Investing.com – Analysis of Trump's Potential Impact on Various Industries

With Donald Trump now set to return to the White House for a second four-year term and Republicans taking control of at least the Senate, investors are assessing the potential effects of the president-elect’s policies and the conservative grip on Congress.

At Rosenblatt, analyst Barton Crockett shared initial insights on how the outcomes from the significant Nov. 5 election might affect internet media players, including:

Apple (NASDAQ:AAPL)

Crockett expressed concern that Trump's plan to impose tariffs of 60% or more on goods from China could adversely impact Apple, which produces about 80% of its flagship iPhones in China. However, he argued that the new administration might exempt large American firms from these high duties, citing that "past is prologue."

Alphabet (NASDAQ:GOOG)

Trump has suggested breaking up Google’s parent company, arguing it should represent a competitive American entity against large Chinese competitors. A change in administration may thus lead to a less aggressive approach regarding its search engine monopoly concerns compared to prior proposals.

TikTok

Trump has changed his stance on TikTok from his first term and expressed intentions to "save TikTok." Crockett noted that Trump could attempt to overturn a Biden administration law aimed at banning the platform if not sold to non-Chinese ownership before Jan. 25, but uncertainty surrounds whether this can be achieved through executive action.

If TikTok were to be banned, it could significantly benefit companies like Facebook-parent Meta Platforms, Google, and Snap.

Live Nation Entertainment (NYSE:LYV)

Investor optimism regarding the possibility that a Trump administration might back away from a Biden-era antitrust lawsuit has buoyed shares of this event ticket seller. Crockett mentioned that a behavioral remedies deal may align with Trump’s deal-making style, which Live Nation would likely welcome instead of a forced split-up.

Amazon (NASDAQ:AMZN)

Crockett noted that a significant portion, potentially a majority, of merchandise sold through Amazon's platform comes from China. Trump's proposed 60% import tariff could create disruptions, leading to increased prices and diminished customer demand. Crockett speculated that Trump may seek alternate deals to preemptively manage the inflationary fallout from high tariffs, especially given the potential negative consumer response to increased prices.