美国企业税率从21%降至15%将有利于税率相对较高、收入集中在美国的公司。这些公司包括CDW Corp(CDW.US)、摩托罗拉解决方案(MSI.US)、Ciena(CIEN.US)和 Arista Networks(ANET.US)。Donald Trump will return to the White House on January 20, 2025, to start his second term, which will have various impacts on American IT hardware and networking companies.
Guotong Finance and Economics APP learned that Donald Trump will return to the White House on January 20, 2025, to start his second term, which will have various impacts on American IT hardware and networking companies.
Analysts at Evercore ISI stated that while Trump's possible imposition of tariffs may have a negative impact on companies with significant business in China, other proposed policies should bring benefits. These measures include reducing corporate tax rates and decreasing regulations.
The reduction of the US corporate tax rate from 21% to 15% will benefit companies with relatively high tax rates and income concentrated in the US. These companies include CDW Corp (CDW.US), Motorola Solutions (MSI.US), Ciena (CIEN.US), and Arista Networks (ANET.US).
As for tariffs, companies whose sales revenue mainly comes from overseas markets may be affected. Companies that purchase a large number of components in China or assemble a large number of products in China also face risks.
Analysts led by Amit Daryanani at Evercore stated: "Companies that purchase products or components from China may face greater impacts. However, efforts towards diversifying the supply chain post-pandemic can mitigate potential effects."
These companies include Apple (AAPL.US), Dell Technologies (DELL.US), Hewlett Packard Enterprise (HPE.US), and HP Inc (HPQ.US). However, companies with limited product revenue portfolios related to China, such as Akamai (AKAM.US) and IBM (IBM.US), should not be affected.
At the same time, reducing the possibility of regulation will benefit many companies in this field.
Daryanani pointed out: "A more friendly M&A regulatory environment should be good for quite active acquirers like Amphenol (APH.US), Cisco (CSCO.US), and IBM. Given IBM's balance sheet / free cash flow generation capability, it can clearly engage in larger-scale trades."
Reducing regulation on large tech companies will also benefit Apple.
Finally, providing a better economic environment for small and medium-sized enterprises can benefit all companies serving small and medium-sized enterprises in this field.
