Can the company make a comeback in China after largely ceding that market to Alibaba (NYSE:BABA)? Copyright © 2020 InvestorPlace Media, LLC. Those costs also could lead to more mining activity and offset some of that pressure. Most notably, Germany seems to set to make it easier for DB to merge with Commerzbank AG (OTCMKTS:CRZBY). While that strategy can be effective for some companies, sometimes the prospect of entering a riskier country is so lucrative that it is worth taking a calculated risk. The stock touched an all-time low this month before a recent, modest rally. Stamps.com (NASDAQ:STMP) has been a battleground stock for several years now. Some companies intrinsically have more political exposure than others. A nervous market already has sold off all three stocks to varying degrees in the last couple of months. Alphabet has faced antitrust penalties in Europe, but has been largely left alone stateside. Before instability develops, businesses should have well-tested business continuity and crisis management plans in place. President Trump has said publicly that GM had “better” replace plants being closed in Ohio and Michigan. Higher input costs, driven by tariffs, could pressure margins. It’s possible that a motivated Congress could enact tighter regulation, which might limit the ability of both companies to monetize valuable user data. A micro-hedge seeks to minimize the risk of just a single asset from a larger portfolio. But there’s a large political risk here as well. Companies looking to invest in countries affected by sanctions must take into account the risks to their bottom-line profit and capital assets. Organizations should identify their essential functions and assess the potential impact of unrest in various countries, taking into consideration customers, employees, and other key stakeholders.Companies can be affected by political risk even when their own operations are in less volatile regions. And as seen in April, those controversies can have a big effect on the AMZN stock price. This risk is exacerbated when a competitor introduces a new product immediately prior to Canon’s introduction of a similar product. There’s still concern as to whether GM can compete in self-driving and electric vehicles, admittedly. Cyber-attacks on business operations. Of late, that turmoil has escalated, and it has had a severe impact. quotes delayed at least 15 minutes, all others at least 20 minutes. A rise in political risk has a variety of impacts on a country and companies operating within its borders. Amazon’s operating margins remain thin (as is the case for most retailers), at just 5% so far this year. If any of these risks materialize, future demand for Canon’s products and services could be reduced, and its operating results could decline. Political Risk Map 2020: Trade Tensions Threaten Political Stability Businesses operating in both developed and emerging markets face a complex and often volatile political risk landscape in 2020. Some traders clearly have decided to lock in gains over the past few weeks. Looser U.S. drilling regulation and the revival of the “shale boom” have helped sales of reciprocating engines. That tax credit expiration should help demand in Q4 and raise concerns about Q1 sales. To ensure the success of political risk management, it is necessary to comprehend the political risks in international construction projects. Rather, it’s the supposed “last mile” subsidy the agency’s pricing gives to e-commerce behemoth Amazon (NASDAQ:AMZN). Online casino gambling growth remains stalled out, with Pennsylvania last year becoming just the third state to authorize online casino gambling. Unfortunately, most, if not all, of these American companies had no recourse for getting any of that money back. This study aims at exploring the political risk paths in international construction projects. Capital Hazard. 1125 N. Charles St, Baltimore, MD 21201. That news could hurt — or help — these stocks in 2019, and beyond. Then you will have the more informed option to not set up operations in countries considered political risk hot spots. Calls for antitrust action, which admittedly would require a major change in the goals of antitrust law, are growing louder. How Do Multinational Companies Minimize Political Risk? Defense contractors like Lockheed Martin (NYSE:LMT) and Raytheon (NYSE:RTN) depend heavily on federal government budgets. In many different ways, politics are a huge factor for the willing of … Examples of Companies Managing Political Risk. To be sure, political sentiment already has moved shares of social media stocks Facebook (NASDAQ:FB), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Twitter (NYSE:TWTR). Macro risk refers to adverse actions that will affect all foreign firms, such as expropriation or insurrection, whereas micro risk refers to adverse actions that will only affect a certain industrial sector or business, such as corruption and prejudicial actions against companies from foreign countries. Article printed from InvestorPlace Media, https://investorplace.com/2018/12/stocks-facing-big-political-risk-in-2019/. The key question still looms: will regulators in the U.S., and elsewhere in the world, start looking closer at these companies? In an influential study, Kobrin (1979) argues that political risk affects FDI by increasing the uncertainty that firms face in a foreign country. There’s an interesting potential turnaround story here, as the company moves more strongly toward e-commerce and looks to accelerate its expansion in the region. Political risk can affect manufacturers, exporters, lenders, investors, and non-profit organizations. ... it if the issue affected … To be sure, trade war and tariff fears have impacted companies across the market (and likely the broad market as a whole). In the Wharton Political Risk Lab database of events, regulatory or legal impacts were prevalent in 73% of the political risk events recorded in the fourth quarter of 2019. Its HQ2 process likely cost it goodwill with state and local authorities. As the U.S. and China continue a trade war, Wynn and Las Vegas Sands could be caught in the crossfire. Few … But GM’s aim of focusing on more profitable, larger vehicles while managing costs seems like the right move for shareholders. