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This is the reason to get rid of the shares of Nike and Apple now

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The president of the consulting firm Strategic Wealth Partners, Mark Tepper, explained in an interview with the CNBC network why now is the time to get rid of the shares of Nike and Apple.

According to the expert, the tensions that are experienced in relations between the US and China will leave their mark on the value of these two giants of the North American country.

“China is the 20% source of revenue for the two companies and I think people now have to think about how to potentially manage the risk of these positions and possibly cut them,” he said in the interview.

And it is that despite the fact that Apple experienced an increase in the price of its shares and its efforts to focus more on offering services, the Cupertino company continues to depend heavily on the sales of its cell phones in China.

At the same time, in the case of Nike, the problems have to do not only with the demand for its products. And it is that apart from generating a large part of their income in the Asian country, 23% of their footwear is manufactured there. This poses a problem, related to tariffs, Tepper said.

“The two companies are good and belong to a lot of people, but I think you have to be smart, you have to manage risk, and it might make sense to cut [their shares],” the expert concluded.

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