The world is more than surprised that Donald Trump has scored an upset victory over rival Hillary Clinton. Many brokerage firms and economists said that a Trump victory would be awful for stocks, with an immediate correction, but the initial 700-point Dow Jones Industrial Average selling in overnight futures was last seen down only 290 points.
24/7 Wall St. has identified several immediate winners from a Donald Trump presidency. These are all surging higher, but there are other winners as well.
Trump is deemed to be positive for gold over uncertainty and positive for defense stocks based on the promise to rebuild America’s military. Then there are the infrastructure stocks, and the metals stocks that will theoretically win if they are treated fairly inside and outside of America. Pharmaceuticals may do well selectively also, if the ability for a Bernie Sanders and Hillary Clinton attack over pricing is off the table. Coal and Energy were not moving as much as some investors might have expected.
There are of course other companies that should be viewed positively, but there are probably too many to count in the wee hours of the morning. There will also be the list of big losers that would have surged under a Clinton victory.
Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) saw its shares slide after Bernie Sanders went after it for price hikes. While many drug or pharmaceutical stocks will be up, Sanders had effectively gone after Ariad over greed when the reality is that it is still losing money. Ariad also has about $1.4 billion worth of negative retained...