Many top Silicon Valley executives are expected to attend a meeting with President Trump on Wednesday that will help steer the complicated relationship between the incoming White House and the nation’s tech companies.
Disclaimer. We are long Facebook for a trade with a small position in Apple. Notable in the recent Trump rally is that tech stocks have been a laggard. This meeting has the potential to create an outsized move in the stocks. Trump has been a vocal critic of Apple and Amazon. Facebook director, Peter Thiel, is on the Trump advisory committee. Facebook also made an effort to communicate with Republicans to present an objective face in the elections. Although pricey by an measure, Facebook has the best earnings growth of any of the companies mentioned in this article. It also has the little to lose in the possible Trump takedown of China since it is banned there.