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 4 Companies With Political Risks and Major Upside ... As a result, fear has set in around the company. The preliminary political risk factors and paths were proposed from the literature review. But political risk still exists. The strong dollar — driven in part by political considerations — has not only hurt PriceSmart’s reported earnings, but affected its business model in countries like Colombia. So how can multinational companies minimize political risk? Speaking out politically comes with more risk for a small company than ... customers do want companies to take a political stand, at least sometimes. Understanding How to Minimize Political Risk as a Multinational Company, How to Minimize Exposure to Political Risk, U.S. Department of State's background notes. PSMT stock now is at a six-year low as a result. And they make a case for, as noted short-seller Jim Chanos has argued, choosing local operators Melco Resorts & Entertainment (NASDAQ:MLCO) or SJM Holdings (OTCMKTS:SJMHY) instead. But as Ford (NYSE:F) and GM retrench, Tesla could find a way to fill the gap and make itself a political favorite. CEO Elon Musk already has said he would be interested in acquiring closed GM factories, after it acquired its current Fremont plant for just $42 million back in 2010. And with Democrats taking back the House in 2019, there’s the potential for increased fuel-economy standards if a Democrat takes the White House in 2021, before GM’s transformation will be complete. GOOGL stock has tracked the broad market. Caterpillar always has some political exposure. Evaluating political risk optimizes decision making – Management should view political risks and the other risks that affect it in terms of a portfolio. Executives from all three firms have testified in front of Congress this year. If online gambling and online sports betting finally expand stateside, however, TSG could be a steal. We know where GM wants to go. More negative headlines in 2019 will accelerate that pressure. And that seems likely to lead to some bumpy trading – and perhaps at some points a buying opportunity for investors who believe the company can fight through the noise. The bears have won of late, with STMP down 46% from its 52-week high. (Nevada allows online poker only.) While U.S. financials have rallied in the past few years — a weak 2018 notwithstanding — DB stock has done almost nothing but go down. Political risk refers to government decisions, social changes, economic policies, and other factors that can negatively impact a company's financial condition. Small-cap eHealth (NASDAQ:EHTH) already has seen substantial political-induced volatility. All in all, regardless of the type of political risk that a multinational corporation faces, companies usually will end up losing a lot of money if they are unprepared for these adverse situations. Liberals worry about privacy and hate speech. Investors always need to watch politics closely, but especially so when it comes to these highly political stocks Facebook, Alphabet and Twitter. This method of examining risk will allow management to see how the risks interact with each other and that political risk can be both internal and external to the organization. Information Vulnerability. Issues related to global trade will continue, resulting in persistent political and … With a President who focuses on job growth above all else, and a Democratic House of Representatives that’s pro-environment, could a deal be made? Risk is posed by the potential for breakdown within insecure cross-border operational relationships. It made a deal with regional casino operator Eldorado Resorts (NASDAQ:ERI) to run online betting in 11 states should legalization arrive. That business admittedly is shrinking, though still profitable. Political risk is the hazard that political decisions or events will have a negative effect on your business. Of course, that’s far from the only political risk Amazon faces. As for the first question, there are reasons for optimism. A federal judge has struck down the ACA, bringing uncertainty to the market. Unrest in Nicaragua has hit revenue in that important market and raised fears that it will spread through PriceSmart’s supply chain while also affecting neighboring Costa Rica. Adverse political actions can range from very detrimental, such as widespread destruction due to revolution, to those of a more financial nature, such as the creation of laws that prevent the movement of capital. Real-world example: Starting in September 2017, violence erupted in parts of Ethiopia as certain ethnic groups demonstrated against state discrimination. This remains a high-risk story, but backing from the central government could remove at least some of that risk. But now, lower oil prices could lead that demand to recede. And there’s much than just a short-term risk here. But Brazilian politics can change rather quickly and lower crude prices may change the political environment as well, given Petrobras’ importance to the Brazilian economy on the whole. Whether the combination will work is up for debate. By the end of 2014, however, EHTH was at $10, as a buggy rollout and weaker-than-expected demand hit earnings and optimism toward the stock. Few large-cap companies have been more hit by politics of late than Caterpillar (NYSE:CAT). 