President Trump: ‘American Business is Hot Again!’
$JPM, $FCAU, $SPY, $QQQ, $DIA
- Optimism Among Small-Business Owners Soars on the Trump Effect
Early Saturday, US President Donald Trump lauded the economy in a Tweet that pointed out Friday’s stock market report while announcing that “jobs are coming back to America.”
” Yesterday was a big day for the stock market,” the President posted.
“Jobs are coming back to America. Chrysler is coming back to the USA, from Mexico and many others will follow. Tax cut money to employees is pouring into our economy with many more companies announcing. American business is hot again!”
Thursday, Fiat Chrysler Automobiles (NYSE:FCAU) America’s #1 performer in the auto sector. announced that it will invest $1-B in a Michigan truck factory and send $2,000 bonus checks to 60,000 United States workers.
In addition, the company plans to spend more than $1-B and add 2,500 jobs at a factory near Detroit, where it will produce the heavy-duty Ram pickup trucks it had been making in Mexico.
The Italian-American automaker will re-purpose its Mexico plant to build commercial vehicles, the company said.
In addition, on Friday, the S&P 500 and NAS Comp both registered the 8ht record-closing highs out of the 1st 9 trading days of Y 2018, with the DJIA marking its sixth closing high of the year.
JPMorgan (NYSE:JPM) the biggest US lender by assets, said the tax overhaul legislation passed in December will help future profits by reducing its tax bill and stimulating more business. The bank’s shares rose 1.7%.
The Trump Effect continues its strong momentum, so goes January, so goes the year.
America First and MAGA
Have a terrific weekend.
Latest posts by Paul Ebeling (see all)
- The Street’s Key Stock Analysts Research Reports - December 11, 2018
- Gold Up, USD Down, Stocks Falling + Commodities - December 11, 2018
- US, China Map the Path to Trade Dispute Resolution - December 11, 2018