Biden To Address Nation On Decision To Exit 2024 Presidential Race, Outline Goals For Remaining 6 Months
Portfolio Pulse from Michael Juliano
President Joe Biden will address the nation on Wednesday night to discuss his decision to exit the 2024 presidential race and outline his goals for the remaining six months of his term. He will focus on both foreign and domestic policies, including securing a hostage deal in the Middle East. ETFs covering defense stocks may see movement based on his comments.
July 24, 2024 | 5:29 pm
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POSITIVE IMPACT
iShares U.S. Aerospace & Defense ETF (ITA) may experience price movement based on President Biden's comments on Middle East peace talks during his address.
Biden's focus on securing a hostage deal in the Middle East could impact defense stocks, leading to potential price movement for ITA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco Aerospace & Defense ETF (PPA) could see price changes following President Biden's address, particularly if he discusses Middle East peace efforts.
Comments on Middle East peace talks by Biden may influence defense stocks, affecting PPA's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SPDR S&P Aerospace & Defense ETF (XAR) may be impacted by President Biden's address, with potential price movement based on his Middle East peace talk comments.
Biden's discussion on Middle East peace efforts could lead to price changes in defense stocks, including XAR.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80