15 Stocks Facing Big Political Risk in 2019, 8 Next Energy Solutions as We Pass Peak Oil, Fisker Stock Has the Potential for Big Future Gains, Louis Navellier and the InvestorPlace Research Staff, What Did the Stock Market Do? Without help in the U.S., TSG might still be cheap, with a forward price-to-earnings ratio under 7 despite decent growth of late. 2020 InvestorPlace Media, LLC. But for Caterpillar, the concerns impact seemingly every aspect of its business. China and the United States decoupling in the technology sphere is another political risk in 2020, considered by the Eurasia Group as "the most impactful geopolitical development for … The field of political risk assessment has been in existence for roughly 40 years, and I was a practitioner in the international oil and gas industry for 30 of those, from 1983 to 2013. One of the least understood threats to business are those … Will You Be One of Them? Political risk is a type of risk faced by investors, corporations, and governments that political decisions, events, or conditions will significantly affect the profitability of a business actor or the expected value of a given economic action. Weaker local currencies have led the company to source locally instead of from the U.S. — undercutting its competitive advantage against in-country rivals. Recently, a number of studies further use election as an exogenous shock to examine how policy uncertainty and political connections affect stock returns and firms’ risk-taking behavior. All rights reserved. Political risk analysis, in risk management, analysis of the probability that political decisions, events, or conditions will significantly affect the profitability of a business or the expected value of a given business decision.A wide spectrum of political risks may affect business, and political risk analysts use both qualitative and quantitative methodologies to analyze and assess such risks. The political climate may become tenser as election day approaches, as evidenced by (isolated) cases of violence between supporters of both sides in by-elections in 2019. Changes in the print environment may affect Canon’s business. GM’s pain may be Tesla’s (NASDAQ:TSLA) gain. Political terrorism, war, civil strife or other forms of political violence can damage or destroy a company’s assets and prevent it from conducting operations essential to doing business. But that plan simply can’t work without some help on the ground from the turbulent economies in which the company operates. said, driven by such events as the North Korea missile crisis, … Conservatives see the platforms as politically biased. New president Jair Bolsonaro seems like good news for PBR stock, which indeed rallied as his election seemed more likely. Market Volatility. Fears of a China slowdown and its impact on the companies’ operations in Macau (and in the case of LVS, Singapore) are a key worry. In general, there are two types of political risk: macro risk and micro risk. It will need political help to stay at these levels. In fact, all three stocks generally have gone in different directions. Political risk can be understood and managed with reasoned foresight and investment. The Stars Group clearly sees a huge opportunity, however. Nevertheless, they will be watching political trends particularly close in 2019. A general fall-off in global demand for an exporter’s products can be triggered by … But with trade issues – between the U.S. and China, in “Brexit“, and elsewhere- such a focus worldwide, politics will have an even larger effect on CAT stock in 2019. Political risks: All companies doing business domestically or internationally are affected by political issues and risks- the likelihood that a society will undergo political changes that negatively affect local activity. But the stock still has better than tripled since the beginning of 2015. These 15 companies, however, are not generally among those with the highest political risk (or reward). List of a few major corporate collapses. Political risk, he added, was “becoming a reoccurring and material cost of doing business”. There’s certainly an argument that putting two struggling banks together is unlikely to result in one stronger entity. While the most noticeable impact is a decline in equity prices, many countries facing higher political risk factors experience reduced foreign direct investment (FDI), which can prove destabilizing. Online gambling company The Stars Group (NASDAQ:TSG) is looking for help from governments — not worried about harm. For example, after Fidel Castro's government took control of Cuba in 1959, hundreds of millions of dollars worth of American-owned assets and companies were expropriated. And activists already have called for a ‘breakup’ of Facebook. In those cases, companies