Week In Review: How Trump's Policies Moved Stocks - Saturday April 20th

Trump urges Boeing to fix and rebrand 737 Max, China likely to lift ban on U.S. poultry

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 and his administration with this weekly recap compiled by The Fly:

1. BOEING: President Trump has urged Boeing (BA) to fix and "rebrand" its 737 MAX jetliner following two fatal crashes, saying via Twitter on Monday that, "What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. No product has suffered like this one. But again, what the hell do I know?"

2. U.S.-CHINA TRADE TALKS: China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork amid its supply deficit, but it is not willing to allow prohibited growth drug ractopamine to be used in roughly half the U.S. hog herd, Chris Prentice and Tom Polansek of Reuters reported, citing two sources with knowledge of the negotiations. China's negotiators have resisted lifting the ractopamine restriction even though Beijing may boost imports of U.S. pork as its own hog herd has seen big losses from the African swine fever, sources told Reuters. Publicly traded companies in the poultry space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN).

3. LUMBER TARIFFS: Canada's foreign minister Chrystia Freeland said that the country intends to appeal last week's decision by a WTO panel to let the U.S. use "zeroing" to calculate lumber anti-dumping tariffs, Reuters' Steve Scherer reported. "We firmly believe that the U.S. duties on Canadian softwood lumber are unfair and unwarranted," Freeland said. "That is why we are challenging these duties at the WTO and under NAFTA." Publicly traded companies in the space include West Fraser Timber (WFTBF), Interfor (IFSPF) and Canfor (CFPZF).

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Barry Hochhauser 1 year ago Member's comment

Of course #Trump is right about #Boeing. But it's just common sense. I always assumed that's always what Boeing would do with the #737Max. $BA