Another day, another market-moving tweet from Donald Trump.
Moments ago, the president-elect, following up on his recent spat with Lockheed over the F-35, which one week ago Trump said its “program and cost is out of control”, continued his crusade on over-budget government programs, when he tweeted that “based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!“
Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!
— Donald J. Trump (@realDonaldTrump) December 22, 2016
The immediate kneejerk response has been to send Boeing stock higher, while LMT has slide over 1% in the after hours, as Trump once again moves stocks with his tweets.
via http://ift.tt/2hhGxwc Tyler Durden