Jim Cramer asked equities expert Stephen “Sarge” Guilfoyle what he thinks about the future of tech stocks under Trump. Guilfoyle replied that thanks to corporate tax reform, tech stocks are going to have an issue because they don’t pay an effective high tax rate. But he also noted that if there’s a repatriation event, you’ll probably gain dividends or the companies will repurchase their own shares making your equity stake worth more.
Guilfoyle is the founder and president of Sarge986 LLC, a family run trading operation. A New York Stock Exchange floor trader for over 30 years, he previously served as chief market economist for Stuart Frankel & Co., U.S. economist for Meridian Equity Partners and as a vice president in block trading and investment banking with Credit Suisse. Guilfoyle earned his nickname by serving as an actual sergeant in reserve components of the U.S. Marine Corps and U.S. Army while simultaneously working on Wall Street.
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