Trump Trade: President says U.S. planning to sell F-35 jets to Saudi Arabia

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.

F-35 FIGHTER JETS: President Donald Trump said the U.S. would sell F-35 fighter jets to Saudi Arabia, offering Crown Prince Mohammed bin Salman a prize he’s long cherished — even though many obstacles remain before he gets the stealthy planes, Bloomberg’s Skylar Woodhouse reports. “I will say that we will be doing that — we’ll be selling F-35s,” Trump said when asked about the sales Monday at the White House. He called Saudi Arabia a “great ally.” Shares of Lockheed Martin (LMT), which makes the planes, were up by as much as 1.1% after Trump’s remarks, the publication notes.

HEALTH INSURANCE: President Donald Trump stated earlier in a Truth Social post, “THE ONLY HEALTHCARE I WILL SUPPORT OR APPROVE IS SENDING THE MONEY DIRECTLY BACK TO THE PEOPLE, WITH NOTHING GOING TO THE BIG, FAT, RICH INSURANCE COMPANIES, WHO HAVE MADE $TRILLIONS, AND RIPPED OFF AMERICA LONG ENOUGH. THE PEOPLE WILL BE ALLOWED TO NEGOTIATE AND BUY THEIR OWN, MUCH BETTER, INSURANCE. POWER TO THE PEOPLE! Congress, do not waste your time and energy on anything else. This is the only way to have great Healthcare in America!!! GET IT DONE, NOW. President DJT” Publicly traded companies in the health insurance space include CVS Health (CVS), Centene (CNC), Cigna (CI), Elevance Health (ELV), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH).

SMALL REFINERY EXEMPTIONS: UBS raised the firm’s price target on Delek US (DK) to $42 from $31 and kept a Neutral rating on the shares. Delek US is one of the biggest beneficiaries of Small Refinery Exemptions, and the company should continue to get full exemptions for at least two refining assets under the Trump administration, the firm tells investors in a research note.