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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Congressman Joe Wilson, who has been with us from the very beginning, is a Tremendous Champion of South Carolina’s 2nd Congressional District! A retired Colonel from the South Carolina Army National Guard, and Member of the House Armed Services Committee, Joe knows the Wisdom and Courage that is required to Defend our Country, Support our Incredible Military/Veterans, and Champion PEACE THROUGH STRENGTH. In Congress, Joe is working hard to Keep our now very Secure Border, SECURE, Stop Migrant Crime, Ensure LAW AND ORDER, Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Champion American Energy DOMINANCE, Advance Election Integrity, and Defend our always under siege Second Amendment. Joe Wilson has my Complete and Total Endorsement for Re-Election — 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 Donald Trump’s endorsement of Congressman Joe Wilson, emphasizing defense and energy policies, could positively influence stocks related to defense and energy sectors. Companies like General Dynamics, Lockheed Martin, and Northrop Grumman Corp., as well as ETFs such as Invesco Aerospace & Defense ETF and iShares U.S. Aerospace & Defense ETF, may see increased investor interest due to the focus on military support and American energy dominance. The emphasis on ‘Made in the U.S.A.’ and economic growth could also bolster the Energy Select Sector SPDR Fund and Vanguard Energy ETF.
Here are some of the stocks that might be affected:
General Dynamics ((GD)),
Lockheed Martin ((LMT)),
Northrop Grumman Corp. ((NOC)),
Energy Select Sector SPDR Fund ((XLE)),
Vanguard Energy ETF ((VDE)),
Invesco Aerospace & Defense ETF ((PPA)),
SPDR S&P Aerospace & Defense ETF ((XAR)),
iShares U.S. Aerospace & Defense ETF ((ITA)).