Trump Trade: Intel rises after President touts ‘great meeting’ with CEO

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.

GREAT MEETING: Shares of Intel (INTC) were up after President Donald Trump posted the following on Truth Social yesterday afternoon, “I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan. Intel just launched the first SUB 2 NANOMETER CPU PROCESSOR designed, built, and packaged right here in the U.S.A. The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens of Billions of Dollars for the American People – IN JUST FOUR MONTHS. We made a GREAT Deal, and so did Intel. Our Country is determined to bring leading edge Chip Manufacturing back to America, and that is exactly what is happening!!!”

PACT WITH U.S. GOVERNMENT: Johnson & Johnson (JNJ) announced a voluntary agreement with the Trump Administration to “improve access to medicines and lower costs for millions of American patients.” The joint agreement meets the requests laid out by President Trump to the industry and provides the Company’s pharmaceutical products an exemption from tariffs. “Today’s agreement shows that when the public and private sectors work together towards shared goals, we can deliver real results for patients and the U.S. economy,” said Joaquin Duato, Chairman and Chief Executive Officer, Johnson & Johnson.

“I’m proud that Johnson & Johnson is answering President Trump’s call to lower drug prices for everyday Americans while maintaining our role in improving and saving lives and ensuring that the United States continues to lead the world in healthcare innovation.” Johnson & Johnson is working with the Trump Administration to improve access to medicines and lower costs for millions of American patients. The company is: Participating in TrumpRx.gov, a direct to patient platform; Enabling American patients to access medicines at comparable prices to other developed countries; Providing Medicaid program access at comparable prices to other developed countries, and Continuing to support the Administration’s efforts to “ensure better recognition of the value of health care across developed markets globally.”

MORTGAGE BONDS: President Trump said on social media, “Biden ignored the Housing Market, and instead was immersed with High Crime, Open Borders, runaway INFLATION, the Afghanistan Disaster, and a Military that he left in Chaos and Confusion. Everything was broken, but I, as President of the United States, have already fixed it! Now, I am giving special attention to the Housing Market. Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against the advice of the “experts,” it is now worth many times that amount – AN ABSOLUTE FORTUNE – and has $200 BILLION DOLLARS IN CASH. Because of this, I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable.” Shares moving higher following the post include Opendoor Technologies (OPEN), Offerpad Solutions (OPAD), Zillow Group (ZG), UWM Holdings (UWMC) and Rocket Companies (RKT).