President Biden Says Confident That U.S. Will Be Able To Sell F16s To Turkey
Portfolio Pulse from Benzinga Newsdesk
President Biden has expressed confidence that the U.S. will be able to sell F16s to Turkey. This could potentially impact the stocks of General Dynamics (GD), SPDR S&P 500 ETF (SPY), and iShares MSCI Turkey ETF (TUR).
July 12, 2023 | 5:56 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF could see a minor impact from the potential sale of F16s to Turkey.
As an ETF that tracks the S&P 500, SPY could see a minor impact from the potential sale of F16s to Turkey. However, given the broad nature of the ETF, any impact is likely to be diluted.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The iShares MSCI Turkey ETF could be impacted by the potential sale of F16s to Turkey.
As an ETF that tracks the performance of Turkish stocks, TUR could be impacted by the potential sale of F16s to Turkey. However, the exact impact is uncertain and would depend on a variety of factors, including the specifics of the deal and the reaction of the Turkish stock market.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
General Dynamics could potentially benefit from the sale of F16s to Turkey.
As a major defense contractor, General Dynamics could see a boost in their stock price if the sale of F16s to Turkey goes through. This is because the sale would likely result in increased revenues for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80