Here's Why Trump Invoking The Defense Production Act Could Help Medtronic, GE, and Other Ventilator Makers
As the coronavirus pandemic goes on, there has been much to-do about the Defense Production Act (DPA) and the nationwide effort to recover the economy and fulfill shortages of critical personal protective equipment, or PPE, and respiratory care devices like ventilators.
Peter Navarro, an assistant to the president and the director of the Office of Trade and Manufacturing Policy, was named as coordinator of DPA policy in March. Navarro said on April 22 that President Donald Trump would "move swiftly" to expand the use of the 1950s wartime readiness law to produce and distribute medical supplies.
3M (NYSE: MMM), one of the companies involved in DPA contracts, saw some noteworthy spikes in its share price in April. Similar jumps took place at General Motors (NYSE: GM), General Electric (NYSE: GE), and Medtronic (NYSE: MDT). Are any of these companies a good bet for investors seeking upside from here, or have all the gains been made?
Source Fool.com