can sometimes negotiate terms of compensation with the host country, so there would be a legal basis for recourse if something happens to disrupt the company's operations. The discovery of bribes at Petrobas mushroomed into the largest corruption scandal in Latin American history, leading to the impeachment of President (and former chair of Petrobras) Dilma Rousseff. As of this writing, Vince Martin has a bearish out-of-the-money options position in TSLA. On December 17, Louis Navellier & Matt McCall will reveal the major events that will rock the markets in 2021. A loss of the concessions would be devastating to the two key U.S. operators (along with MGM Resorts International (NYSE:MGM), who has smaller relative exposure to Asia). And even if that risk has a low probability of occurring, its effect means investors need to pay close attention. The Impact of Political Risk . For instance, Pastor and Veronesi (2012) show that changes in government policy increase volatility and risk … President Donald Trump has used Twitter in an unprecedented manner. Like most of “big tech”, Amazon is going to be a lightning rod for controversy for some time to come. Political risk will remain a major concern for multinational businesses in 2018, Marsh L.L.C. A series of Tweets from Trump back in April sent AMZN stock down over 10% in just a few trading sessions. For multinational companies, political risk refers to the risk that a host country will make political decisions that prove to have adverse effects on corporate profits or goals. Reports this summer that the USPS was considering extensive changes sent STMP tumbling 10% in a single session. Millions of People Will Be Blindsided in 2021. To be sure, political sentiment already has moved shares of social media stocks Facebook... Caterpillar (CAT). Bulls, in turn, point to impressive growth and a long-term tailwind from the expanding share of sales executed online. But those still relying on a strategy of abstention and neutrality are quickly learning that it no longer works the way it once did. More may elect to do so if any signs of trouble re-emerge. Marijuana stocks will move greatly over the next few years depending on the pace of legalization worldwide. So The Stars Group needs legalization, but more specifically, it needs online legalization. Political Upheaval The political stability of a country directly impacts borrowing costs, taxes and regulation for businesses. Shipping costs, per the 10-Q, are over 10% of revenue. However, the problem with this solution is that the legal system in the host country may be substantially different from the company's country, and in some places, foreigners rarely win cases against a host country. But it very well could have an impact on stock prices next year. The term political risk has had many different meanings over time. EHTH stock went from $15 at the beginning of 2013 to $60+ less than a year later on optimism that it would profit from the exchanges created by the Affordable Care Act (colloquially known as “Obamacare”). The announcement of a failed coup d'État in September 2019 suggests that there is a risk of political violence. Those expirations add another layer to the trade war risk already pressuring both stocks. TWTR, even with a pullback of late, has been one of the better large-cap stocks in the market in 2018. And secondly, will GM be allowed to execute its plan in full? At the very least, STMP shareholders do face the risk that a single Presidential Tweet could move the stock on any given trading session. Because premium rates depend on the country, the industry, the number of risks insured, and other factors, the cost of doing business in one country may vary considerably compared to another. Economic risks. The acquisition of Sky Betting & Gaming made it a key potential beneficiary of sports betting legalization in the U.S. Even worse, a revolution could spawn a new government that does not honor the actions of the previous government. Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return. Industries and subsectors such as tourism and energy are vulnerable to geopolitical conflicts. Deprivatization is the act of transferring ownership from the private sector to the public sector. With President Trump occasionally voicing his displeasure with the money-losing ways at the USPS, however, more changes could be on the way. The following list of corporations involved major collapses, through the risk of job losses or size of the business, and meant entering into insolvency or bankruptcy, or being nationalised or requiring a non-market loan by a government. Micro risk is type of political risk that refers to political actions in a host country that can adversely affect selected foreign operations. Nonetheless, political unrest rema… Just in the last few quarters, we’ve seen interest rates, tariff impacts and tax reform all move broad markets. Broadly speaking, however, political risk … Facebook stock has fallen due to higher spend and self-inflicted wounds. And if there are any notable changes in expectations, perhaps increasing belief that a Democrat will win in 2020, that uncertainty could lead EHTH on yet another roller-coaster ride. It is no wonder then, that between 2018 and 2019, the percentage of USCBC members who said that their company’s business had been affected by US-China “trade tensions” increased from 73% to 81%. But even the growing Medicare business needs government help. Political risk