These Stocks Top Tesla's Trump Trade

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Post on Nov 12, 2024

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These Stocks Are Leaving Tesla in the Dust (Thanks, Trump!)

Let's be real, folks. We've all been watching Tesla soar. Elon Musk's electric car company has been the talk of the town, especially since that whole "Trump Trade" thing took off. But guess what? There are some other stocks out there that are quietly crushing it, leaving Tesla in the dust.

What is the "Trump Trade" anyway?

Think of it like this: When Donald Trump took office, investors got super excited about his policies. He promised tax cuts, deregulation, and a whole bunch of other stuff that sounded great for businesses. So, investors piled into stocks, especially those in sectors that benefited from these policies. Tesla, with its focus on clean energy and manufacturing, fit right into that narrative.

Why are other stocks leaving Tesla behind?

The truth is, the "Trump Trade" is a bit of a mixed bag. While Tesla enjoyed a surge in popularity, other sectors, like energy and materials, have actually seen even bigger gains.

Here's the deal:

• Energy: Trump's policies have been super good for the energy sector. Deregulation and a focus on American energy production have led to a boom in oil and gas companies. These stocks have been killing it.
• Materials: Same story here. Trump's push for infrastructure spending has been a major boost for materials companies, who are supplying the building blocks for new projects.
• Industrial: Trump's "America First" policies have also been a big deal for industrial companies. They're seeing increased demand for their products as the U.S. ramps up manufacturing.

So, who are these Tesla-beating stocks?

Let's get specific. Here are a few examples of stocks that have been crushing it since the "Trump Trade" started:

• ExxonMobil (XOM): The oil giant has seen its stock price surge since Trump's election, as deregulation and a focus on American energy production have boosted its profits.
• Caterpillar (CAT): The construction equipment maker has been a major beneficiary of Trump's infrastructure push, seeing strong demand for its products.
• Nucor (NUE): This steel producer has seen its stock price jump thanks to the tariffs Trump imposed on steel imports, which have protected domestic producers.

The bottom line?

While Tesla has been a hot stock, it's not the only game in town. Some other companies have actually seen even bigger gains, thanks to the "Trump Trade" and its impact on specific sectors. It's always a good idea to diversify your portfolio and look beyond the hype to find stocks that have the potential to outperform. Just sayin'.