Market reactions to Trump's presidential win

YawningKitty_x_x joined discussion · Nov 7, 2024 10:53

• $First Solar (FSLR.US)$ down 13% on fears of IRA cuts -- while $Tesla (TSLA.US)$ jumps 12% with expected EV incentives pressuring competitors.

• $Coinbase (COIN.US)$ , $BTCL, $Robinhood (HOOD.US)$ , $MSTU & $CLSK up over 10% as Trump’s favorable crypto stance boosts sentiment.

• $IONQ & $RKLB both up 8% on deregulation optimism in sectors like quantum computing and space.

• $Palantir (PLTR.US)$ rises 4% on anticipated growth in DoD AI initiatives.

• $MSOS, $TLRY, $CGC & $MAP all down over 15% as Florida votes against legalization.

• $Alibaba (BABA.US)$ , $PDD & $JD down over 5% on concerns over future tariff pressures.

• $UnitedHealth (UNH.US)$ climbs 7% on potential Obamacare rollback, which could raise insurance rates.

• $Meta Platforms (META.US)$ down over 2% as TikTok ban concerns take a backseat.

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🌲ex IBDer 📝Swing Trader since 2014 📚There are 3 ways to earn money: be fast, be smart or cheat.

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