Investors Worry How Trump Tariffs Could Further Impact Companies Reliant On Chinese Suppliers: Vulnerable Stocks 'Have Underperformed' This Year
Portfolio Pulse from Hayden Buckfire
Donald Trump's proposal to replace income taxes with tariffs on foreign goods has caused stocks dependent on Chinese suppliers to underperform. Companies like CVS Health, Verizon, and Intuit, which rely on U.S. suppliers, have outperformed those like Meta Platforms, Qualcomm, and Applied Materials, which rely on Chinese suppliers.
June 25, 2024 | 7:00 pm
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POSITIVE IMPACT
CVS Health Corp, part of Goldman Sachs' Domestic Sales Basket, has outperformed due to its reliance on U.S. suppliers amidst Trump's tariff proposals.
CVS Health Corp is less impacted by tariffs on Chinese goods, making it more attractive to investors as Trump's election odds increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intuit Inc., part of the Domestic Sales Basket, has seen better performance due to its reliance on U.S. suppliers amidst Trump's tariff proposals.
Intuit's reliance on U.S. suppliers makes it less impacted by tariffs on Chinese goods, leading to better stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verizon Communications Inc., also in the Domestic Sales Basket, benefits from Trump's tariff proposals, leading to better performance compared to companies reliant on Chinese suppliers.
Verizon's reliance on U.S. suppliers makes it less vulnerable to tariffs on Chinese goods, boosting its stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Applied Materials Inc., part of the International Sales Basket, has underperformed due to its reliance on Chinese suppliers amidst Trump's tariff proposals.
Applied Materials' reliance on Chinese suppliers makes it more vulnerable to tariffs, leading to underperformance as Trump's election odds increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta Platforms Inc., part of the International Sales Basket, has underperformed due to its reliance on Chinese suppliers amidst Trump's tariff proposals.
Meta's reliance on Chinese suppliers makes it more vulnerable to tariffs, leading to underperformance as Trump's election odds increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Qualcomm Inc., part of the International Sales Basket, has underperformed due to its reliance on Chinese suppliers amidst Trump's tariff proposals.
Qualcomm's reliance on Chinese suppliers makes it more vulnerable to tariffs, leading to underperformance as Trump's election odds increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80