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Traders scheme to cash in on Trump tweets
President-elect Donald Trump issued a single tweet blasting defense contractor Lockheed Martin Corp. at 8:30 a.m. on Monday. By lunchtime, he had wiped $4 billion off the company’s market value. Wall Street traders began dumping the company’s stock after Trump blasted its fighter jet program: “The F-35 program and cost is out of control,” he tweeted. “Billions of dollars can and will be saved on military (and other) purchases after January 20th.” With his millions of Twitter followers and upcoming inauguration to the most powerful job in the world, Trump presents challenges and opportunities that Wall ... (full story)
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