Trump's promotional advertisement ignites the stock surge of American Eagle, analysts say it shows meme stock characteristics
Retail company American Eagle Outfitters Inc. (AEO) rose 23.65%, marking its best single-day performance since 2000. On August 4th, U.S. President Trump promoted the company's advertisement, claiming that the latest ad featuring actress Sydney Sweeney was "the hottest ad." On Monday (August 4th), the "Trump Tariff Losers" index rose 3.09%, closing at 105.13 points, with constituent stock AEO leading the way
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