LIVE Stocks surge after Trump retakes the White House. Follow our live blog. Kuala Lumpur - Delayed Quote ? MYR MUI Properties Berhad (3913.KL) Follow Compare 0.3750 +0.0050 (+1.35%) At close: 4:58 PM GMT+8 Related News How to play healthcare stocks on Trump's win Healthcare stocks, particularly those with exposure to privately managed Medicare Advantage plans, are in focus after President-elect Donald Trump's victory. Jefferies healthcare services equity research analyst Brian Tanquilut joins Seana Smith and Brad Smith on Morning Brief to discuss what healthcare investors expect from a second Trump term. “There has been a lot of pressure over the last couple of years from the Biden administration, and these Medicare Advantage plans," Tanquilut says, adding, “The expectation is that because the Republican Party is very pro-Medicare Advantage, they'd rather have these private plans run the Medicare program away from the government-run program that we have right now through traditional Medicare, that the pressure on these plans will ease going forward.” The analyst says, “I think the reactions that we're seeing today are about appropriate, given that expectation and the sentiment that we've seen in the group.” He says going forward, “one of the things that we're watching really closely are these health insurance exchange subsidies,” which Congress needs to act on when they expire at the end of 2025. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 25 minutes ago CVS UNH NONOF Tesla stock soars: Musk's Trump support pays off in near-term Tesla (TSLA) shares surge with CEO Elon Musk's involvement in the US election seemingly pays off after President-elect Donald Trump's win. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber joins Seana Smith and Madison Mills on Catalysts to discuss what's next for Tesla and Musk. "Certainly, it puts Elon in the driver's seat as far as access to the White House," Kawasaki says, adding, "I think there's this difference between what's great for Elon and what's sort of great for Tesla." He explains for Tesla, the Trump win, "I would assume that this would help them [in] getting at least on a federal regulatory basis, get some of the heat off of them, because they have so many investigations. On a state level, it doesn't help them at alL, as far as getting approvals for robotaxis and such. You know, what I really think is it's too early to determine if Trump's going to roll back the subsidies to EVs, and this will hopefully prevent that from happening and hurting Tesla and, hence, the rally." Kawasaki notes, "I'm not buying any more [Tesla shares at this point]. You know, we've been lowering our stake in Tesla because it was our top position several years ago. We made a lot of money. We still think the challenges Tesla faces to get full self-driving to work are not going to be solved by Donald Trump coming into the White House." He adds, if anything, Musk's relationship with Trump could distract him from working at Tesla. He says, "If you want to own Tesla, you should. It's kind of what I say about bitcoin (BTC-USD). If you want to own bitcoin, own bitcoin. I can't tell you what it's going to do ... [Tesla is] part of our risk bucket in our portfolio and it's just not the biggest risk that we're taking today, which is more in things like computer chips like Nvidia (NVDA) because Tesla and Elon are sending all their money to Nvidia. And that's my preferred play right now in the market over the next several years." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 52 minutes ago TSLA Market jumps on Trump win: Relief rally on quick resolution US stocks (^DJI,^GSPC, ^IXIC) soar after President-elect Trump's win. Yahoo Finance's Josh Schafer joins Morning Brief Hosts Seana Smith and Brad Smith to take a closer look at the rally and which sectors stand out. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 2 hours ago ^DJI ^GSPC ^IXIC What Trump's victory means for the EV industry, Elon Musk Following former President Donald Trump's 2024 victory, one of the big sectors in focus for Wall Street is the EV (electric vehicle) industry. Wedbush analyst Dan Ives believes a Donald Trump presidency would be "a huge positive" for Tesla (TSLA) and its CEO, Elon Musk, a strong supporter of the president-elect. However, automakers like Tesla, Ford (F), General Motors (GM), Stellantis (STLA), and Rivian (RIVN) could feel the impact if Trump were to repeal EV tax credits. Yahoo Finance Anchor Brad Smith breaks down some of the big takeaways in the video above. For more market reaction to the 2024 election, click here. This post was written by Kevin Hall Yahoo Finance Video ? 