U.S Secretary Of State Blinken Has Had Conversations With Congress Including Senator Menendez On Sale Of F-16 Jets To Turkey
Portfolio Pulse from Benzinga Newsdesk
U.S Secretary of State Blinken has had discussions with Congress, including Senator Menendez, regarding the sale of F-16 jets to Turkey. The companies and ETFs potentially impacted by this news include General Dynamics (GD), SPDR S&P 500 ETF Trust (SPY), and iShares MSCI Turkey ETF (TUR).
July 11, 2023 | 6:04 pm
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POSITIVE IMPACT
General Dynamics, the manufacturer of F-16 jets, could benefit from the potential sale to Turkey.
As the manufacturer of F-16 jets, General Dynamics stands to benefit directly from any potential sale. This could lead to increased revenues and a potential boost in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust could see a minor impact due to its holdings in defense stocks like General Dynamics.
SPY, which tracks the S&P 500, could see a minor impact due to its holdings in defense stocks like General Dynamics. However, the impact is likely to be diluted due to the diversified nature of the ETF.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The iShares MSCI Turkey ETF could be impacted by the potential sale of F-16 jets to Turkey.
The potential sale of F-16 jets to Turkey could have implications for the country's defense sector, which could impact the iShares MSCI Turkey ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70