Better U.S.-China Tariff Deal Buy: Amazon vs Nvidia

Over the past couple of months, one particular element has guided stock market movement, and that's President Trump's import tariff plan. Trump set out a broad framework early last month, including double-digit tariffs on countries worldwide and a tariff on China that reached 145%, and that sent stocks spiraling lower. The concern was high tariff levels would weigh on the economy and even lead to a recession. That wouldn't be good news for corporate earnings or share prices.But, when Trump halted the plan for 90 days to allow for negotiations with countries, indexes rebounded. And just this week as the U.S. and China reached an initial deal that greatly lowered tariff levels, the three major indexes soared. The S&P 500 even moved into positive territory for the year after earlier falling as much as 15%.Among the biggest gainers in the market were tech stocks. Though Trump has exempted electronics for now, he indicated duties specifically for these products were on the way -- and tech companies rely heavily on manufacturing abroad. So, a satisfactory trade deal between the U.S. and China suggests any tariffs on electronics also would be manageable. Against this backdrop, let's consider which of the following market leaders -- Amazon (NASDAQ: AMZN) or Nivida (NASDAQ: NVDA) -- make the better buy today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool