Toward the end of Wednesday's trading session, the market couldn't be
clearer as to which companies and sectors will thrive under a Donald Trump presidency and which ones will suffer.
Perhaps flying a bit under the radar is one company that may suffer under a Trump presidency: Apple Inc. (NASDAQ:
AAPL).
While campaigning, Trump tweeted his belief that consumers should "boycott all Apple products" until the company offers its full
and unrestricted cooperation in helping authorities unlock a cell
phone used by the terrorist in San Bernardino.
As president of the United States, will Trump take action against Apple or could investors brush this off as campaign
rhetoric?
Maybe He Didn't Really Mean It
According to Recode, Apple's CEO Tim
Cook's biggest hope is that Trump didn't mean a lot of what he said and simply did what every politician does in saying what need
to be said to be elected.
Cook, a known Democratic supporter who hosted a
fundraiser for Hillary Clinton, may have also wisely hedged his bets as he also hosted a fundraiser for House Speaker Paul
Ryan.
Trump Could Repatriate Overseas Cash
On the other hand, Recode noted that Apple could benefit tremendously, as a Trump administration could pave the way for
corporations to bring home the billions of dollars in cash stored overseas.
Meanwhile, Cook has been silent on the election, and Apple's stock isn't participating in Wednesday's overall rally. Shares were
trading lower by around 0.33 percent with one hour left of trading.
Image Credit: By Wei-Te Wong from Taipei City, Taiwan, Republic of China (表參道) [CC BY-SA 2.0], via Wikimedia Commons
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