AVGO Hits All-Time High After AAPL Deal Announced

Apple (AAPL) announces a multi-billion dollar deal with Broadcom (AVGO) for U.S.-made components. Alex Coffey and Jenny Horne discusses this as Broadcom says they've entered into "2 separate multi-year statements of work" with Apple. Broadcom will develop 5G radio frequency components, FBAR filters, and wireless connectivity components. They talk about how AVGO hit a new all-time high today. Apple CEO, Tim Cook notes that Apple will "continue to deepen [our] investments in the U.S. economy." Alex then demonstrates an example trade using AVGO. The trade type is buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.