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Home»Stock Market»Here’s how Rosenblatt thinks Trump’s win could impact these internet media stocks
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Here’s how Rosenblatt thinks Trump’s win could impact these internet media stocks

November 20, 2024No Comments2 Mins Read
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Following the re-election of Donald Trump for a second term and the Republican control of at least the Senate, investors are now analyzing how the president-elect’s policies and a conservative Congress could impact various industries.

Analyst Barton Crockett at Rosenblatt shared insights on how the outcome of the recent election could affect internet media players:

Apple (NASDAQ:): Concerns arise over Trump’s proposed high tariffs on Chinese goods, potentially affecting Apple, which manufactures a majority of its products in China. However, it is speculated that the new administration may exempt large American companies from these hefty duties.

Alphabet (NASDAQ:): Trump has suggested breaking up Google’s parent company to create a competitive American champion against Chinese rivals. A change in administration might lead to a less aggressive approach towards the search engine monopoly concerns.

TikTok: Trump has expressed intentions to “save TikTok,” shifting from his previous stance against the platform. There is uncertainty surrounding his ability to overturn a potential ban on TikTok under a Biden administration.

Live Nation Entertainment (NYSE:): Investor optimism regarding a possible retreat from a Biden-era antitrust lawsuit has positively impacted Live Nation’s stock. A potential deal could align with Trump’s negotiation style.

Amazon (NASDAQ:): Trump’s proposed import tariffs on Chinese goods could disrupt Amazon’s third-party merchandise sourcing and lead to price increases. The impact of these tariffs on consumer demand remains a concern, but Trump may explore alternative solutions with the support of Congress.

Heres impact Internet media Rosenblatt stocks Thinks Trumps win
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