Shares of metals stocks are trading higher following the attempted assassination of Donald Trump, which has lifted stocks that could potentially benefit from a Trump presidency on Monday. During his presidency, Trump raised tariffs on steel and aluminum.
Portfolio Pulse from Benzinga Newsdesk
Shares of metals stocks are trading higher following the attempted assassination of Donald Trump, which has lifted stocks that could potentially benefit from a Trump presidency. During his presidency, Trump raised tariffs on steel and aluminum.
July 15, 2024 | 3:27 pm
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POSITIVE IMPACT
Alcoa Corporation (AA) shares are trading higher due to speculation that a Trump presidency could lead to favorable tariffs on aluminum.
Alcoa Corporation could benefit from potential tariffs on aluminum, similar to those imposed during Trump's previous presidency.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Century Aluminum Company (CENX) shares are trading higher as investors anticipate potential benefits from a Trump presidency, including tariffs on aluminum.
Century Aluminum could see positive impacts from potential tariffs on aluminum, similar to those during Trump's previous term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nucor Corporation (NUE) shares are trading higher due to speculation that a Trump presidency could lead to favorable tariffs on steel.
Nucor Corporation could benefit from potential tariffs on steel, similar to those imposed during Trump's previous presidency.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Steel Dynamics, Inc. (STLD) shares are trading higher as investors anticipate potential benefits from a Trump presidency, including tariffs on steel.
Steel Dynamics could see positive impacts from potential tariffs on steel, similar to those during Trump's previous term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
United States Steel Corporation (X) shares are trading higher due to speculation that a Trump presidency could lead to favorable tariffs on steel.
United States Steel Corporation could benefit from potential tariffs on steel, similar to those imposed during Trump's previous presidency.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80