Just don't have tariffed-materials exposure and don't have China exposure.
Trump threatened 10% to to 25% additional tariffs on August 1 on apparel, toy and electronic goods coming into the U.S. from China. When stocks sold off, a few big tech names that don't have much cost exposure in China got sold off as well.
"I like the FAANG (Facebook (FB) - Get Report , Apple (AAPL) - Get Report , Amazon (AMZN) - Get Report , Netflix (NFLX) - Get Report , Google (GOOGL) - Get Report ) names because they have very, they have no exposure to China. They're not even allowed to compete in China," Guilfoyle said. Apple is vulnerable to tariffs from a cost perspective, but the others are not. They've all sold off since August 1, the day Trump threatened additional tariffs.
"I'd rather have Disney (DIS) - Get Report than Netflix," Guilfoyle added. Netflix's most recent earnings report showed a large total net subscriber adds miss, as Disney ramps up its own streaming and direct-to-consumer media platforms, including a bundled service.
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