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Pro Analysis

Apple is the tech stock most at risk from Trump's policies, Deutsche Bank says

Donald Trump
Ian MacNicol | Getty Images
Donald Trump

Deutsche Bank analyst Sherri Scribner warned investors Apple may be among the hardest hit technology stocks from President-elect Donald Trump's policy agenda.

"The surprise outcome of the recent U.S. Presidential election has brought uncertainty to tech stocks ... Changes in trade policies would be negative, particularly with China, given a significant portion of technology products are manufactured there," Scribner wrote in a note to clients Monday.

"If Trump follows through on his campaign rhetoric to heavily tax manufactured products that come into the U.S., Apple and EMS companies are the most likely to be negatively impacted."

One tech stock may actually benefit from Trump, the analyst added.