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Cramer Expects Energy Stocks to Rally If Republicans Have a Strong Showing in the Midterms

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CNBC's Jim Cramer said he anticipates a near-term rally in energy stocks if Republican candidates perform well in Tuesday's midterm elections and win a majority in at least one chamber of Congress.

"If the market keeps running [Tuesday] in anticipation of a Republican sweep, you need to be aware that we've already had a big move," he said,"and that may be all we're entitled to for now."

Cramer said unless interest rates move lower or outlooks for corporate earnings improve,"there's a lot that stays the same even when Congress changes hands."at no cost to help you build long-term wealth and invest smarter.Disclaimer

 

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Midterm elections could boost or hinder energy, tech stocksInvestors are preparing for Tuesday's midterm elections, with either a Republican or Democratic victory expected to impact various sectors and impact the prices of stocks.
Fonte: FoxBusiness - 🏆 458. / 53 Leggi di più »