2 hours ago F STLA RUN Why the stock market is up on Trump's win: Regulation, tax cuts All three major indexes (^DJI,^GSPC, ^IXIC) jump in premarket trading after former President Donald Trump secured a second term, winning the presidential election against Vice President Kamala Harris. American Action Forum president and the former director of the Congressional Budget Office from 2003 to 2005, Doug Holtz-Eakin, joins Julie Hyman and Seana Smith to discuss the expected economic impacts of Trump's win and why it's sending US stocks higher. "Certainly the most striking difference between the Biden administration, and what probably would have been the Harris administration, and Mr. Trump is in the regulatory area. The Biden administration has imposed $1.7 trillion of costs on the private sector in not yet four years. That's double what Obama did in eight years. During his four years as president, Donald Trump imposed $40 billion [in] regulatory costs. It's just night and day different on the regulatory front. There's no reason to believe that that will be any different the next time around," Holtz-Eakin tells Yahoo Finance. He adds there's "the unambiguous good news of extending the tax cuts, perhaps getting lower corporate rate as well," though "the question of what happens on the tariff front" persists as with Trump's plans representing "a headwind to growth." Holtz-Eakin says assessing the impact of Trump's tariff plans will depend on which party controls of the House. Another significant impact of Trump's reelection is on immigration. "There will be attempts to change the legal immigration system to minimize immigration to the US. Deportations are a wild card. He promised to deport 11 million people in the 2016 race. That never transpired. We did some work back then that said it would cost $400 [billion] or $500 billion and take about 20 years. None of that played out at all, so I've got an eye on that as well." The immigration plans Trump campaigned on could affect the labor market and, in turn, inflationary pressures. For more market reaction to the 2024 election, click here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 3 hours ago ^DJI ^GSPC ^IXIC What Trump's victory means for crypto, Tesla, and the markets As Donald Trump prepares for his second term in the White House, his impact is making its way through the stock market. U.S. stock futures are surging, bitcoin (BTC-USD) hit an all-time high this morning and continues to trade near record highs, and Tesla (TSLA) is surging in pre-market trading. Trump won the key battleground state of North Carolina and flipped other swing states including Pennsylvania, Georgia, and Wisconsin on his way to become the 47th President of the United States. Republicans also look poised to flip the Senate as Democrats fight to hold control of the House. The 10-year Treasury yield is moving higher. Potential Trump tariffs triggering investors to bet on a faster pace of inflation and a slower pace of interest rate cuts from the Fed. For the latest election news, check out Yahoo Finance's live election blog. This post was written by Daniel A. Nelson Yahoo Finance Video ? 5 hours ago BTC-USD ^GSPC TSLA Election 2024: Why crypto policy should be next president's focus The presidential election results could significantly impact various market sectors, with cryptocurrency emerging as a key focus area. "Trump has always been a little more friendly to the crypto environment, but even Harris had a kind of 'reset' where she kind of sat back down with the crypto community after seeing how influential these dollars were," IDX Advisors chief investment officer Ben McMillan told Yahoo Finance Anchor Josh Lipton. McMillan emphasizes that comprehensive crypto regulation should be a top priority for the next administration, noting that the current regulatory framework has been "haphazard" over the years. "With where we are as a country and our growth cycle, we can't be picking and choosing our spots for innovation, and crypto is a huge source of innovation," he states. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith Yahoo Finance Video ? 18 hours ago ETH-USD SOL-USD BTC-USD Will Elon Musk's 'big bet' on Trump pay off for him and Tesla? Billionaire Tesla (TSLA) CEO Elon Musk has been vocal in his support for former President Donald Trump's election campaign. Intelligent Alpha CEO and founder and Deepwater Asset Management managing partner Doug Clinton sits down with Josh Lipton on Market Domination Overtime to discuss what the election outcome means for Musk and how his political involvement affects investors. "It will be a very interesting night for Elon Musk," Clinton says, adding, "He's obviously made a really big bet on the election going one direction. And I think if it goes against him if Kamala Harris is elected president, I think it probably is a negative for him." He notes that Tesla could stand to benefit from a Harris presidency, given she could provide further tax incentives for electric vehicles as part of a green energy push. Clinton says that Musk will likely "find some way to try to mend fences and say, 'Look, obviously, it didn't go the way that we were campaigning, but we have this agenda that actually does very much align with some of the principles of the Democratic Party.' I mean, Elon probably has done more for bringing sustainable energy into the markets, kind of into the mass markets, really in the US and globally than maybe anybody else in the world." As an investor in Musk's companies, Clinton says, "We try to separate [Musk's companies from his politics]. At Deepwater, we are investors in xAI, and we're big believers that there's basically four companies on Earth that have a chance to build the foundation models that power sort of everything. It's Meta (META) with Llama, it's Google (GOOG, GOOGL) [with] Gemini, OpenAI with GPT, and then xAI with Grok. So that investment is really built, I think, more on just what can they do from a technical perspective." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan Yahoo Finance Video ? 