News Formal

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

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 524. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: FoxBusiness - 🏆 458. / 53 Read more »