EXCLUSIVE: Trump Victory Triggers 'Reshoring' Rally As Supply Chain Security Outweighs Cost
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: Benzinga
Reshoring Production Surge: Following Donald Trump's election victory, stocks of companies focused on reshoring production to the U.S. saw significant gains, with the American Reshoring ETF rising over 8% as investors anticipate more protectionist policies and a shift towards domestic manufacturing.
Impact of Trade Policies: Experts believe that Trump's administration will prioritize trade protectionism, potentially reducing the appeal of nearshoring to countries like Mexico, thereby encouraging companies to focus on securing supply chains through domestic production initiatives.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 688.980
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Current: 688.980
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
