With the trade war in full swing it’s hard to know what is a safe investment.
After all, in 2018 alone global outsourcing accounted for 85.6 billion US dollars.
And with the Trump Tariffs taxing 25% and rising on certain imported goods, the vast majority of companies are already taking a hit.
This doesn’t mean you have to go down with the ship though.
Thanks to the movements of the Wall Street professionals, I know of a stock that could make you thousands.
It’s no secret that the tariffs are already taking a toll.
Though most sectors of the market are in trouble, one that is in question the most is technology.
There are many reasons for this, but one of the biggest causes for concern is the fact that most tech companies outsource, because about 80% of metal used for US product production is imported.
Two of the biggest movers in the tech industry, Apple (APPL) and Microsoft (MSFT), outsource the bulk of their production to Asia.
Microsoft’s gaming console isn’t even made by Microsoft, but by a Singaporean company called Flextronics.
With trump taxing metals (including those used to make tech) at 10-25%, this could spell big trouble for some of the tech giants.
But I’m here to tell you about the one that’s being called a ‘safe haven’ by those in the know.
Cisco Systems Inc. (CSCO), which produces hardware, telecommunications equipment, and other high-tech products and services, is where the insiders are heading.
Why?
Because compared to its competitors, Cisco is relatively free from dependence on imports.
In fact, only 3.3% of Cisco’s revenue comes from China.
While investors are pulling out of most tech companies out of concern for their future value, insiders are going in on Cisco shares. This week, J.P. Morgan and Bank of America are just two names that went in on Cisco Systems.
If you’d bought in on Cisco in 2018, you could have made as much as a 55.6% profit. For 1,000 shares bought at $37.07/share in 2018, that’s a profit today of $20,588 and rising.
It’s not too late to get in on this goldmine, which is already up over 6% this week alone.
Don’t let the Wall Street professionals be the only ones to profit off this sanctuary stock.
This is your chance to earn your tech fortune.
