Investing.com -- With earnings releases well underway and investors reacting to the U.S. election this week, various stocks, including some major names, have made significant moves. Here are Investing.com’s stocks of the week:
Tesla even breached the $1 trillion valuation mark on Friday as investors believe Musk’s companies may benefit from a Trump administration, with the CEO a vocal supporter of his campaign. "In addition, it is difficult to judge how Elon Musk’s increasingly close public relationship with President Trump could benefit Tesla, but this needs to be monitored closely,” they added.are also seen as having the potential to benefit from the incoming Trump administration with the potential for less regulation.An analyst at Bank of America said the election result was “positive for bank stocks,” with the expectation of a “more balanced regulatory backdrop.
Meanwhile, solar stocks have also declined. As many may have already guessed, the decline is based on fears that Trump could repeal the Inflation Reduction Act and impact the progress made on clean energy with his policies.
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