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.

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

Photo by Kelvin Han on Unsplash

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.”

While we acknowledge the risk and potential of AEO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AEO and that has 10,000% upside potential, check out our report about this cheapest AI stock.