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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“It is great to see Andrej Babis appointed again as Prime Minister of the Czech Republic. Together, we will once again achieve Great Success on Defense, Energy, and Illegal Immigration — Just as we have done during our First Terms in Office. Andrej knows how to get Deals done, and I expected incredible things from him, including on F-35s. Congratulations Andrej!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s endorsement of Andrej Babis as Prime Minister of the Czech Republic could positively influence the stock prices of defense companies like Lockheed Martin, General Dynamics, and Northrop Grumman Corp. due to potential increased defense deals, including F-35s. Additionally, the Energy Select Sector SPDR Fund and aerospace and defense ETFs such as SPDR S&P Aerospace & Defense ETF and iShares U.S. Aerospace & Defense ETF may experience heightened investor interest and volatility as markets anticipate policy shifts in defense and energy sectors.
Here are some of the stocks that might be affected:
General Dynamics ((GD)),
Lockheed Martin ((LMT)),
Northrop Grumman Corp. ((NOC)),
Energy Select Sector SPDR Fund ((XLE)),
SPDR S&P Aerospace & Defense ETF ((XAR)),
iShares U.S. Aerospace & Defense ETF ((ITA)).