Which industries will prosper and which will suffer under President Trump
Published: November 9, 2016 / Author: The Washington Post
Oil drillers. Gas pipelines. Coal. Banks. Pharmaceuticals. Construction, industrial equipment. The defense industry.
Those are the likely winners of a Trump administration that could take the lid off coal and fracking regulations, begin a massive repair of the nation’s roads and bridges, rebuild defense, repeal the Dodd-Frank financial reform act and kill Obamacare.
One big loser? Foreign trade could suffer if the president-elect follows through on his plan to renegotiate trade agreements.
“Without a doubt, the obvious beneficiaries are defense, transportation and energy,” said Tim Loughran, a professor of finance at Notre Dame. “If there were more coal companies still on the market, they would be really hot right now. The transportation sector has been hit with excessive regulation. Trump should be able to fix that, too.”
Read the entire story on The Washington Post website.
Topics: Finance & Markets