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Factbox: Amazon is latest Trump target stock - effects usually short-lived

Reuters  |  NEW YORK 

By Chuck Mikolajczak

NEW YORK (Reuters) - U.S. singled out for criticism on Thursday after a roughly year-long hiatus from using his account to attack or praise individual companies.

The share prices of most of those companies immediately moved sharply up or down, depending on the content of Trump's comment, but the impact is generally short-lived.

Following is a list of companies or industries targeted in Trump's tweets, starting with the most recent:

Trump tweeted on Thursday that Amazon pays "little or no taxes to state and local governments," takes advantage of the has put many retailers out of business.

After falling as much as 4.6 percent early in the session, shares closed up 1.1 percent at $1,447.34 versus a 1.4 percent gain in the

DRUG COMPANIES

Trump sent a tweet on March 7, 2017 before the market opened that he was "working on a new system where there will be competition in the Drug Industry. Pricing for the American people will come way down!"

shares are up 3.3 percent since then, is down 18.1 percent, is down 5 percent and is up 7.5 percent.

Trump congratulated the company in a tweet after the closing bell on March 5, 2017 for an investment program that would create "45,000 construction & jobs in the region." Shares of the Dow component are down 9.5 percent since.

AUTOMOBILES NV

Trump applauded the company on on Jan. 9, 2017 for plans to invest in and plants. Its U.S.-listed shares have jumped nearly 95 percent since the tweet.

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Trump, who campaigned on promises to keep in the United States, tweeted on Jan. 5, 2017 that he would impose a fee if the Japanese automaker built its models for the U.S. market in Toyota's U.S.-listed shares are up 8.2 percent since.

Trump on Jan. 3, 2017 threatened a "big border tax" on GM for making its Chevy model in GM shares fell briefly in premarket trade following the tweets and recovered to finish the trading session up 0.9 percent. Shares of the automaker are up 3.4 percent since.

Trump tweeted on Dec. 12, 2016 that the U.S. defence company's fighter jet program was "out of control." Lockheed Martin shares fell 2.5 percent on the day of the tweet but are up 1.9 percent through Thursday's close.

In a Dec. 6, 2016 tweet, Trump criticized costs of the plane manufactured by the company. Shares of the Dow component have surged 115.4 percent since that time.

Trump tweeted on Nov. 24, 2016 about working on a deal with the Dow component to keep jobs at its Carrier unit in The stock has risen 7.6 percent since.

Shares are down 5.6 percent since Trump tweeted late on Nov. 17, 2016 that the company would keep jobs in

(Reporting by Chuck Mikolajczak; Editing by and Bill Rigby)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, March 30 2018. 03:46 IST
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