Companies that rely on “Crony Capitalism” such as Goldman Sachs, Citi Bank, renewable energy companies etc. will take a hit when Trump is elected. Companies that depend on true free enterprise will have the opportunity to win big or fail in accordance with free market principles.
LOL—we’re talking smart money, here. Not someone else’s money that a poster on the internet knows better about . . . .
Let’s hope that is the chain of events.
You’re more optimistic than I.
Big Pharma Biotechs will rally immediately if Shrillary loses.
I’m in Celgene (CELG) big time before the election.
CELG is the best-positioned of all the biotechs (e.g. MYL, AMGN, LLY, MRK, GSK, PFE...) and is the only one of the IBB (Biotech ETF) that’s holding ABOVE its 50 Day EMA (exponential moving average). The rest of biotechs are trading at near-term lows in anticipation of Hillary regulations and price fixing on prescription drugs.
So if Trump wins, there will be what’s called on Wall Street, a “Relief Rally” in biotech.
I’m guessing a biotech rally of 5-10% within a few days after the election.
If Hillary wins, there may even be a muted biotech rally simply because so much fear is already discounted in the price of biotech stocks.