The unexpected victory of Donald Trump on the US election has implications for all economic sectors, from highly regulated sectors of medicine, energy and finance, to less regulated technology sector, which provides jobs for foreigners.
It can be argued that the health sector is the most vulnerable to the Trump policies, given its intention to cancel the effect of the Affordable Health Care Act. Cancellation of this law would leave about 20 million people without health insurance. However, pharmaceutical companies, it is assumed that they will be able to benefit as regulatory program Trump price is considered to be less sharp than his opponent, Hillary Clinton. Shares of biotechnology companies are expected to benefit for the same reason - lack of rigid legal regulation.
Companies producing alternative energy, in particular hydrochloric finite suffered on Wednesday, November 9 and is expected to suffer the most, led by Trump. He poobschel energy revolution, which largely focuses on traditional energy sources. He promised to revive the coal industry, in spite of a wave of bankruptcies.
The aviation industry and defense
Military-industrial companies are expected to benefit from the Trump victory. The new president has promised to free up funds for military spending.
Banks and other financial institutions are expected to use the greatest benefits of winning Trump. The new president has promised to review the system of regulation of the post-crisis era. Complete surprise may be the decision to renew the bill Trump Glass-Steagall Act, which prohibited commercial banks from engaging in investment activity, significantly limited the rights of banks in securities transactions and introducing compulsory insurance of bank deposits.
As for investment banks: Trump's policies may limit cross-border mergers and acquisitions, and higher interest rates and large credit spreads may adversely affect the signing of the deals.
Engineering and construction companies are expected to benefit if the Tramp will stick to its promise to make the American infrastructure "strong again." On Wednesday, most stocks rose to multi-year highs, including the shares of companies that could help build the border between the US and Mexico. Trump said he would urge the unemployed to repair roads, highways and bridges.
Trump's promise to cut the corporate tax rate may allow some technology companies with massive cash reserves abroad to return these funds to their homeland without the risk of paying taxes in the amount of 35%. This will benefit the shareholders, if the funds will be used for the redemption of shares and payment of dividends. Also, tax reduction will help create new jobs.
Based on materials WELTRADE