President Donald Trump's meetings with top executives of major U.S. companies continued this week. Trump sat down with retail industry leaders on Wednesday and with Boeing (BA) on Friday. Meanwhile, Oppenheimer analyst Ittai Kidron told investors in a research note that he sees Cisco Systems (CSCO) benefiting "substantially" from the expected tax reform under the new administration.

CISCO: Commenting on the impact of President Trump's tax reform, and particularly a potential cash repatriation, Oppenheimer's Kidron told investors earlier in the week that he believes Cisco Systems stands to benefit "substantially" given the company's "massive" foreign cash balance. Kidron pointed out that there could be a temporary tax holiday during which U.S. companies could repatriate foreign earnings at a reduced tax rate, or a permanent change in the tax code that lowers the top marginal rate and/or moves to a territorial system that does not tax overseas earnings. Both offer "strong upside" to Cisco's earnings per share and stock price, he contented.

RETAIL INDUSTRY: On Wednesday, President Trump met with the Retail Industry Leaders Association, along with chief executives of Target (TGT), Best Buy (BBY), Gap (GPS), Autozone (AZO), Walgreens Boots Alliance (WBA), J.C. Penney (JCP), Tractor Supply (TSCO), and Jo-Ann Stores to discuss tax reform and infrastructure investment. Speaking in front of cameras from the White House during the meeting, Trump said the industry has a big "regulatory problem" that he is going to take care. The President also noted that he is cutting regulations in every industry, adding that tax reform is one of the best ways to help the economy.

H&R BLOCK: During the meeting with retail CEOs in the White House, President Donald Trump also mentioned H&R Block (HRB), saying that the tax preparer "will not be happy" with the upcoming tax reform under the new administration. "We're going to simplify very greatly the tax code. It's too complicated. H&R Block probably won't be too happy. That's one business that might not be happy with what we're doing," the President said.

BOEING: On Friday, President Donald Trump flew to Charleston, South Carolina to participate in the unveiling of Boeing's new 787-10 Dreamliner, a long-haul airplane that can accommodate more than 300 passengers. Additionally, the President said on Twitter that he would "talk jobs" with the company's management. This comes just two days after an attempt to unionize the plant fell far short.