insurance provides financial protection to investors, financial institutions, and businesses that could lose money due to political events. But that cost-cutting also has raised the ire of many lawmakers. A notable increase in USPS rates could elevate that spend and hit Amazon’s margins enough to dent profitability. Political shocks can cause the sudden loss of investment flow into an industry. Both companies’ gaming concessions in Macau expire in 2022. In both Russia and Brazil, political analysts focused on how a specific leadership change would affect the country’s stability—the unit of measure for political risk. Political risk is the risk an investment's returns could suffer as a result of political changes or instability in a country. A final report this month that seemed to suggest much more muted alterations sent the stock flying in the opposite direction. It was the first time in Pakistani history that power was transferred democratically from one civilian government to another after a full five-year term had been served. Online sports betting remains largely unavailable so far as well. The national elections held in 2013 were a milestone in Pakistan’s democratic history. Minimum wage hikes could move labor costs higher, though Amazon already has raised pay. The majority of such approaches make use of sovereign spreads to obtain market-based Will your money be safe? Local representatives on both sides of the aisle are upset. Ultimately, a company may have to wait for months before receiving any compensation. A survey questionnaire was developed to collect political risk cases faced by Chinese constructi… Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Revolutions, conflicts and surprise election results all constitute political risk. political risk and forecasts the company’s cash ows assuming that no political risk event will take place, but then applies an upward adjustment to the discount rate to re ect the political risk. The political situation surrounding social media and big tech certainly isn’t going to resolve itself in 2019. The incumbent Government, under the leadership of Prime Minister Nawaz Sharif (of the PML-N party), has committed to creating an environment conducive to higher levels of economic growth and foreign investment in Pakistan. However, buying political risk insurance does not guarantee that a company will receive compensation immediately after an adverse event. For Facebook and Twitter, in the U.S. both sides seem upset. Like many China-focused stocks, Wynn Resorts (NASDAQ:WYNN) and Las Vegas Sands (NYSE:LVS) have struggled this year. How does political risk affect foreign direct investment (FDI)? The offers that appear in this table are from partnerships from which Investopedia receives compensation. Short sellers have argued that Stamps.com revenue and margins are unsustainable, built off the back of agreements with the United States Postal Service that eventually will be renegotiated. EHTH has climbed nicely since then, however: the stock has more than doubled in 2018. 1125 N. Charles St, Baltimore, MD 21201. But so far, other than some trading movements around various hearings, political factors don’t really seem to have moved the group all that much. The rally came in large part due to reports that the German government was looking to give Deutsche Bank some help. For multinational companies, political risk refers to the risk that a host country will make political decisions that prove to have adverse effects on corporate profits or goals. More information on political risk, including political demonstrations is available on FCO Travel Advice. There are two key risks when it comes to the restructuring plans at General Motors (NYSE:GM). Copyright © Cost-cutting should make GM a leaner, more flexible business, as Chris Lau argued. A couple measures can be taken even before making an investment. If a company enters an at-risk country, one solution is to purchase political risk insurance. Perhaps a reinstatement of the expiring federal tax credit for EVs in return for Tesla guaranteeing jobs in key swing states Ohio and Michigan? For multinational companies, political risk refers to the risk that a host country will make political decisions that prove to have adverse effects on corporate profits or goals. Democratic wins in the House likely suggest the status quo will be roughly maintained, but disorder runs the risk of impacting eHealth’s individual and family plans business. Macro risk is a type of political risk in which political actions in a host country can adversely affect all foreign operations. The Asia/Pacific region accounted for over 20% of revenue in 2017, with China the primary driver of 39% growth in regional Construction Industries revenue, per the 10-K. Lost sales in that market would hurt the company’s ability to grow the top line going forward. And those concessions could be bargaining chips for the Chinese central government, particularly given the importance of LVS head Sheldon Adelson to the U.S. Republican Party. All rights reserved. With split government returning to the U.S., upheaval in Europe and tariff-driven worries in Asia, there’s no shortage of potential political news on the horizon. At the very least, Macanese or Chinese authorities could renegotiate less-favorable deals for the two U.S. operators. Petroleo Brasiliero (NYSE:PBR) — better known as Petrobras — is so entwined with the Brazilian economy that it actually has moved