Should Donald Trump get his way, Fortune 500 companies stand to benefit from a one-time repatriation tax rate of 10%, which represents a 70% discount.
With billions in cash stockpiled overseas, Apple (AAPL) , Microsoft (MSFT) , Citigroup (C) , Oracle (ORCL) and Amgen (AMGN) stand to benefit from enormous tax savings if the president creates a corporate tax holiday.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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