The Best Stocks for the Rest of Trump’s Term: Apple (AAPL)
Last but not least, and speaking of it, add Apple Inc. (NASDAQ:AAPL) to your list of stocks to buy with Trump at the helm.
OK, there has never really a bad time to own Apple, in that even a bad quarter for the consumer technology giant would still be a good quarter by any other company’s standards — Apple is a cash-generating monster. If Trump’s recently unveiled tax agenda is put into place, though, the world’s most profitable organization could become stunningly more profitable, with corporate tax rates slated to slide from a top rate of 35% to only 15%.
Such a move would absolutely benefit Apple more than any other company.
Bonus: As was noted, the proposed plan would allow companies with large cash balances stored overseas to bring that money home without a massive tax bill siphoning off as much as 40% of its value. Though the exact revised tax rate on repatriated money has not yet been determined, any help would be a boon to Apple, which has more than $200 billion parked in overseas bank accounts.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.