Here's which tech companies could soon be caught in the tariff crossfire.
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00:00Looking at tariffs and how that may affect some stocks in the market here going into
00:06the summer, we have to think about the unknowns, which are service companies.
00:16Think about, and the market really hasn't talked at all about tariffs on services.
00:22In the United States, there's a net exporter of services, okay?
00:25That are major consulting, law firms, but also tech and software.
00:32So you take a Microsoft, for example, AAA-rated company, Fortress Balance Sheet, but they have
00:40a tremendous amount of exports vis-a-vis software to outside of the United States.
00:48And one of the easiest things to tariffs will be software.
00:52So be wary of some of these MAG-7 software companies, some of the larger software companies
00:59out there that rely heavily on sales internationally.
01:04That's really the red herring or the black swan, I think, that hasn't been talked about at all.
01:09What does that mean?
01:23Well, once again, this is what that means.