Make us your home page
Instagram

Here's how some Tampa Bay area stocks fared the day after Donald Trump's election

Here's how some stocks of companies either based in the Tampa Bay area or with a significant footprint here responded the day after the election of Donald Trump as president:

Company: Raymond James Financial, St. Petersburg

Stock price: Up 6.5 percent to $65.30.

Why and what's in store: Scared investors seeking safe havens are moving their money around. That means more business for Raymond James. A Trump victory also puts in limbo the Labor Department's "fiduciary rule" to raise investment advice standards. Raymond James is fighting the rule, and a new administration and the Republican-controlled Congress may listen.

Company: Duke Energy, Charlotte, N.C.

Stock price: Down 2.95 percent to $77.30.

Why and what’s in store: Trump’s advocacy of coal runs counter to utilities like Duke Energy Florida that are busy closing coal plants and replacing them with new ones powered by natural gas or renewables.

Company: WellCare Health Plans, Tampa

Stock price: Down 8.6 percent to $117.24.

Why and what's in store: Companies that benefited from President Barack Obama's health care legislation, the Affordable Care Act, took heavy losses. Trump has said he would repeal the law. One of the nation's largest hospital chains (and owner of Bayfront Health), the already struggling Community Health Systems, plunged 21.7 percent.

Company: Bristol-Myers Squibb, New York

Stock price: Up 5.9 percent to $56.30.

Why and what's in store: Pharmaceutical companies rose on the expectation Trump and a Republican-controlled Congress are less likely to crack down on rising drug prices. New York-based Bristol-Myers Squibb opened its multifunction North America Capability Center in Tampa nearly two years ago.

Times staff and wires

Here's how some Tampa Bay area stocks fared the day after Donald Trump's election 11/09/16 [Last modified: Wednesday, November 9, 2016 9:12pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Allegiant Air reports $400 million in revenue for second quarter

    Airlines
    Allegiant Air CEO Maurice J. Gallagher Jr. | [Courtesy of Tony Jannus Aviation Society]
  2. As Dow hits new high, Raymond James Financial reports record financial gains

    Banking

    On the same day that the Dow closed at new highs, investment firm Raymond James Financial reported record revenues and earnings for its fiscal third quarter that ended June 30.

    Raymond James Financial CEO Paul Reilly unveiled record quarterly revenues and earnings for the St. Petersburg-based investment firm. [Courtesy of Raymond James Financial]
  3. Florida GDP growth in first quarter 2017 ranks 21st among states, still outpacing U.S.

    Economic Development

    Florida's gross domestic product or GDP rose 1.4 percent in the first quarter, slightly faster than the nation's growth of 1.2 percent and placing Florida 21st among the states for growth rates, according to the U.S. Bureau of Economic Analysis.

    Not too hot. Not too cold.

    These Jackson Square Townhomes began hitting the west Hillsborough County market late last year and continued to be sold into the first quarter of 2017. The real estate sector was the biggest driver of Florida's gross domestic product, which rose 1.4 percent in the first quartrer of 2017.  [JAMES BORCHUCK   |   Times]
  4. A new app will help you find your favorite Tampa Bay food trucks

    Food & Dining

    What's new: Food tech

    Local food businesses are embracing new technologies and partnerships to bring us extra deliciousness.

    Michael Blasco of Tampa Bay Food Trucks says that everyone always asked about an app to help find their favorite food trucks. There is, available for iPhones and Droids.
  5. Another Pinellas foreclosure auction fools bidders, raises questions

    Real Estate

    For the second time in six weeks, a company connected to lawyer Roy C. Skelton stood poised to profit from a Pinellas County foreclosure auction that confused even experienced real estate investors.

    A Palm Harbor company bid  $112,300 for  this Largo townhome at a foreclosure auction July 21 not realizing the auction involved a second mortgage, connected to lawyer and  real estate investor Roy Skelton -- and that the bank could still foreclose on the  first mortgage.
[SUSAN TAYLOR MARTIN   |   Times]