All articles tagged with #trumpelection
Originally Published 1 year ago — by Bloomberg
Gold prices fell sharply following Donald Trump's election victory, marking the worst performance in at least 13 US presidential election cycles, with a nearly 7% drop. Despite this immediate decline, the long-term forecast for gold remains bullish, contrasting with the post-election boost seen in other asset classes like stocks and Bitcoin.
Originally Published 1 year ago — by pv magazine USA
Following Donald Trump's election as U.S. president in 2024, solar stocks have plummeted, with major companies like First Solar and Sunrun experiencing significant declines. Sunnova CEO John Berger argues that the market's reaction is overly emotional and not reflective of the industry's strength. Concerns about potential repeals of clean energy tax credits under the Inflation Reduction Act are seen as exaggerated, with bipartisan support for U.S. manufacturing likely to sustain key incentives. Sunnova is adapting by focusing on U.S.-made components to mitigate tariff impacts and enhance cash generation.
Originally Published 1 year ago — by Yahoo Finance
The S&P 500 and Nasdaq Composite hit record highs as the Federal Reserve cut interest rates by 25 basis points, following Donald Trump's presidential election victory. The tech sector, led by Nvidia and Amazon, drove the rally, while the Dow Jones remained flat after a significant gain. Fed Chair Jerome Powell stated that the election would not impact the Fed's policy decisions. The market's optimism is fueled by expectations of Trump's corporate tax cuts and deregulation plans, despite concerns over rising mortgage rates and housing affordability.
Originally Published 1 year ago — by Investor's Business Daily
Following Donald Trump's election victory, U.S. stock futures rose modestly, continuing a significant market rally with major indexes hitting record highs. The Federal Reserve is expected to cut rates, with the focus on future policy changes. Key earnings reports showed mixed results, with some stocks like Tesla and Nvidia surging. Investors are advised to take advantage of buying opportunities but remain cautious amid potential market volatility.
Originally Published 1 year ago — by The Motley Fool
Following the U.S. election results favoring Donald Trump, renewable energy stocks like First Solar, Sunnova Energy, and Plug Power have plummeted due to investor concerns over potential new tariffs on solar imports and the possible rollback of subsidies from the Inflation Reduction Act. While First Solar might benefit from domestic manufacturing, Sunnova and Plug Power face challenges due to their unprofitability and reliance on government support. The market reaction presents a potential buying opportunity for First Solar, given its attractive valuation and growth prospects.