Trump’s Endorsement of Lombardo: Implications for Energy and Healthcare Stocks

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“Joe Lombardo is the strong and very popular Governor of Nevada, a very special place to me in that we had a BIG Presidential Election Win just one year ago, November 5, 2024! As the former Sheriff of Clark County, and brave U.S. Army Veteran, Joe strongly supports our incredible Law Enforcement, Military, and Veterans, and knows the Wisdom and Courage it takes to Promote LAW AND ORDER. As Governor, he is fighting tirelessly to Grow the Economy, Cut Taxes and Regulations, Ensure NO TAX ON TIPS, Advance MADE IN THE U.S.A., Unleash American Energy DOMINANCE, Provide Access to Affordable Health Care, Champion School Choice, Keep our now very Secure Border, SECURE, Stop Migrant Crime, and Defend our always under siege Second Amendment. Joe Lombardo is SMART, STRONG, AND TOUGH, and has my Complete and Total Endorsement for Re-Election — HE 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 Governor Joe Lombardo emphasizes policies that could positively impact the stock market, particularly for energy and healthcare sectors. His focus on ‘Unleash American Energy DOMINANCE’ suggests potential growth for companies like Chevron and Exxon Mobil Corp., while the emphasis on ‘Provide Access to Affordable Health Care’ could influence the Health Care Select Sector SPDR Fund. Additionally, the overall economic growth agenda may boost the Energy Select Sector SPDR Fund as regulatory cuts and tax incentives are likely to favor energy investments.

Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Health Care Select Sector SPDR Fund ((XLV)),
Energy Select Sector SPDR Fund ((XLE)).