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. Expanded Belle Parc RV Resort lures travelers with plenty of amenities

    Business

    BROOKSVILLE — Imagine mid-mansion, upscale-enclave living. On wheels. The outcome is Belle Parc, an upwardly mobile, even luxury, RV retreat just north of Brooksville that opened Jan. 1 after two years undergoing expansion, uplift and amenity enrichment.

    A new welcome center is under construction, rear, at Belle Parc RV Resort, where lake sites are being completed, bringing the resort's capacity to 275 spacious park-and-stay slots.
 [Photo by Beth N. Gray]
  2. Memorial Day sales not enough to draw shoppers to Tampa Bay malls

    Retail

    TAMPA — Memorial Day sales at Tampa Bay area malls were not enough to compete with the beach and backyard barbecues this holiday weekend.

    Memorial Day sales weren't enough to draw shoppers to Tampa Bay area malls over the long weekend. 
[JUSTINE GRIFFIN | Times]
  3. Austin software company acquires second Tampa business

    Corporate

    Austin, Tex.-based Asure Software acquired Tampa's Compass HRM Inc. late last week for $6 million. Compass focuses on HR and payroll.

    [Company photo]
  4. Hackers hide cyberattacks in social media posts

    Business

    SAN FRANCISCO — It took only one attempt for Russian hackers to make their way into the computer of a Pentagon official. But the attack didn't come through an email or a file buried within a seemingly innocuous document.

    Jay Kaplan and Mark Kuhr, former NSA employees and co-founders of Synack, a cybersecurity company, in their office in Palo Alto, Calif., in 2013. While last year's hacking of senior Democratic Party officials raised awareness of the damage caused if just a handful of employees click on the wrong emails, few people realize that a message on Twitter or Facebook could give an attacker similar access to their system. 
[New York Times file photo]
  5. Big rents and changing tastes drive dives off St. Pete's 600 block

    Music & Concerts

    ST. PETERSBURG — Kendra Marolf was behind the lobby bar of the State Theatre, pouring vodka sodas for a weeknight crowd packed tight for Bishop Briggs, the latest alternative artist to sell out her club.

    Sam Picciano, 25, left, of Tampa and Molly Cord 24, Palm Harbor shop for record albums for a friend at Daddy Kool Records located on the 600 block of Central Avenue in St. Petersburg, Florida on Saturday, May 20, 2017. OCTAVIO JONES   |   Times