Goldman has a strategy to play the trade war that divides the stock market, pitting Amazon vs Apple

Service-providing companies like Amazon will fare better than goods makers like Apple during a trade war, Goldman says.

Goods-producing companies like Apple, with $10.22 billion in sales in its Greater China category for the second quarter, Johnson & Johnson and Exxon Mobil are more exposed to tariff retaliation, Goldman says. During this market sell-off, Goldman says service stocks like Amazon, Google and Microsoft have less foreign input costs subject to tariffs and perform better. They may be better plays even if the trade dispute is resolved, the firm said.

Packing worker Hashmat Zubair fills a delivery box with products at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019. RAs markets tumbled under the threat of a trade war with China, Goldman Sachs told clients there would be one distinct group of winners and one group of losers in the stock market as this foreign policy drama unfolds.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

How The Biggest Tech Companies Spent Half A Billion Dollars Lobbying CongressSince 2005, Amazon, Apple, Facebook, Google and Microsoft have spent $582 million lobbying Congress. These are the issues that they care about most.
La source: Forbes - 🏆 394. / 53 Lire la suite »