Trump’s Social Media Critique: Potential Impact on Media Stocks and ETFs

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

“I knew Al Sharpton for many years, not that it matters, but he was a major “TRUMP” fan. He’d ask me to go to his fake Rallies all the time, because I brought BIG Crowds, and he couldn’t get anybody to come without me. Then he did the Tawana Brawley Hoax, one of the worst Low Level Scams in History, and that set him back, BIG TIME! Then he got to know Brian Roberts, Chairman of Fake News NBC, who gave him what would become one of the Lowest Rated Shows in Television History. Roberts is afraid to take him off because it wouldn’t be “Politically Correct.” This is just one of the many reasons that the Federal Communications Commission should look into the license of NBC, which shows almost exclusively positive Democrat content. Likewise, ABC Fake News — About the same thing, 97% negative to Republicans!”

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 criticism of NBC and ABC, and his suggestion for the FCC to investigate NBC’s license, could lead to increased volatility in the stock prices of Comcast Corp (NBC’s parent company) and Walt Disney Company (ABC’s parent company). This scrutiny might create uncertainty around these companies, potentially impacting investor confidence and affecting the Vanguard Communication Services ETF and Communication Services Select Sector SPDR Fund, both of which hold significant positions in these media giants. Investors might react to potential regulatory risks and perceived political bias, influencing market sentiment and stock performance.

Here are some of the stocks that might be affected:
Comcast Corp ((CMCSA)),
Walt Disney Company ((DIS)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).