Bull Case "Back on the Table" for Apple, Microsoft, and Palantir Following Trade Truce, Says Dan Ives

Things were looking extremely difficult for technology companies just a few weeks ago. President Donald Trump announced tariffs on imports from countries around the world -- and an especially high tariff of 145% on imports from China. The move could have been disastrous for tech stocks in two ways: Higher prices in general would reduce demand for their products and services, and the higher prices on their imported parts and finished goods would increase their costs.Wedbush analyst Dan Ives even called the scenario "Armageddon" for technology companies. But, luckily for these players and for investors, the situation has greatly improved. Since Trump's first announcement, he followed up by temporarily exempting electronics from tariffs. That was a first win for the industry. Then, just last week, the U.S. and China reached an initial trade agreement, dropping the level on imports from China to 30%.Now, Ives says the bull case is "back on the table" for tech stocks such as Apple (NASDAQ: AAPL), Microsoft, and Palantir Technologies. Let's take a closer look at the situation and consider whether now is a good time to get in on these growth players.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool