Outperforming Tesla: The Trump Trade's Winners

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Post on Nov 12, 2024

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Outperforming Tesla: The Trump Trade's Winners

Let's be honest, Tesla's stock has been on a wild ride lately. But while everyone's been focused on Elon Musk and his electric dreams, a whole other group of companies has been quietly crushing it. These are the Trump trade winners, the companies that thrived under the former President's policies.

What's the Trump Trade? Basically, it's all about deregulation, lower taxes, and a focus on domestic manufacturing. This environment was pretty sweet for certain industries. Think oil and gas, banking, and manufacturing.

The Oil Boom: A Gusher of Profits

You know how everyone's talking about going green? Well, the Trump administration was all about pumping those black gold barrels. This meant a surge in oil production, leading to higher profits for companies like ExxonMobil and Chevron. These guys were sitting pretty with lower regulations and a surge in demand.

Banking on Lower Taxes

Remember those tax cuts? They were a big win for the banks. Companies like JPMorgan Chase and Bank of America saw their profits soar thanks to lower corporate taxes. Plus, the deregulation made it easier for them to play the lending game.

Manufacturing Gets a Boost

The Trump administration put American manufacturing on the front burner. He slapped tariffs on imports, pushing companies to make stuff in the USA. Companies like Boeing and Caterpillar saw a boost in orders, and their stock prices reflected that.

But What About Now?

Now that the Biden administration is in charge, things are a bit different. The focus is on climate change and green energy. The oil companies might not be having as much fun anymore. And the tariffs? Well, those are a bit of a mixed bag.

The Bottom Line

While Tesla is making headlines, the companies that benefited from the Trump trade are worth keeping an eye on. They're not necessarily going to disappear overnight. These companies still have strong fundamentals and the ability to adapt. So, if you're looking for investments that might outperform Tesla, these are the guys to check out. Just remember, investing involves risks, so do your own research before making any decisions.