News of Donald Trump’s victory on November 8th sent shockwaves around the world and initially sent the stock market down. However, the market has since stabilized and reports of a major decline have not panned out. Of course, the stock market is in constant flux and things can change at any time. However, for the time being, the market is maintaining a normal cycle.
That being said, many wonder what a Trump presidency will do to the stock market over the long haul. Will there be certain stocks that prosper and others that falter because Trump is in the Oval Office? Only time will tell, but there are certain stocks that might see a boost thanks to the new president-elect.
First off, Trump has made it clear that he would like to reduce the corporate tax rate from 35 percent to 15 percent, which would help almost all companies. Trump has also expressed a desire to cut back on the amount of red tape that banks have to deal with by easing regulations. There are other industries that could also be ripe for gains thanks to other Trump proposals.
Therefore, there are several stocks that could see a significant increase in the coming weeks and months, including Altria Group, AutoNation, CVS Health, Discover Financial Services, J.B. Hunt Transport and Republic Services, to name just a few. Stay tuned.
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