Trump's win, Dow's surge, Musk's bet, and the Mag 7: What Wall Street is saying

Yahoo Finance11-07

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Another four-year stay at the White House confirmed. Former President Donald Trump has won ...

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He will be the nation’s 47th president.Importantly, Trump won the key battleground states of Pennsylvania, Georgia, and North Carolina. A confirmed win in Wisconsin — another swing state — put Trump over the top, with 277 electoral college votes as of early Wednesday.Republicans are also set to take control of the Senate for the first time in four years following key wins in West Virginia and Ohio. Control of the House remained in the balance on Wednesday afternoon.Trump's round two has unleashed a host of key trades too.The win could put Tesla CEO Elon Musk in the pole position to shape electric vehicles' future given his strong backing of Trump.\"Overall though we think that a Trump win means higher inflati","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","NFLX":"奈飞","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","META":"Meta Platforms, Inc.","AMZN":"亚马逊","TSLA":"特斯拉","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","GOOG":"谷歌","XMAG":"Defiance Large Cap ex-Mag 7 ETF","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","GOOGL":"谷歌A","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4532":"文艺复兴科技持仓","AAPL":"苹果","NVDA":"英伟达","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","MSFT":"微软","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","JPM":"摩根大通","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4524":"宅经济概念","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4559":"巴菲特持仓","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","MSTR":"MicroStrategy","BA":"波音","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H"},"translate_title":"特朗普的胜利、道琼斯指数的飙升、马斯克的赌注和Mag 7：华尔街在说什么","themeId":"490d6f6c5fcb80d05aa3cf65544edd69","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XMAG":1,"AMZN":0.9,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9,"TSLA":0.9,"NVDA":0.9,"NFLX":0.9,"MSFT":0.9,"META":0.9,"AAPL":0.9,"BA":0.9,"GOOG":0.9,"GOOGL":0.9,"TSLL":0.84,"MSTR":0.7,"US912797HE00.BOND":0.6,"JPM":0.6},"content_text":"Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.\nAnother four-year stay at the White House confirmed.\nFormer President Donald Trump has won a second term as president of the United States after a strong showing at the polls. He will be the nation’s 47th president. \nImportantly, Trump won the key battleground states of Pennsylvania, Georgia, and North Carolina. A confirmed win in Wisconsin — another swing state — put Trump over the top, with 277 electoral college votes as of early Wednesday.\nRepublicans are also set to take control of the Senate for the first time in four years following key wins in West Virginia and Ohio. Control of the House remained in the balance on Wednesday afternoon.\nThe Dow Jones Industrial Average (^DJI) skyrocketed more than 1,300 points to a record 43,569 by midday as investors raced to price in tax cuts, among other policies Trump has floated. Strong gains were also notched on the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC).\n\"I don't know that it's too much too soon,\" Truist co-chief investment officer Keith Lerner said on Yahoo Finance's Opening Bid podcast (video above; listen in below). \"If you think about it coming into this [election], there was a real contention between the [outcomes]. So once you gain some clarity, and it looks like this won't extend or be a contested election, there's a relief rally.\"\n\nTrump's round two has unleashed a host of key trades too.\nTesla stock (TSLA) surged 14% to $286 during the session. The company's ticker page was the most active on Yahoo Finance through midday. \nThe win could put Tesla CEO Elon Musk in the pole position to shape electric vehicles' future given his strong backing of Trump.\n“Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players (BYD, Nio, etc.) from flooding the US market over the coming years,” Wedbush analyst and Tesla bull Dan Ives wrote in a client note.\nBitcoin (BTC-USD) prices are also moving higher, with Trump promising during his campaign to make the US a digital currency superpower. The move also likely reflects an investor bet on an SEC shakeup that could result in a more digital asset-friendly chairman.\n“With Trump leading the US presidential race and GOP likely to flip the Senate, we believe the regulatory headwind for crypto has turned into a tailwind and the market is nowhere close to factoring in this shift,” Bernstein analyst Gautam Chhugani said.\nMeanwhile, the 10-year Treasury is climbing. Pros believe Trump’s desire to jack up tariffs on imports and cut taxes could push up inflation, which could reduce the pace of rate cuts from the Federal Reserve.\n\"Overall though we think that a Trump win means higher inflation in the near-term versus the status quo with Harris, but slower growth (potentially shaving up to 0.5pp off of GDP in 2025 and 2026),\" TD’s head of global strategy Rich Kelley wrote. \"For FOMC policy, we think the Fed will continue to ease this year, but likely take a pause in the first half of 2025 as it waits to get a better sense of the impact of the new administration's policies on inflation and growth.\"\nHere's what Wall Street said on Opening Bid about a couple of key topics in the wake of Trump's historic win.\nTruist co-chief investment officer Keith Lerner on the Fed\n\"The Fed is important, but it's probably not as important as it has been. Markets are still pricing in above 90% chance of a rate cut. I think what happens really is more about the policies that compound and what does that mean for growth? What does it mean for inflation and interest rates? If we look at all this together, it likely means whatever path the Fed was on before, they're probably going to move a little bit slower if we have a little bit stronger growth, a little bit more inflation. But overall, I would prefer an economy that's strong, that supports earnings, to an economy that needs more rate cuts because it's weakening.\"  \nWind Shift Capital founder Bill Blain on Tesla\n\"Tesla was one of the shorts that I was proposing last week if Harris had won. Clearly, that's not going to happen. It's all about Musk and what Musk's going to get. And if Musk does get this role at a Department of Government Efficiency, you regulate the whole thing about self-driving, and then that is finally going to be something you can say is really different and valuable about Tesla.\n\"I suspect that this is probably boosterism, and it's not going to be long-term. There are some fantastic things that could well happen for Musk in a new government. And one of the things I sort of jokingly commented about last week, is imagine in Trump's second year that Musk comes in with his undoubted skills and rescues the ailing Boeing. Boeing joins with Musk's SpaceX and creates something new and really exciting.\"\nState Street head of global equity research Marija Veitmane on 'Magnificent 7' stocks\n\"Definitely buy [the \"Magnificent 7,\" which consists of Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta, and Tesla], absolutely 100%. I mean, that's pretty much the one area which has strong earnings growth anywhere in the world. I just don't see earnings power anywhere else in the world. So in a world where money is coming to equities, tech looks spectacularly better than anything else.\"\nThree times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service.\nBrian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.\nClick here for in-depth analysis of the latest stock market news and events moving stock prices\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481130931"}