For Immediate Release
Chicago, IL—November 11, 2016—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney that takes on the week’s biggest news from the financial and investment world.
Election Special: Industries to Win and Lose on Trump’s Upset
Welcome to Episode #22 of the Zacks Friday Finish Line Podcast!
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest story: the results of the 2016 presidential election.
Maddy and Ryan welcomed Zacks ETF Strategist Eric Dutram for additional help on what was a massive story to process, and Eric kicked off the show with a look at how currencies and commodities reacted to Trump’s shocking upset victory.
After that, the hosts dove into an analysis of the industries that stand to win and lose under the Trump administration. The first business mentioned was the world of technology, as stocks like Apple (AAPL - Free Report) , Facebook (FB - Free Report) , Microsoft (MSFT - Free Report) , Alphabet (GOOGL - Free Report) , and Amazon (AMZN - Free Report) all slumped this week following the election.
Gun and Bank Stocks
Maddy then highlighted how gun stocks were also sliding in post-election trading, as the “buy ‘em while you can” attitude no longer applies to gun owners. Both Sturm Ruger and Smith & Wesson (SWHC - Free Report) fell mightily this week. Continuing on, Eric looked at one industry, banking and finance, which stands to be a winner under the Trump administration, especially with the GOP controlled House and Senate.
Solar and Private Prison Stocks
Shifting gears back to a potential loser, Ryan looked at why solar stocks like SolarCity and SunPower (SPWR - Free Report) , as well as major solar ETFs like the Guggenheim Solar ETF TAN and the Vaneck Vectors Solar ETF KWT, were on a downward spiral this week. Another industry that does stand to benefit, however, is the private prison business. The two main companies in this sphere, GEO Group (GEO - Free Report) and Corrections Corp. of America (CXW - Free Report) , both jumped massively this week based on Trump’s support of private prisons.
Eric also filled us in on why infrastructure stocks like Caterpillar (CAT - Free Report) were soaring this week, while Maddy and Ryan rounded out the show with a look at how healthcare stocks are responding to the Trump win.
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