At The Hill by Peter Schroeder
Companies well -versed in navigating legislative and regulatory hurdles
are increasingly finding their stock price under assault from
A growing willingness by politicians to call out
particular companies — and for traders to seize on those comments to try
and turn a profit — has created wild stock swings in recent months.
Nowhere has the phenomenon been seen more clearly than with Donald Trump.
The president-elect has relished in his ability to directly challenge
companies in a very public way, most often through Twitter.
On Dec. 6, Trump picked a fight with Boeing, saying he wanted to cancel a
contract with the manufacturer to deliver a brand new Air Force One in
the coming years because costs were “out of control,” exceeding $4
Boeing quickly responded that is only has a $170 million
government contract to plan for new planes, and the company’s CEO
contacted Trump directly to hash things out.