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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Sydney Sweeney, a registered Republican, has the “HOTTEST” ad out there. It’s for American Eagle, and the jeans are “flying off the shelves.” Go get ‘em Sydney! On the other side of the ledger, Jaguar did a stupid, and seriously WOKE advertisement, THAT IS A TOTAL DISASTER! The CEO just resigned in disgrace, and the company is in absolute turmoil. Who wants to buy a Jaguar after looking at that disgraceful ad. Shouldn’t they have learned a lesson from Bud Lite, which went Woke and essentially destroyed, in a short campaign, the Company. The market cap destruction has been unprecedented, with BILLIONS OF DOLLARS SO FOOLISHLY LOST. Or just look at Woke singer Taylor Swift. Ever since I alerted the world as to what she was by saying on TRUTH that I can’t stand her (HATE!). She was booed out of the Super Bowl and became, NO LONGER HOT. The tide has seriously turned — Being WOKE is for losers, being Republican is what you want to be. Thank you for your attention to this matter!”
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 social media post could potentially boost American Eagle Outfitters’ stock as he praises Sydney Sweeney’s ad, which he claims is driving strong sales. Conversely, his criticism of Jaguar and Anheuser-Busch InBev for their ‘woke’ advertisements may negatively impact their stock prices due to perceived market backlash. The Vanguard Consumer Discretionary ETF and Consumer Discretionary Select Sector SPDR Fund could experience volatility as they are influenced by the performance of these companies within their portfolios.
Here are some of the stocks that might be affected:
American Eagle Outfitters ((AEO)),
Anheuser-busch Inbev ((BUD)),
Vanguard Consumer Discretionary ETF ((VCR)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).