The United States has thrown in the most shocker of an election result, with the Republican candidate Donald Trump coming up trumps against his Democratic rival Hillary Clinton, who was all along expected to pip past Trump by a narrow margin at the very least.
The grossly unexpected results have sent the analyst community into a tizzy, as it analyzes the likely ramification a Trump presidency could have on varied sectors and segments of the economy.
Trip Chowdhry of
Apple is expected to ride the wave of exodus out of high PE stocks into low PE ones.
Global Equities Research believes investors will sell high
Trump's thrust on domestic manufacturing renders Intel attractive.
Under Trump, Chowdhry noted that manufacturing has once again become attractive. Intel has several manufacturing and test sites in the United States, namely D1X, D1C, DID fabs in Hillsboro, Oregon, Fab12, Fab32, Fab42 Fabs in Chandler, Arizona, and ab11X Fab in Rio Rancho, New Mexico.
Tesla's manufacturing-focus places it in good stead.
The firm also said Tesla is another company that could capitalize from domestic manufacturing coming back in favor. The electric car maker has a 5.3-million-square-feet facility in Freemont, California, with another 6-million-square-feet expansion, the total square feet is up at 11.3 million square feet. The firm noted that Tesla has 12,000 factory workers in the facility, with production expected to ramp up to 500,000 autos in 2018, increasing jobs generated to over 20,000.
In Pre-Market Trading ...
- Shares of Apple were down 0.95 percent at $110.
- Intel was losing 2.56 percent to $33.85.
- Tesla was slipping 3.29 percent to $188.53.
|Oct 2016||Goldman Sachs||Maintains||Buy|
|Oct 2016||Credit Suisse||Maintains||Outperform|
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