Updated: January 15, 2017
Donald Trump needed just 20 minutes to knock $24.6 billion in value from the nine biggest Big Pharma companies. That was the statistic bandied about recently when the president-elect, at a much-anticipated press conference, declared that pharmaceuticals are “getting away with murder.”
That’s ironic, because investors targeting the sure-fire dividends of Big Pharma stocks might be able to get away with theft.
Trump hasn’t yet entered the Oval Office, but he’s already showing an uncanny knack for creating quick stock dips with just a sentence or two. For instance, in mid-December, he criticized the high spend for Lockheed Martin’s (LMT) F-35 jets, knocking LMT shares down by a few percent. But Lockheed almost completely recovered between then and Jan. 10, and those who bought in at the post-tweet lows are actually up 4%. …