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This Time Around, 20% Of Earnings Conference Calls Have This In Common

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This Time Around, 20% Of Earnings Conference Calls Have This In Common

Thirty-two (32) of the 148 S&P 500 companies that have already reported their earnings have something in common: President Donald Trump was mentioned by name.

According to CNBC, Trump has been mentioned in more than 20 percent of the conference calls that occurred this year through the end of last week. Granted, it is common for companies to talk about political factors, especially when a new president takes hold of the White House, but what is happening now goes beyond the scope and scale of what was seen in the past.

Trump's 32 mentions in conference calls is much higher than former President Barack Obama who was mentioned slightly more than 20 times in the same time period immediately following the 2009 election.

However, the number of times Trump was mentioned also include Wall Street analysts who pose a question about the president while other companies merely pointed out the fact that they have a personal relationship with Trump, such as Wynn Resorts, Limited (NASDAQ: WYNN)'s CEO Steve Wynn who was a member of Trump's inauguration team.

Optimism And Skepticism Among Executives

Trump was met with both optimism and concern among company executives.

For example, executives at American Electric Power Company Inc (NYSE: AEP) were hopeful on Trump's infrastructure plans, regulatory improvements and tax code changes. On the other hand, executives at Union Pacific Corporation (NYSE: UNP) said that Trump's trade policies go against its consumers who benefit from free and open international trade.

Image Credit: By U.S. Department of Homeland Security (DHS) (President Trump Delivers Remarks to DHS Employees) [Public domain], via Wikimedia Commons

Posted-In: CNBCEarnings News Previews Politics Media Trading Ideas General

 

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