Trump Says He Will Remember Companies Not Seeking Tariff Refunds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Should l Buy AAPL?
Source: CNBC
- Tariff Refund Opportunity: Trump stated he will remember U.S. companies, particularly Apple and Amazon, that do not seek tariff refunds, which could impact their relationship with the government, especially regarding trade policies.
- Potential Refund Amount: The U.S. Customs and Border Protection has opened a portal for importers to apply for over $160 billion in potential tariff refunds, representing a significant financial opportunity for major retailers like Levi Strauss and Gap.
- Levi Strauss Expectations: Levi Strauss's CFO indicated the company expects to receive around $80 million in tariff refunds, which would significantly enhance its financial position amid the current trade environment.
- Gap's Financial Impact: Gap's CFO noted that the tariff impact has been significant on performance, and while refunds have not been factored into their outlook, the company is closely monitoring the situation, which may lead to future adjustments in financial forecasts.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 273.050
Low
239.00
Averages
306.89
High
350.00
Current: 273.050
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- ETF Holdings Scale: Apple stock is held by 664 ETFs, controlling approximately 2.2 billion shares, which reinforces its cornerstone status in major indices and sector funds, suggesting that fluctuations in Apple's share price may have broad market implications.
- Sensitivity Analysis: Investors are closely monitoring ETFs with the largest Apple weightings, where performance sensitivity to changes in Apple's stock price may be most pronounced, potentially leading to adjustments in investment strategies.
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- Leadership Change: Apple is set to appoint John Ternus as CEO on September 1, succeeding Tim Cook, a transition that could significantly influence market sentiment, particularly as investor focus on Apple stock intensifies.
- ETF Holdings Scale: Apple stock is held by 664 ETFs, controlling approximately 2.2 billion shares, which reinforces its cornerstone status in major indices and sector funds, suggesting that fluctuations in Apple's share price may have broad market implications.
- Sensitivity Analysis: Investors are closely monitoring ETFs with the largest Apple weightings, where performance sensitivity to changes in Apple's stock price may be most pronounced, potentially leading to adjustments in investment strategies.
- Top ETFs List: The 10 ETFs with the largest allocations to Apple include GraniteShares 2x Long AAPL Daily ETF (AAPB, 66.34% allocation) and T-Rex 2X Long Apple Daily Target ETF (AAPX, 64.71% allocation), highlighting Apple's significance in investment portfolios.
See More
Apple CEO Transition Sparks Market Fluctuations
- Market Fluctuations: The market started positively on Tuesday, but by 1:15 p.m. ET, major indexes were down at least 0.5%, indicating cautious investor sentiment despite the small magnitude of moves, reflecting uncertainty about future developments.
- Apple CEO Transition: Tim Cook announced he will hand over the CEO position to John Ternus in September, with Cook having quintupled Apple's market cap since 2011, and the market's nervous reaction underscores concerns about potential strategic shifts.
- Dow Jones Index Impact: The Dow Jones index is affected by high-priced stocks, with Goldman Sachs down 1.5%, dragging on the index, while UnitedHealth surged 8.5% after exceeding analyst expectations, highlighting sector disparities.
- Global Economic Pressures: The ongoing Iranian conflict continues to weigh on the global economy, with market anxiety over the expiring ceasefire, making oil price fluctuations a key indicator for future market sentiment, emphasizing the need for diversification and long-term planning amidst uncertainty.
See More
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- Leadership Transition: Apple announced that John Ternus, the senior vice president of hardware engineering, will take over as CEO on September 1, with Tim Cook becoming executive chairman, marking a significant shift in leadership that could impact future product strategies and market performance.
- Product Innovation Outlook: With over 25 years at Apple, Ternus has been involved in the development of key products like the iPhone and iPod, and he is expected to leverage his extensive design experience to drive new product launches, particularly the AI upgrade to Siri and a foldable iPhone.
- Positive Market Reaction: Several Wall Street firms expressed optimism about Ternus's succession, believing he will lead Apple into a new era of products, with 2027 anticipated to be a significant year for product releases, further driving the company's market value growth.
- Customer-Centric Continuity: Ternus inherits Cook's customer-first philosophy, emphasizing the importance of quality and innovation, and is expected to continue enhancing Apple's competitiveness in the premium market, maintaining its leadership position in the tech industry.
See More
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- Leadership Transition: Apple announced that CEO Tim Cook will step down on September 1 to become Executive Chairman, with current SVP of Hardware Engineering John Ternus taking over as CEO, a move analysts view as crucial for driving innovation and accelerating value creation.
- Advertising Revenue Potential: Needham analyst Laura Martin highlighted that Apple generated approximately $10 billion in ad revenue in 2025, which constitutes less than 10% of its Services segment revenue and under 3% of total revenue, yet she believes this should be closer to 50%, emphasizing that the high 80% margins could be a significant profit driver for Apple.
- M&A Recommendations: Martin suggested that Apple should consider acquiring or partnering with media giant Disney to enhance user engagement and gain differentiated assets with pricing power, a proposal that has repeatedly failed to materialize but is seen as an effective strategy for accelerating value creation.
- Market Reaction: Despite analysts' optimism regarding the new CEO's prospects, Apple shares fell by 2.5% during midday trading on Tuesday, indicating a cautious market response to the leadership change and reflecting investor concerns about the future strategic direction.
See More
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- Market Capitalization Comparison: Apple's market cap stands at $4 trillion, surpassing Microsoft's $3.1 trillion, indicating Apple's strong market position, although Microsoft excels in various business segments.
- Financial Performance: Microsoft reported $282 billion in sales and $102 billion in net income for the fiscal year 2025, achieving a profit margin of 36%, showcasing its robust profitability and sustained growth potential.
- Ecosystem Advantage: Apple has built a strong ecosystem through products like the iPhone, generating $416 billion in net sales and $112 billion in net profit in fiscal year 2025, highlighting its brand loyalty and cross-selling potential.
- Investment Attractiveness: Despite a 14% decline in Microsoft's stock price in early 2026, its lower price-to-earnings ratio of 26 makes it a more attractive investment, while Apple's high valuation at 35 times earnings raises questions about its growth potential.
See More
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- Valmont Industries Strong Performance: The agricultural products and infrastructure company saw its stock rise 12% after reporting better-than-expected first-quarter results, driven by strong demand in its North American utility business, while also raising the lower end of its full-year earnings guidance, indicating market confidence in future growth.
- Pitney Bowes Revenue Beat: Mailing equipment and services giant Pitney Bowes reported first-quarter revenue of $477 million, exceeding the market consensus of $465.9 million, leading to an 8% stock increase, which reflects the company's solid performance in a competitive market.
- UnitedHealth Earnings Surprise: UnitedHealth reported first-quarter earnings of $7.23 per share and revenue of $11.72 billion, both surpassing analyst expectations, resulting in a 9% stock increase, while the company also raised its full-year earnings outlook, showcasing its strong market position.
- Quest Diagnostics Strong Results: Laboratory testing services company Quest Diagnostics posted first-quarter earnings of $2.50 per share, exceeding the expected $2.37, with revenue reaching $2.90 billion, surpassing the $2.83 billion consensus estimate, leading to a 5.2% stock increase, highlighting its competitive edge in the industry.
See More
