Should Apple's Investors Be Worried About A Trump White House?

Toward the end of Wednesday's trading session, the market couldn't be clearer as to which companies and sectors will thrive under a Donald Trump presidency and which ones will suffer.

Perhaps flying a bit under the radar is one company that may suffer under a Trump presidency: Apple Inc. AAPL.

While campaigning, Trump tweeted his belief that consumers should "boycott all Apple products" until the company offers its full and unrestricted cooperation in helping authorities unlock a cell phone used by the terrorist in San Bernardino.

As president of the United States, will Trump take action against Apple or could investors brush this off as campaign rhetoric?

Maybe He Didn't Really Mean It

According to Recode, Apple's CEO Tim Cook's biggest hope is that Trump didn't mean a lot of what he said and simply did what every politician does in saying what need to be said to be elected.

Cook, a known Democratic supporter who hosted a fundraiser for Hillary Clinton, may have also wisely hedged his bets as he also hosted a fundraiser for House Speaker Paul Ryan.

Trump Could Repatriate Overseas Cash

On the other hand, Recode noted that Apple could benefit tremendously, as a Trump administration could pave the way for corporations to bring home the billions of dollars in cash stored overseas.

Meanwhile, Cook has been silent on the election, and Apple's stock isn't participating in Wednesday's overall rally. Shares were trading lower by around 0.33 percent with one hour left of trading.

Image Credit: By Wei-Te Wong from Taipei City, Taiwan, Republic of China (表參道) [CC BY-SA 2.0], via Wikimedia Commons
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!