“‘This month, we asked analysts to comment on how the results of the U.S. election will affect companies in their respective sectors,’ the team led by Avisha Thakkar writes in the new note. ‘While their responses suggest that there is still uncertainty about the sector-level impact, the majority of sectors are anticipating favorable effects,’ they say, adding that expectations of lower tax rates and economic stimulus are among key reasons for the favorable outlook,” Verhage reports. “Goldman certainly isn’t the first to hail the potential benefits of a Trump presidency. Dubravko Lakos-Bujas and Marko Kolanovic, quantitative analysts at JPMorgan Chase and Co., also wrote that many of Trump’s policies would be ‘pro-growth,’ even while uncertainty about specifics remains high. They wrote this week that if the campaign promises that have the potential to stimulate growth get implemented, the S&P 500 could see as much as $20 in additional earnings-per-share growth over the next few years.”
“Of course there’s no suggestion that all industries will benefit alike: Goldman’s analysts expect some to miss out, and some even to suffer under Trump,” Verhage reports. “Some respondents said they expected the election outcome to weigh negatively on their sectors; among those were autos, aerospace, clean energy, and agribusiness.”
Read more in the full article here.
MacDailyNews Take: Good news for long-suffering AAPL shareholders?
Apple: The Trump Effect – November 29, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Jim Cramer: Two reasons why President Trump could save Apple billions – November 19, 2016