Five companies with huge exposure to China

Apple

iPhone maker Apple (AAPL) continues to enjoy its multi-year bull run, with the stock currently trading just shy of its all-time with a market cap approaching $925 billion. Concerns over easing iPhone demand were somewhat erased with the company’s strong quarterly report at the start of May, but a trade war with China could have a very negative impact on the company’s future. The reason being that Apple is so large, and has such large operations in China that it would be an easy target for the Chinese government should it decide to send a message to the U.S. However, it is very possible that Apple employees just too many Chinese citizens to make it a viable target of the Chinese government, and since it is based in California, a state that President Trump does not rely on anyway for its electoral votes, China may not see the advantage is making any aggressive moves against the company. All the same, Apple gets around a third of its sales in China, so any hint of potential trade war could damage the company’s stock. AAPL trades at $188.05 with an average price target of $195.17.

Chart courtesy of www.stockcharts.com

Symbols: AAPL GLW NVDA SWKS WYNN
Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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