Who's Next? 4 Other Stocks Open To Trump Tweet Risk

President-elect Donald Trump's campaign of promising government contracts are fulfilled at reasonable costs to taxpayers continued Monday. After blasting Boeing Co BA for the $4 billion price tag attached to the manufacturing of the new Air Force One fleet, Trump on Monday turned his attention to Lockheed Martin Corporation LMT and its F-35 fighter jet program.

Trump tweeted that the F-35 program and associated cost is "out of control." He added, "Billions of dollars can and will be saved on military (and other) purchases after January 20th."

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Trump's tweet resulted in a more than 4 percent decline in Lockheed Martin's stock. Perhaps more importantly to the American taxpayers, the tweet also caught the attention of the company's leadership team.

As noted by CNBC, Lockheed said it will welcome "the opportunity to address any questions the president-elect has about the program."

"Since the beginning, we have invested hundreds of millions of dollars to reduce the price of the airplane by about 70 percent since its original costing, and we project it to be about $85 million in the 2019 or 2020 time frame", Jeff Babione, Lockheed Martin's F-35 program leader told Reuters.

Should These CEOs Also Be Worried?

CBS Money Watch compiled a list of CEOs who are likely concerned that a tweet from the president-elect will result in a similar selloff in their respective stocks:

  • Blackstone Group LP BX's CEO Stephen Schwarzman stands to lose from Trump's calls to end the carried interest tax loophole. The same logic also applies to Apollo Global Management LLC APO and its CEO Leon Black.
  • H & R Block Inc HRB's CEO William Cobb should be concerned that Trump pledged to simplify the U.S. tax code to the point where millions of Americans will fill in a one-page form.
  • Ford Motor Company F's CEO Mark Fields faces the prospect of a 35 percent tax on any Ford product made in Mexico, which is imported into the U.S. market.
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Posted In: NewsPoliticsTopicsMoversMediaGeneralAir Force OneCBS Money WatchDonald TrumpDonald Trump BoeingDonald Trump Lockheed MartinDonald Trump TweetsF-35 Fighter Jet
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