I suspect, but cannot prove, that no stock moves more sharply than Apple when the President tweets about tariffs.
From my weekly “Apple trading strategies” posts, starting two months ago:
Click to enlarge.
My take: Good thing nobody in Trump’s inner circle is crooked enough to be front-running trades.
Aug 18 (Reuters) – U.S. President Donald Trump said on Sunday that he has spoken with Apple Inc’s Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd.
Trump said Cook “made a good case” that tariffs could hurt Apple given that Samsung’s products would not be subject to those same tariffs. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on Sept. 1 and Dec. 15.
Apple was green in pre-market trading Monday.