Trump’s Endorsement of Tom Tiffany: Potential Tailwinds for Energy, Defense, Industrials and Firearms Stocks

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

“Highly Respected America First Congressman, Tom Tiffany, is running to be the next Governor of the GREAT State of Wisconsin, a very special place to me in that we had a BIG Presidential Election Win just over one year ago, on November 5, 2024!

I endorsed Tom for Congress early and strong, and he won, BIG. Likewise, he has always been at my side. A very successful Businessman, Family Farmer, and State Legislator, prior to becoming a distinguished United States Congressman, Tom is a Proven Leader who has dedicated his life to serving his Community. As your next Governor, Tom will continue to work tirelessly to Grow the Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Champion American Energy DOMINANCE, Keep our Border SECURE, Stop Migrant Crime, Ensure LAW AND ORDER, Strengthen our Brave Military/Veterans, Advance Election Integrity, Advocate for the Working Men and Women of Wisconsin, and Protect our always under siege Second Amendment. He will fight to advance Common Sense Values, and put WISCONSIN, AND AMERICA, FIRST.

Tom Tiffany has my Complete and Total Endorsement to be the next Governor of Wisconsin — HE WILL NEVER 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 Trump’s strong endorsement of Tom Tiffany on an explicitly pro–energy, pro–defense, and pro–manufacturing platform could create a modest positive sentiment bias for industrial, energy, defense, and firearms names seen as potential beneficiaries of deregulatory, “America First,” and Second Amendment–friendly policies (e.g., CAT, HON, LMT, NOC, RTX, SWBI, RGR, XLE, VDE, OIH, PPA, ITA, XLI, VIS, XAR). Energy majors and services (CVX, XOM, XLE, VDE, OIH) may see incremental speculative interest tied to promises of “American Energy DOMINANCE” and lighter regulation, while defense ETFs and contractors (LMT, NOC, RTX, ITA, XAR, PPA, XAR, XLI-linked aerospace names) could benefit from rhetoric about strengthening the military and border security. Conversely, any move toward stricter immigration controls and culture-war politics could add volatility to consumer-exposed names with Wisconsin exposure (e.g., HOG and broad consumer ETFs like XLY, VCR), though the overall market impact should be limited and more sentiment-driven than fundamental in the short term.

Here are some of the stocks that might be affected:
Caterpillar ((CAT)),
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Harley-Davidson ((HOG)),
Honeywell International ((HON)),
Lockheed Martin ((LMT)),
Northrop Grumman Corp. ((NOC)),
Smith & Wesson Brands, Inc. ((SWBI)),
Sturm, Ruger & Company, Inc. ((RGR)),
Rtx Corporation ((RTX)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
Energy Select Sector SPDR Fund ((XLE)),
Vanguard Consumer Discretionary ETF ((VCR)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
Invesco Aerospace & Defense ETF ((PPA)),
SPDR S&P Aerospace & Defense ETF ((XAR)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)),
iShares U.S. Aerospace & Defense ETF ((ITA)),
iShares U.S. Industrials ETF ((IYJ)).