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FACTBOX-Company shares mostly able to recover from Trump tweets
February 8, 2017 / 5:24 PM / 9 months ago

FACTBOX-Company shares mostly able to recover from Trump tweets

 (Adds Nordstrom share price is higher; adds details on Rexnord,
Toyota)
    Feb 8 (Reuters) - President Donald Trump's tweets on various
companies have drawn much attention, but with the Dow       ,
S&P 500        and Nasdaq at or near record levels, the impact
on the shares of those companies has been mostly short-lived.
    Following is a list of companies targeted in Trump's tweets:
    
    Nordstrom Inc        : The most recent tweet from Trump on
Wednesday was a departure from his prior criticisms in that it
related to his daughter Ivanka's business dealings and not his
political agenda. Trump said his daughter had been treated
"unfairly" by the company, which media outlets reported last
week was winding down its relationship with Ivanka's brand.
             Shares of Nordstrom dropped 0.7 percent and spiked
in volume in a one-minute span on Wednesday but were last up 1.5
percent at a session high of $43.42 in early afternoon.
    
    Rexnord Corp        : Trump targeted the company in a Dec. 2
tweet for "moving to Mexico and rather viciously firing all of
its 300 workers." The stock shed 1.1 percent in the following
session but is up nearly 12 percent since the tweet and closed
at a 9-1/2 month high on Tuesday. 
    
    Boeing Co       : The Dow component was targeted by Trump in
a Dec. 6 tweet that criticized costs for the Air Force One plane
manufactured by the company. Shares closed that session little
changed and have since jumped more than 9 percent through
Tuesday's close. 
    
    United Technologies Corp        : Trump tweeted on Nov. 24 
about working on a deal with the Dow component to keep jobs at
its Carrier unit in Indiana. Shares gained 0.6 percent in the
session following the Thanksgiving holiday and have advanced 2.9
percent through Tuesday.
    
    Lockheed Martin Corp        : Trump on Dec. 12 tweeted about
the U.S. defense company's F-35 fighter jet program, calling it
"out of control." Lockheed Martin shares fell 2.5 percent on the
day of the tweet, but have recovered somewhat since and were
down 1.2 percent since as of Monday's close. Lockheed Martin has
outperformed the NYSE Arca Defense index        , which has
fallen 3.7 percent over the same time frame. 
    
    General Motors Co       : Trump on Jan. 3 threatened a "big
border tax" on GM for making its Chevy Cruze model in Mexico.
GM's shares fell briefly in premarket trade following the tweets
but have since gained only 0.7 percent as disappointment in the
automaker's quarterly earnings on Tuesday dragged shares down
nearly 5 percent.               

    Ford Motor Co       : Shares are up about 4 percent since
Trump tweeted on Nov. 17 the company would keep jobs in
Kentucky. 
    
    Fiat Chrysler                    : Trump applauded the
company on Twitter on Jan. 9 for plans to invest in Michigan and
Ohio plants. U.S.-listed shares of the stock are down more than
1 percent since, including a drop of nearly 5 percent on Tuesday
after French investigators referred the company for possible
prosecution over emissions.              
    
    Toyota Motor Co                : In response to the
automaker's plan to build its Corolla cars in Mexico, Trump
tweeted on Jan. 5, "NO WAY! Build plant in U.S. or pay big
border tax," which sent shares down 0.6 percent on the session.
U.S.-listed shares of the stock are down 6.6 percent since.    

    
 (Reporting by Chuck Mikolajczak and Caroline Valetkevitch in
New York; Editing by Matthew Lewis)
  

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