Tariffs could be bad news for these tech stocks

Here's which tech companies could soon be caught in the tariff crossfire.

Transcript

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.