Week In Review: How Trump's Policies Moved Stocks -Saturday, Nov. 14

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:

U.S. INVESTMENT IN CHINESE COMPANIES: 

President Trump issued an executive order stating that he finds "that the People's Republic of China is increasingly exploiting United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses."

The order prohibits "any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company" by any United States person as of January 11, 2021. The term "Communist Chinese military company" is defined in the order as "any person that the Secretary of Defense has listed as a Communist Chinese military company operating directly or indirectly in the United States or in any of its territories or possessions...until such time as the Secretary of Defense removes such person from such list."

The order does not name any specific companies, but a report from Reuters said telecoms firms China Telecom (CHA) and China Mobile (CHL) and surveillance equipment maker Hikvision could be included on the U.S. list.

EU TO IMPOSE TARIFFS ON BOEING JETS

The European Union intends to slap tariffs on $3.99B of Boeing aircraft (BA) and other U.S. goods annually as part of a long-running trade conflict, The Wall Street Journal reported. The bloc had delayed imposing such tariffs since the WTO ruled in its favor on October 13, preferring not to move forward with levies before the U.S. election, but officials have opted to make the move while President Trump is still in office, authors Laurence Norman and Daniel Michaels noted. "I think we have been very clear on all occasions that our preference is for a negotiated settlement. So as soon as the U.S. is willing to drop their tariffs, we are willing to drop our tariff," EU Trade Commissioner Valdis Dombrovskis told the Journal in an interview.

TRUMP AIMING TO CHALLENGE FOX NEWS 

President Donald Trump has told friends he wants to start a digital media company to challenge Fox News (FOXA), according to Axios' Mike Allen, citing sources. "He plans to wreck Fox. No doubt about it," a source with knowledge of Trump's intentions is quoted by Allen as having said. Trump is considering a digital media channel that would stream online, which would be cheaper and faster to start than a traditional cable network, the report added.

SUPREME COURT UNLIKELY TO TOPPLE ACA

The Supreme Court appeared likely to uphold the Affordable Care Act for the third time in eight years, USA Today's Richard Wolf reported on November 10. After upholding the health care law in 2012 and 2015, the court was faced with a new Republican challenge stemming from Congress' elimination in 2017 of the tax imposed on consumers who refuse to buy health insurance. Since the law originally was upheld as a tax, challengers argued it became unconstitutional without one, the author noted.

Publicly traded companies in the health insurance space include Anthem (ANTM), CVS Health (CVS), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).

ELECTION MISINFORMATION PAGES

Facebook (FB) has taken down a series of pages linked to former Trump advisor Steve Bannon after nonprofit organization Avaaz flagged them as spreading and artificially amplifying election-related misinformation under the "Stop The Steal" moniker, The Verge's Adi Robertson reported. Facebook confirmed to The New York Times earlier this week that it pulled "several clusters of activity" late last week "for using inauthentic behavior tactics to artificially boost how many people saw their content," the publication said.

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

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