CNBC's Jim Cramer said that stocks related to oil and natural gas will thrive under President-elect Donald Trump.
Trump has shown more favor to the industry than President Joe Biden, and Cramer noted that an oil executive has been tapped to lead the Department of Energy.on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress.
President Joe Biden's administration is largely opposed to fossil fuels, Cramer said, and the federal government has worked to block pipelines andnew liquified gas export authorizations. This dynamic, coupled with a weaker global economy, caused the sector to underperform for much of the year, he suggested. But Trump has shown more favor to the industry, and Cramer pointed out that he.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer's top 10 things to watch in the stock market Wednesday: Trump victory editionWall Street surged Wednesday after Donald Trump defeats Kamala Harris in the presidential race.
Source: CNBC - 🏆 12. / 72 Read more »
Jim Cramer lists 10 stocks that could do well under Harris or TrumpCNBC’s Jim Cramer on Election Day identified stocks that could perform well with either presidential candidate in the White House.
Source: nbcchicago - 🏆 545. / 51 Read more »
Jim Cramer explains why it's not clear which stocks will rally under Harris or TrumpCNBC’s Jim Cramer explained that few sectors are currently obvious winners or losers under either candidate’s administration.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Jim Cramer says the market for mergers and acquisitions will be back under TrumpCNBC’s Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Jim Cramer ascribes market rally to Trump's victory and pro-big business policiesCNBC’s Jim Cramer reviewed Wednesday’s market action.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Trump's antitrust regulators might not be overly pro business, Jim Cramer suggestsCNBC’s Jim Cramer on Wednesday told investors why Donald Trump’s administration might not be as friendly to big business as many on Wall Street…
Source: NBCDFW - 🏆 288. / 63 Read more »