Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly:
1. CANADIAN LUMBER: On Monday, the Trump administration announced that it will impose new tariffs on Canadian softwood lumber imports. According to media reports, the Commerce Department determined that the neighboring country had been improperly subsidizing the sale of softwood lumber products to the U.S. The tariffs are expected to be between 3%-24%, with penalties being collected retroactively on imports dating back 90 days. Publicly traded companies in the lumber and homebuilding supply space include Rayonier (RYN), Lumber Liquidators (LL), Deltic Timber (DEL), Weyerhaeuser (WY), Norbord (OSB), Potlatch (PCH) and Universal Forest Products (UFPI).
2. ALUMINUM: Earlier this week, the Trump administration launched an investigation into whether a flood of aluminum imports from China and elsewhere is compromising national security, which could lead to broad import restrictions on the metal. Publicly traded companies in the aluminum space include Alcoa (AA), Kaiser Aluminum (KALU) and Century Aluminum (CENX).
3. NET NEUTRALITY: On Wednesday, new FCC chairman Ajit Pai confirmed that he is proposing to roll back net neutrality rules that prohibit broadband providers from giving or selling access to certain internet services over others. Potential stakeholders in net neutrality include Netflix (NFLX), Facebook (FB), Amazon (AMZN), Alphabet (GOOG), Comcast (CMCSA), Verizon (VZ) and AT&T (T).
4. HEALTH CARE SECTOR: Also on Wednesday, the House Freedom Caucus announced it will support an amended plan to replace the Affordable Care Act. According to CNBC, the Freedom Caucus said its members would support the plan if it includes the MacArthur amendment, which would allow states to waive some key Obamacare provisions. Publicly traded companies in the hospital and healthcare insurance space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC), Universal Health (UHS), Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).
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