Market Insider

These companies cashed in on a Trump mention Monday

Jack Ma (R), founder and executive chairman of Alibaba Group, and President-elect Donald Trump pose for the media after their meeting at Trump Tower January 9, 2017.
Timothy A. Clary | AFP | Getty Images

Some stocks got a lift Monday after a positive mention by President-elect Donald Trump.

The gains in Fiat Chrysler, Alibaba and LVMH contrast with the intraday stock declines on other days after negative comments from Trump.

Fiat Chrysler shares were 1.9 percent higher midday Monday after Trump praised the company on Twitter for announcing its U.S. arm will invest in U.S. plants and create jobs. The automaker later said the decision was "coincidental" to the Trump tweets, according to Reuters.