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Hot Stocks
08:21 EDT 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. JUNIOR'S EMAILS: On Tuesday, Donald Trump Jr. released emails that indicated he was offered information last year that would be incriminating to Democratic presidential candidate Hilary Clinton. The email communication was with Rob Goldstone, a British music publicist with Russian business clients and ties to the Miss Universe competition that was once owned by Donald Trump. Last year, Donald Trump Jr. replied to the prospect of incriminating evidence against Clinton: "If it's what you say I love it especially later in the summer." Before the New York Times published a copy of the emails, Trump Jr. tweeted: "To everyone, in order to be totally transparent, I am releasing the entire email chain of my emails with Rob Goldstone about the meeting on June 9, 2016." The U.S. markets briefly dipped after the emails were released, but recovered by the end of the day. 2. HEALTH BILL: The Senate's revised healthcare bill will retain two Obamacare taxes on the wealthy and retain its limit on corporate tax deductions for executive pay in the health insurance industry, Reuters reported earlier this week, citing a source. Publicly traded hospital operators include HCA Holdings (HCA), LifePoint (LPNT), Tenet Healthcare (THC), Community Health (CYH) and Quorum Health (QHC), and health insurance providers include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). 3. STEEL TARIFFS: On Wednesday, a report by The Wall Street Journal said the vast majority "of every living former chair of the White House Council of Economic Advisers" are advising Trump to hold back on the tariffs. The former CEA chairs are warning that the tariffs "would likely do harm" to U.S. relations with top steel producing ally nations major including Canada, Brazil, South Korea and Mexico, the publication noted. Imposing steel tariffs in the name of national security has been a focus for President Donald Trump since he took office and on Thursday Bloomberg reported that he would consider tariffs and quotas for steel. Companies that may be impacted by this include U.S. Steel (X), AK Steel (AKS), Nucor (NUE), Steel Dynamics (STLD), ArcelorMittal (MT), Alcoa (AA), and Century Aluminum (CENX). 4. CFTC COMMISSIONER: The White House is expected to nominate Russ Behnam to serve as a commissioner on the Commodity Futures Trading Commission as soon as this week, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Behnam currently works an aide for Senator Debbie Stabenow, who is the top Democrat on the Senate Agriculture Committee, which oversees the CFTC. Public traded companies in the financial sector include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). 5. BEEF INDUSTRY: On Wednesday, President Donald Trump tweeted an article by The Gazette, titled "After 14 years, U.S. beef hits Chinese markets. Trade deal an exciting opportunity for agriculture." Publicly traded companies in the sector include Kraft Heinz (KHC), Hormel Foods (HRL), ConAgra Foods (CAG), Tyson Foods (TSN), Leucadia National (LUK), Pilgrim's Pride (PPC), Seaboard (SEB), B&G Foods (BGS), Darling Ingredients (DAR), and Calavo Growers (CVGW). "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.
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