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.