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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congresswoman Laurel Lee is an incredible Representative of Florida’s 15th Congressional District! Laurel served as Florida’s Secretary of State for three years, and delivered strong results for families, and businesses. In Congress, Laurel is fighting tirelessly to Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Ensure American Energy DOMINANCE, Keep our now very Secure Border, SECURE, Champion Innovation, Strengthen our Great Military/Veterans, and Protect our always under siege Second Amendment. Laurel Lee has my Complete and Total Endorsement — SHE WILL NOT LET YOU DOWN!”
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 Congresswoman Laurel Lee, highlighting her focus on American energy dominance and military strength, could positively influence stocks like Chevron and Exxon Mobil Corp. due to potential favorable policies for the energy sector. Lockheed Martin and the iShares U.S. Aerospace & Defense ETF might see a boost from her commitment to strengthen the military and veterans. Additionally, the Industrial Select Sector SPDR Fund and Energy Select Sector SPDR Fund could benefit from her emphasis on promoting ‘Made in the U.S.A.’ and cutting regulations.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Lockheed Martin ((LMT)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)),
iShares U.S. Aerospace & Defense ETF ((ITA)).