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By far, Apple is one of the biggest companies in the world.
All it has to do is make a simple mention of a potential idea that may or may not happen, and traders go wild with anticipation.
At least, that’s what just happened in February 2017.
One of the best ways to diversify at less cost is with an ETF.
In early July 2018, most defense names became very expensive.
- Raytheon (RTN) was up to $195
- Boeing (BA) traded at $336
- General Dynamics (GD) was at $187
- Northrop Grumman (NOC) was at $309
- United Technologies (UTX) was at $125
If I wanted to own just 10 shares of each, it’d cost me $11,520.
If I wanted to own 100 shares of each, now we’re up to $115,200.
Oh yes, there will be blood.
But if you know where to pounce when the bleeding stops, you’re one step ahead of the herd. There’s little doubt trade war fears were painful in late June 2018.
But at some point, the bleeding will stop and opportunities will be noticeable.
Apple (AAPL) for example, which depends on China to produce its iPhone and other popular products. In fact, about 20% of its revenue came from China in the most recent fiscal year.
In early June 2018, the Trump Administration imposed tariffs on steel and aluminum exports from three of its closest trading allies – Canada, Mexico, and countries in the European Union.
And the trade war began.