Trump's election victory gives a 'green light' to financial stocks, with Wall Street's major banks eyeing these banking stocks.
Wall Street analysts continue to predict Donald Trump's victory in the election and the potential impact on bank stocks.
Rallying Bank Stocks Have Further Room to Run, Analyst Says
Express News | Goldman Sachs: Hedge funds are scrambling for bank stocks after the US presidential election, and the public utilities sector saw net selling for the first time in four weeks.
Goldman Sachs: Hedge funds are scrambling for bank stocks after the end of the US presidential election, while the public utility sector has seen net selling for the first time in four weeks.
A report from Goldman Sachs shows that as investors react to Trump winning the USA presidential election, hedge funds bought bank stocks at the fastest pace in three years last week while shorting renewable electrical utilities producers.
Barclays Maintains Citigroup(C.US) With Hold Rating, Maintains Target Price $70
Trump's election victory "boosted" the US stock market, which sectors and individual stocks can receive lasting boosts?
For investors who flooded into the stock market last week speculating that Trump's policies will boost the economy, the challenge lies in figuring out which industries will receive lasting boosts. Small cap stocks and financial stocks may benefit from protectionism and regulatory easing; industrial and machinery companies are expected to benefit from domestic production of energy and csi commodity equity index; private prison operators may benefit from crackdowns on immigration.