| 2017-08-12 13:45:47|
LMT, RTN… 13:45 08/12 08/12/17
Week in review: How Trump's policies moved stocks
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 Trump and his administration with this weekly recap compiled by The Fly: 1. DEFENSE SECTOR: Defense stocks rallied on Wednesday, a day after President Donald Trump warned that threats from North Korea "will be met with fire and fury." However, the rest of the market fell on concerns about increased geopolitical tensions in the area. Publicly traded companies in the sector include Lockheed Martin (LMT), Raytheon (RTN), Northrop Grumman (NOC) and L3 Technologies (LLL). 2. MISSILE DEFENSE: According to a report by Reuters, citing the company's VP of Air and Missile Defense business, Lockheed Martin is seeing a greater interest in missile defense systems as customers want to defend against potential incoming missile attacks amid a rise in North Korean long-range missile tests. Cahill said that interest in missile defense has increased over the last 12 to 18 months, which could result in sales in the coming years. Meanwhile, Baird analyst Peter Arment raised Raytheon's price target to $212 from $170 this week to reflect significant program wins both domestically and internationally for missile defense and missile systems that puts the company in position for favorable organic growth in 2018 and beyond. 3. BACK TO WORK, MITCH: On Thursday, President Trump tweeted, "Mitch, get back to work and put Repeal & Replace, Tax Reform & Cuts and a great Infrastructure Bill on my desk for signing. You can do it!" Hours later, in response to a question about whether Senate Majority Leader Mitch McConnell should step down, President Trump said, "If he doesn't get repeal and replace [of ObamaCare] done, and if he doesn't get taxes done, meaning cuts and reform, and if he doesn't get a very easy one to get done, infrastructure, if he doesn't get them done, then you can ask me that question," according to Fox News. Publicly traded companies in the health insurance space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.
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