No. of Recommendations: 6
Tom Forte, senior research analyst at D.A. Davidson, joins 'Power Lunch' to discuss Apple's involvement with China, the company's biggest stock risks and the impact a weakening global economy has on Apple.
A couple viewpoints are discussed on their modest, but inexorable moves to shed its long term dependence on China. Confronted by strong shareholder concerns and pressure from Washington, I think, by sure inertia, creative solutions will be found to diversify away from potential geopolitical uncertainty ' and the sooner, the better. Hell, Tim Cook, the visionary he is, needs to think outside the box and look to groom a lot of that human/intellectual capital and manufacturing efficiencies right here in the USA. Waive the white flag on wages short term and pay your people well, while simultaneously streamlining in other areas ' implement robotics as much and as quickly as possible'lobby for favorable tax legislation to redeploy Apple facilities to the American heartland, etc, etc. this isn't insurmountable but an expeditious plan of action is needed.
https://stocks.apple.com/AXS7EybYuQWOuIS_G9jaFJQ