Tim Cook’s Controversial Trade War Strategy Is Paying Off For Apple (AAPL) Stock

The world’s most valuable company got more valuable this week, asApple stock hit a record high.

There is no question Apple would not have been able to flourish in Trump’s trade war environment were it not for Tim Cook’s immersive approach to Chinese diplomacy. Risks are now growing for APPL as Senator Ted Cruz leads criticism over Cook’s decision to delete an app in Hong Kong, and backlash grows over the CEO’s new role as a chairman at Tsinghua University.

Tim Cook Has Apple Stock Surging With Diplomatic Approach To China

Many investors were worried howApple’s stock would perform  in the Trump era, given it’s exposure to China. Closing at a record $240.51 on Monday,things are looking rosy for APPLas the company has been on the receiving end ofseveral analyst upgrades thanks to the success of its new iPhone 11. Behind the scenes CEO Tim Cook has been providing essential air support to his troops, as the Apple boss has ensured that he has keptthe tech giant in Xi Jinping’s good books.

Apple stock has surged to record highs thanks in part to Tim Cook’s diplomatic efforts in China, but a growing backlash in the U.S. could pose a threat to APPL. Source-Yahoo Finance

CNBC’s Cramer and Brown Love Apple’s Trade War Approach

CNBC Mad Money host Jim Cramer has been singing Cook’s praises on his show, claiming that the CEO has beenon the “front lines” of Trump’s trade war. For Cramer, this is a definite factor that has helped Apple’s stock flourish despite extremely testing times for global trade.

In addition to Cramer’s positive take on Apple’s current approach to China relations, another CNBC analyst was singing the incumbent CEO’s praises. Josh Brown, waxed lyrical abouthow much better off Apple is for having Tim Cook in chargeamidst the trade war than if Steve Jobs was running things, stating,

“Could you picture, in a million years, Steve Jobs threading the needle in the way Time Cook has? Cook has to live with the reality that China is a lifeline for his business while simultaneously convincing ‘mad dog’ Trump that he is going to build things here. He’s done it incredibly well.”

Ted Cruz Leads Criticism Against Apple’s Hong Kong Decision

Apple’s approach to keeping China happy has not pleased everyone. Cook’s decision to kowtow to Chinese pressure to delete a mapping in Hong Konghas faced criticism from supporters of protesters in the city-state. Senator Ted Cruz tweeted apparently contacted Apple to protest this decision.

In addition to this controversial move, the Apple boss is now facing a firestorm of criticism fortaking a role at Tsinghua Universityas Chair of an advisory committee for its management school. While investors in APPL have cheered such decisions, some are not so sure. His support of China during the crackdown in Hong Kong is arguably violating thepro-immigrant progressive agendathat Cook has championed against the Trump administration.

Much likeElon Musk’s successful tariff dodge earlier in the year for Tesla, successful diplomacy is paying dividends for Apple stock. The question remains if APPL can keep pressing higher even if domestic backlash in the U.S. continues to grow.

This article was edited bySam Bourgi.

Read More

Related posts:

Barrick’s assets more ‘damaged’ than the company has disclosed: Newmont CEO
business opportunity online marketing online business opportunity opportunities PSFK Tracker Shows How Purposeful Brands Won 2018 and Will Play 2019" style="background: transparent url(https://onlinebizopps.info/wp-content/uploads/2019/01/380/via-httpsnewsapiorg-online-a-hrefhttpslcptrwvnetlcpmercedescol1twsuccessteam57247-target-blankbusiness-opportunitya-online-marketing-online-a-hrefhttpslcptrwv-netlcpmercedescol1twsuccessteam57247-targ-150x150.jpg) no-repeat scroll 0% 0%; width: 150px; height: 150px;">
Via https://newsapi.org online business online marketing online business opportunities PSFK Track...
NAB goes for safe hands with Phil Chronican, Mike Baird in the wings
Federal Reserve’s Jerome Powell "Very Worried" About Massive U.S. Debt
Understanding the registered disability savings plan, from the basics to the budget’s new rules
Mammoth Dow Jones Rally Should Follow End to US-China Trade War

Leave a Reply

Your email address will not be published.