American Eagle (AEO) Gets 23.6% Boost From Donald Trump

We recently published 10 Stocks Surprise With Double-Digit Gains; 4 Hit Record Highs. American Eagle Outfitters, Inc. (NYSE:AEO) is one of the companies that stood stronger last week.

American Eagle Outfitters, Inc. (NYSE:AEO) snapped a four-day losing streak on Monday, soaring 23.65 percent to close at $13.28 apiece as investors took path from President Donald Trump’s praise of the company’s new endorser, actress Sydney Sweeney, for being a registered Republican.

In a response to a journalist’s question about his thoughts on Sweeney’s political affiliation, Trump replied: “She’s a registered Republican? Oh, now I love her ad.”

“You’d be surprised at how many people are Republicans. That’s what I wouldn’t have known, but I’m glad you told me that. If Sydney Sweeney is a registered Republican, I think her ad is fantastic,” he noted.

American Eagle Outfitters, Inc. (NYSE:AEO) has been in the hot seat since last week following the official launch of a new campaign called “Sydney Sweeney Has Great Jeans,” which earned mixed reactions on social media, including claims that the campaign was “tone-deaf” due to alleged racial undertones.

In one video, Sweeney was shown wearing an all-denim getup, saying: “Genes are passed down from parents to offspring, often determining traits like hair color, personality, and even eye color. My jeans are blue.”

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