GBH Insights analyst Daniel Ives wrote Wednesday that he sees tariff action having “minimal impact” on Apple Inc. and the FANG stocks. He thinks Facebook Inc. , Amazon.com Inc. , Netflix Inc. , and Alphabet Inc. are fairly insulated from tariff and trade-war concerns due to their international revenue streams and service-driven nature. A trade war could lead to “some tangential crosshairs” for Amazon’s e-commerce operations, Ives wrote, but he thinks these “would be negligible.” For Apple, Ives believes a likely scenario might be input cost increases of between $20 million to $30 million, due to the use of steel and aluminum in certain products. Even his “worst case” scenario of a $50 million increase in input costs would only amount to “a rounding error,” Ives wrote. Apple shares are up 25% over the past 12 months, while the Nasdaq Composite Index is up 26% and the Dow Jones Industrial Average is up 18%.
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