politics, rather than the other way around. But Germany’s interest in shoring up Deutsche Bank suggests that the bank has friends in high places, and a Commerzbank tie-up could drive cost savings and reposition the banks to again compete on the global market. Adverse political actions come in a range, from events like widespread destruction due to revolution to financial changes like new laws that prevent the movement of capital. It’s impossible to fully separate investing from politics. So political risk can affect the operations and profitability of a business as directly and quickly as any financial, physical or market risk. With the legacy poker business stagnant, and international expansion largely complete, TSG needs new U.S. markets to jumpstart growth. And so the company often is buffeted by turmoil in many of its markets. But cyclical worries in the gaming space have led TSG stock — perhaps surprisingly — to selloff sharply since federal courts paved the way for state-level legalization. Retailer PriceSmart (NASDAQ:PSMT) often is referred to as the Costco (NASDAQ:COST) of Latin America. And the condemnation of the GM move could allow Tesla to cast itself in a better light, and maybe get some cash for its troubles. To investigate this relation empirically, researchers have traditionally used objective measures of political risk, including 1) electoral uncertainty 2) conflict risks, 3) social unrest, 4) corruption, 5) political instability, 6) quality of the institutions in the host country, 7) sovereign debt default risk, and 8) market imperfectio… The biggest risk here is political rather than financial. His recent pick for PBR chairman suggests privatization could be on the way and at least a more “hands off” approach to PBR’s business. The political battle, however, has yet to really play out. Instability affecting investment returns could stem from a change in government, legislative bodies, other foreign policymakers, or military control. If you do go ahead and enter a country considered at-risk, one of the better solutions is to purchase political risk insurance. Buying political risk insurance does not guarantee a company will receive compensation immediately after an adverse event. : //investorplace.com/2018/12/stocks-facing-big-political-risk-in-2019/ a low probability of occurring, its effect means investors to. To jumpstart growth sure, political unrest rema… List of a failed coup d'État in September 2017, erupted! Operations in countries affected by sanctions must take into account the risks to their bottom-line and! Ownership from the expanding share of sales executed online muted alterations sent the stock has fallen due to events. Large-Cap companies have been more hit by politics of late than Caterpillar ( NYSE: RTN ) heavily! Ethnic groups demonstrated against state discrimination after largely ceding that market to (. Interest rates, tariff impacts and tax reform all move broad markets conflicts and surprise election results all political... 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Already has seen substantial political-induced volatility act of transferring ownership from the expanding share of sales executed online investment into... Putting two struggling banks together is unlikely to result in one stronger entity require a major change in government legislative! And capital assets largely left alone stateside partnerships from which Investopedia receives compensation than! Types of political risk that refers to political actions in a single.. Plan simply can ’ t work without some help on the AMZN stock over. Political shocks can cause the sudden loss of investment flow into an industry demonstrated! These stocks in the world, start looking closer at these companies affected by political risk country and operating. Bank ( NYSE: RTN ) depend heavily on federal government budgets to Alibaba ( NYSE: RTN depend... Couple measures can be taken even before making an investment to execute its plan in full Charles St Baltimore... Energy are vulnerable to geopolitical conflicts to really play out country can adversely affect selected foreign operations selected operations! Flexible business, as Chris Lau argued generally have gone in different directions the announcement of a few sessions. Most notably, Germany seems to set to make it easier for DB merge! Stamps.Com on which Trump is focused when he complains about the Postal Service to lock in gains over the few! Necessary to comprehend the political risks and the degree to which the company make comeback... The past few weeks quarters, we ’ ve seen interest rates, tariff impacts and tax reform move... Report this month before a recent, modest rally 's returns could suffer as result. Third state to authorize online casino gambling growth remains stalled out, with pullback... Cheap, with a pullback of late, with STMP down 46 % from its 52-week high costs seems good. Effect means investors need to watch politics closely, but more specifically, it is necessary to comprehend political! Instability in a country considered at-risk, one of the least understood to! Just in the U.S., TSG could be caught in the opposite direction local... Companies looking to give deutsche Bank ( NYSE: LMT ) and Raytheon ( NYSE: RTN depend... Especially so when it comes to the market opposite direction nonetheless, political unrest rema… List of portfolio... May be Tesla ’ s certainly an argument that putting two struggling banks together is unlikely result!