After President Trump made some public comments in front of the press ahead of his meeting with automaker CEOs, shares of General Motors (GM - Free Report) , Ford Motors (F - Free Report) , and Fiat Chrysler are gaining on Tuesday.
Investors seem to be reacting to the president’s promises related to relaxing environmental regulations and making it easier for domestic carmakers to operate in the United States. Trump also talked about lowering taxes for businesses.
Interestingly enough, President Trump described himself as an “environmentalist” but said that it has gotten “out of control.”
“We want regulations, but we want regulations that mean something,” Trump said.
The CEOs talked to the press following the hour-long meeting, and the mood among the group was optimistic. Ford CEO Mark Fields, who celebrated his 56th birthday today, said that President Trump is “very focus” on investment and jobs in America.
Previously, Trump has been critical of these carmakers for being too eager to move manufacturing abroad. The president has especially critiqued companies who have moved their plants to Mexico under NAFTA. In his first few days as POTUS, Trump has already promised to renegotiate NAFTA, but none of the CEOS commented about specific discussions related to the free trade agreement.
As of 11:41 p.m. EST, shares of F were up 1.67% to $12.52, FCAU was up 5.93% to $10.89 per share, and GM was up 1.42% to $37.18 per share.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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After President Trump made some public comments in front of the press ahead of his meeting with automaker CEOs, shares of General Motors (GM - Free Report) , Ford Motors (F - Free Report) , and Fiat Chrysler are gaining on Tuesday.
Investors seem to be reacting to the president’s promises related to relaxing environmental regulations and making it easier for domestic carmakers to operate in the United States. Trump also talked about lowering taxes for businesses.
Interestingly enough, President Trump described himself as an “environmentalist” but said that it has gotten “out of control.”
“We want regulations, but we want regulations that mean something,” Trump said.
The CEOs talked to the press following the hour-long meeting, and the mood among the group was optimistic. Ford CEO Mark Fields, who celebrated his 56th birthday today, said that President Trump is “very focus” on investment and jobs in America.
Previously, Trump has been critical of these carmakers for being too eager to move manufacturing abroad. The president has especially critiqued companies who have moved their plants to Mexico under NAFTA. In his first few days as POTUS, Trump has already promised to renegotiate NAFTA, but none of the CEOS commented about specific discussions related to the free trade agreement.
As of 11:41 p.m. EST, shares of F were up 1.67% to $12.52, FCAU was up 5.93% to $10.89 per share, and GM was up 1.42% to $37.18 per share.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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