How MWS Capital's Shapiro Is Playing Red Hat

Matt Shapiro from MWS Capital Consultants discusses the recent market volatility and the role of dip buyers. He highlights Red Hat as a promising technology stock, analyzing its recent performance and call options. The discussion extends to broader tech sector trends and market corrections, emphasizing the resilience of the iPhone era. Shapiro also provides insights into the VIX, market sentiment, and the current state of volatility, noting a slight bullish sentiment as the week closes.

What is the main reason Matt Shapiro is interested in Red Hat stock?

• It has had two strong quarters in a row.

• It is an embedded provider of Linux and open-source software.

• It is the highest trading stock in the market.

• It is a new company with high growth potential.

How does Matt Shapiro view the tech sector's potential for a rebound?

• He is unsure about the tech sector's future.

• He feels it will only rebound if the economy improves.

• He thinks it is both company-specific and part of a larger trend.

• He believes it is unlikely to rebound soon.

What does Matt Shapiro suggest about the iPhone era's impact on the market?

• It has significantly changed the market dynamics.

• It has remained a consistent trend.

• It has led to a decline in tech stocks.

• It has no impact on the current market.

What recent change has been observed in the VIX index?

• It has shown no significant movement.

• It has spiked higher for the first time in a while.

• It has decreased significantly.

• It has remained stable.

What is the current sentiment in the market as the week closes?

• There is a lot of pessimism.

• The market is extremely volatile.

• There is a slight bullishness.

• Investors are mostly selling off stocks.