These stocks will be hit hardest in a long, multi-pronged trade war

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Need to Know: These industrial, consumer stocks most at risk from long trade war

Stocks were set for a mixed open as news broke that China intends to present the U.S. with a set of preconditions in order to resume trade talks, according to the Wall Street Journal. One of the terms, the report said, is that the U.S. remove its ban on selling U.S. technology to Huawei Technologies Co.

Focusing on the U.S.-China dispute, they write: “We estimate that while the effect on S&P 500 earnings is relatively modest at ~2%, there is substantial variation across sectors.” They noted that in the U.S., the Consumer Discretionary, Information Technology and Industrials sectors would bear the brunt of tariffs on imports and exports.

If China goes through with its announced plans to retaliate by setting up an Unreliable Entities List , however, numerous large U.S. companies could be affected. Already, the analysts note, China has opened a probe into FedEx FDX, +2.53% over potential violations of Chinese laws and regulations, and China’s market regulator recently fined a Ford Motor Co. F, +0.71% joint venture about 160 million yuan for violating anti-monopoly laws.

 

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Stocks are jumping as traders see 'light at the end of the trade-war tunnel''The truce cake seems to have been baked,” the South China Morning Post reported. More like moth attracted to fire. Stay calm...cool...and collected! Let the traders around like chickens. Hoard cash to go after those quick arbitrage opportunities...but for the most part...keep an eye on gems...and wait! The bubble will burst! And then we go in!
Source: BusinessInsider - 🏆 729. / 51 Read more »