Week In Review: How Trump's Policies Moved Stocks - Sunday, Nov. 24, 2019

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:

1. APPLE TOUR: President Trump and Apple (AAPL) CEO Tim Cook toured facilities in Texas where Apple products are made earlier this week. Remarking on the "key strategic visit for the company," Wedbush analyst Daniel Ives said that while he sees more AI and hardware manufacturing coming out of the U.S., India, and potentially Vietnam down the road, for the foreseeable future China remains the "linchpin" of success on the iPhone supply chain. Cook needs to "play nice in the sandbox" both in the U.S. as well as in China to make sure no new roadblocks appear that could derail this potential "5G super cycle" heading into 2020, said Ives, who has an Outperform rating and $325 price target on Apple shares.

Following the visit, Trump said he is weighing whether to exempt Apple from tariffs on Chinese imports, Reuters reported. "We're looking at that," Trump said in response to a reporter's question about the duties.

2. VAPING MEETING: Trump met with vaping supporters and critics on Friday as the White House weighs how to address an epidemic of youth e-cigarette usage, Bloomberg's Josh Wingrove reported. The meeting with the president will include "a diverse group of advocacy, industry, nonprofits, medical associations, and State officials," said Judd Deere, White House spokesman.

Trump is in favor of raising the minimum age for purchasing nicotine vaping products to 21 years old from 18, MarketWatch's Jaimy Lee then reported, citing comments made during Friday's meeting attended by the CEOs of some of the nation's biggest vaping companies, including Altria Group (MO), Juul Labs, and Njoy. The administration appears to be backing off a plan, announced in September, to ban most flavors of e-cigarettes, despite worries from health organizations and physicians groups, Lee says. Trump added during the discussion forum that he has concerns with "prohibition" since illegal vape products bought on the black market could be especially unsafe compared with ones sold in a regulated market, the author notes.Other publicly traded companies in the tobacco space include British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).

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