Tit-for-Tat Nature: Tech Stocks and Huawei Equipment

tit-for-tat nature: The overnight Wall Street Journal report that the U.S. is urging allies to avoid Huawei equipment initially took the market down, though it's unclear whether any blowback on U.S. tech stocks will occur given the tit-for-tat nature we've become accustomed to in Sino-U.S. relations, according to The Toronto Star. Given it's a private company, details are scant as to any supplier impact, but watch Jabil, Flex Ltd., Broadcom and Qualcomm given their exposure to Huawei competitors like Ericsson and Cisco. But with S&P futures looking lower this morning there may be a few doorbusters available in the market as well, including stocks of the retailers themselves. Optical stocks like Ciena, Infinera, Oclaro and Lumentum may also be impacted. Drew Angerer / Getty Images That tension will contrast with other indications that U.S. President Donald Trump and Chinese leader Xi Jinping are ready for their meeting at the G20. A trader on the floor of the New York Stock Exchange on Tuesday, as sliding stocks eliminated yearly gains for the S&P 500 and Dow Jones Industrial Average. (news.financializer.com). As reported in the news.