CNBC's Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden.
"I am very confident in the idea that, under President Trump, M&A's about to come back and come back bigly," he said."Companies will no longer have to fear super-strict antitrust scrutiny, so long as they stay on the right side of our mercurial President elect."on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden.
Cramer called the last few years"one of the longest M&A dry spells in modern history," and he asserted that takeovers are a major reason investors enter the market.The regional banking sector will benefit from more M&A activity, according to Cramer, noting that the financials racked up gains during the session.
Beyond M&A, Cramer said the President-elect is likely to relax antitrust regulations, whereas Biden appointees have scrutinized Big Tech outfits like. But while Cramer suggested these companies are likely safer from regulatory interference under Trump, he said some of that depends on Trump's own attitude towards them.
"So, it's not a surprise to see most of America's big name tech CEOs come out today with enthusiastic, public messages of congratulations for President-elect Trump," he said.Cramer's Lighting Round: S&P Global is a buy
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