If Apple (AAPL) - Get Apple Inc. Report and Amazon (AMZN) - Get Amazon.com, Inc. Report led the market during the post Trump election win, why shouldn't they be hinting at some turbulent markets ahead this spring?
There is no definitive answer to that question right now, of course, but the recent movements in the shares of each tech giant of late warrant close attention. Apple and Amazon have fallen 1.8% and 1.2%, respectively, over the last five trading sessions, as investors have become more skeptical on the Trump administration and increasingly worried about geopolitical risk.
For starters, increased geopolitical risk must be priced into global business giants such as Apple and Amazon. How can everything going on right now with China and North Korea not be a reason to be more cautious on Apple, which views China as an important market?
Further, with Trump's tax plan likely stalled into 2018, there goes a central plank to bidding up many multinationals -- a one-time cash repatriation holiday that would unleash mega stock buybacks and dividends.
As for Amazon, the barrage of negative headlines here in the U.S. could begin to weigh on consumer confidence and how tax refunds are spent this spring.
Listen, while the world isn't ending and the stock market will unlikely fall 10% during the next week, it's important to keep track of leaders like Apple and Amazon. A few more sessions like the ones they have been having could be cause for real worry.
Editor's Pick: Originally published April 12.
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Yours truly will be at the New York Auto Show all day interviewing executives, so be sure to follow me on Twitter @BrianSozzi for some news-making. Meanwhile ...
Amazon's Jeff Bezos has an inspirational new annual letter out: With Amazon's stock riding high over the past year, kudos to founder Jeff Bezos for taking us inside his thinking. Bezos' latest annual letter offers several key business tips, TheStreetreports. How can one not listen to this guy? Especially given his success and, well, because he gets to ride in robots.
P.S. the letter is the real annual letter to read nowadays -- no offense to Warren Buffett, of course.
The Dodge Demon is insane: In all my years on this planet, never have I seen a production car as insane as the new Dodge Demon. TheStreetgot up close and personal with the Demon on Tuesday evening (see video below) at a star-studded event. Fiat Chrysler (FCAU) - Get Stellantis N.V. Report (Dodge parent company) definitely delivered on this thing.
Pricing wasn't shared, but if I had to guess, it will be between $85,000 and $95,000. Important to keep a Dodge under that $100,000 price tag, no matter if it's a street legal race car.
Walmart will pay you to visit its stores: Getting back to Amazon, it better watch its back. Walmart (WMT) - Get Walmart Inc. Report continues to impress with how fast it's catching up online under the leadership of Jet.com founder Marc Lore. The company's new discount program unveiled on Wednesday is rather ingenious, and something that could sweep across the entire retail sector. TheStreet talked with Lore at length here.
Meanwhile, have you noticed this new technology at your local Walmart store? If so, tweet your photos at me.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)
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