Rexnord Stock Falls After Trump Twitter Attack

Industrial equipment maker Rexnord  (RXN) shares were down 1.47% late Monday morning after President Donald Trump sent a tweet Sunday night criticizing the company's decision to close a plant in its hometown in Indiana and move the plant and 300 jobs to Mexico. 

Rexnord of Indiana made a deal during the Obama Administration to move to Mexico. Fired their employees. Tax product big that's sold in U.S.

— Donald J. Trump (@realDonaldTrump) May 7, 2017

This is the second time Rexnord has been the target of a Trump tweet since it announced its plans in October. 

Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers. This is happening all over our country. No more!

— Donald J. Trump (@realDonaldTrump) December 3, 2016

Over on Real Money Jim Cramer give advice to investors looking at how to play the Trump Trade. Get his insights or analysis with a free trial subscription to Real Money.

More from Stocks

Elon Musk's Tweeting Obsession Is Crushing Tesla Stock Believers

Elon Musk's Tweeting Obsession Is Crushing Tesla Stock Believers

Tesla's Model 3 Teardown Shows It Is Already Profitable - Really Profitable

Tesla's Model 3 Teardown Shows It Is Already Profitable - Really Profitable

J&J Vows to Fight Verdict Linking Baby Powder to Ovarian Cancer

J&J Vows to Fight Verdict Linking Baby Powder to Ovarian Cancer

Jerome Powell's Testimony Isn't Changing This Strategist's 3,000 S&P 500 Target

Jerome Powell's Testimony Isn't Changing This Strategist's 3,000 S&P 500 Target

Powell Testimony Lifts Markets, Major Indices Look to Hold Onto Slim Gains

Powell Testimony Lifts Markets, Major Indices Look to Hold Onto Slim Gains