It was a real shocker that Donald Trump pulled away an upset victory over rival Hillary Clinton in Tuesday night’s election. 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 had become a 50-point gain early Wednesday.
24/7 Wall St. has identified several immediate losers from a Donald Trump presidency. These are all sliding lower, but there are other big losers as well.
Trump has been adamant in his stance for a stronger and seemingly more nationalistic United States, but this can hurt U.S. companies that rely on production in other nations, such as Mexico. At the same time, Trump is looking to fix the budget and not waste money, so companies receiving government subsidies are going to be on watch as well.
There are of course other companies that are losing big in the aftermath.
Cemex SAB de C.V. (NYSE: CX) shares were down 11% at $8.01 early on...