If you were watching, after President-Elect Donald Trump’s Election Night win the stock market was not looking healthy; however, once the market opened the following day, things began to turn around quickly. Now, investors and businesspeople alike are peering into the future to predict which sectors will continue to benefit from a Trump administration, and which will not. Across the board, it seems that analysts — from those at Goldman Sachs Group Inc. to J.P. Morgan Chase and Co. — are relatively optimistic for the time being, anticipating a multitude of pro-growth policies from Trump.
Here are three sectors that stand to benefit from the Trump administration’s policies:
As many supporters and critics wait to find out how Trump’s policies will address climate change and other energy matters, scientists across the country are wary of what the President-elect could do to impact fossil fuel usage, energy regulations and land access. Despite these concerns, the administration does look like a safe bet for the energy sector, particularly where oil, coal and natural gas are concerned. According to Trump’s America First Energy Plan, the administration would move quickly to access “$50 trillion in untapped shale, oil and natural gas reserves, plus hundreds of years in clean coal reserves.”