US Election And Tariff Prospects Set To Threaten Internationally-Exposed Stocks, Goldman Sachs Warns
Portfolio Pulse from Piero Cingari
Goldman Sachs warns that the upcoming U.S. presidential election could significantly impact U.S. stocks, particularly those with international exposure. A Trump victory may lead to a stronger U.S. dollar and potential tariffs, which could negatively affect internationally-exposed stocks. Historical trends show domestically-focused stocks outperforming immediately after Trump's election but underperforming in the long term.
June 24, 2024 | 9:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Materials Inc. could face headwinds due to potential tariffs and a stronger U.S. dollar if Trump wins the election.
Applied Materials Inc. has significant international revenue exposure, making it vulnerable to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Broadcom Inc. may experience negative impacts from potential tariffs and a stronger U.S. dollar under a Trump presidency.
Broadcom Inc. has significant international revenue exposure, making it susceptible to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Intel Corp. may experience negative impacts from potential tariffs and a stronger U.S. dollar under a Trump presidency.
Intel Corp. has significant international revenue exposure, making it susceptible to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mastercard Inc. may experience negative impacts from potential tariffs and a stronger U.S. dollar under a Trump presidency.
Mastercard Inc. has significant international revenue exposure, making it susceptible to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
McDonald's Corp. could face challenges from potential tariffs and a stronger U.S. dollar if Trump wins the election.
McDonald's Corp. has significant international revenue exposure, making it vulnerable to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta Platforms Inc. could face headwinds due to potential tariffs and a stronger U.S. dollar if Trump wins the election.
Meta Platforms Inc. has significant international revenue exposure, making it vulnerable to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Netflix Inc. may experience negative impacts from potential tariffs and a stronger U.S. dollar under a Trump presidency.
Netflix Inc. has significant international revenue exposure, making it susceptible to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Philip Morris Intl may experience negative impacts from potential tariffs and a stronger U.S. dollar under a Trump presidency.
Philip Morris Intl has significant international revenue exposure, making it susceptible to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
QUALCOMM Inc. could face headwinds due to potential tariffs and a stronger U.S. dollar if Trump wins the election.
QUALCOMM Inc. has significant international revenue exposure, making it vulnerable to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Visa Inc. could face challenges from potential tariffs and a stronger U.S. dollar if Trump wins the election.
Visa Inc. has significant international revenue exposure, making it vulnerable to tariffs and currency fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80