18 hours ago TSLA What technicals are signaling about the market rally's future While equity markets (^DJI, ^IXIC, ^GSPC) adjust to November and election-related volatility, stocks could have more room to run higher especially as seasonality themes become core to market themes. Oppenheimer Head of Technical Analysis Ari Wald sits down with Seana Smith and Brad Smith to discuss what the technicals are telling investors. "This is all the seasonal roadmap is consistent with history. This 1% drop in October, consistent with the typical pre-election year moderation," Wald tells the Morning Brief. "And typically then as we get that uncertain event out of the way, the November, December tends to be a much stronger time of the year. And I would say just given the broadness of the move into the recent highs... just the broadness of the move would suggest that this is an uptrend that can continue." Wald goes on to discuss where there are more defensive opportunities in select sectors, and how small-cap stocks are branching out more to participate in these uptrends for markets. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 20 hours ago ^DJI ^IXIC ^RUT Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street braces for election results The polls are open, and investors are in wait-and-see mode to find out whether Harris or Trump will win — and how long it'll take to get a clear outcome. Yahoo Finance ? 20 hours ago NQ=F YM=F ES=F 'Trump trade' vs. 'Harris trade' explained: YF breakdown Election Day is here with voters across America casting their ballots for president. Yahoo Finance Reporter Alexandra Canal breaks down the ongoing market impact as investors weigh the potential outcome of either a victory for Vice President Kamala Harris or former President Donald Trump. Canal breaks down current trends in the 'Harris trade' vs 'Trump trade' and specific sectors that could see reactions after the election results are revealed. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 23 hours ago ^GSPC Amazon begins delivering select products via drone in Phoenix A few months after ending its drone-based delivery program, Prime Air, in California, Amazon says that it's begun making deliveries to select customers via drone in Phoenix, Arizona. Starting today, Amazon customers in the West Valley Phoenix Metro Area have access to a drone-deliverable selection from Amazon's catalog, including household, beauty, office, health, and tech supplies. Products must weigh five pounds or less to be eligible; Amazon says about 50,000 are available at launch. Customer TechCrunch ? 23 hours ago AMZN Caterpillar, Tesla Lead Post-Election Stock Picks: Oppenheimer Report Oppenheimer's Colin Rusch expects significant portfolio repositioning as investors react to policy changes GuruFocus.com ? 2 minutes ago TSLA CAT Trump's Win, Republican Sweep Expected to Bolster Tech and AI, Wedbush Says Trump's return to office could raise Tesla's stock by $40 to $50 per share, according to Wedbush analysts GuruFocus.com ? 16 minutes ago TSLA Tesla Soars While EV Rivals Slump as Trump Win Upends Market (Bloomberg) -- Tesla Inc. shares surged as investors wagered Donald Trump’s return to the White House will benefit Elon Musk’s company — even as the rest of the electric-vehicle market faces an increasingly cloudy outlook.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowThe carmaker’s chief executive officer was arguably the most prominent supporter of Republicans this election cycle, backing them w Bloomberg ? 35 minutes ago TSLA Tesla's Bright Future: How Trump's Win Affect Musk's Businesses Elon Musk's alliance with the newly re-elected Trump could reshape the future of electric vehicles GuruFocus.com ? 39 minutes ago TSLA Tesla's Stock Skyrockets 12%, Musk Richer by $15 billion as Trump Triumphs Tesla Zooms to Record Peak, Boosting Musk's Wealth Post-Trump Victory GuruFocus.com ? 40 minutes ago TSLA Exact Sciences Collapses On 'Alarming' Guidance Cut. Is The Growth Story Broken? Exact Sciences stock collapsed Wednesday after the Cologuard maker reported light third-quarter sales and cut its full-year outlook. Investor's Business Daily ? 44 minutes ago EXAS S&P 500 Hits All-Time Highs as Trump Wins Election: Markets Wrap (Bloomberg) -- Stocks hit all-time highs, bond yields jumped and the dollar was set for its best day since 2020, with investors mapping out Donald Trump’s return to the White House and what his policies will mean for markets.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowThe S&P 500 climbed 2%, heading toward its 48th record this year, on bets the newly elected president will enact pro-growth poli Bloomberg ? 45 minutes ago ^GSPC S&P 500 Leader To Report Earnings As Industry Dismisses Regulatory Rejection The sector has brushed off the rejected nuclear deal between Amazon.com and Talen Energy. Analyst consensus puts Vistra Q3 EPS ahead 9% to $1.64 on revenue of $5.01 billion, up 22% vs. Q3 2023. The nuclear power utility's third-quarter announcement comes after Constellation Energy reported better-than-expected third-quarter earnings and revenue while also narrowing its 2024 profit expectations early Monday. Investor's Business Daily ? 45 minutes ago CEG VST AMZN Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is FTSE Bursa Malaysia KLCI Return 3913.KL FTSE Bursa Malaysia KLCI YTD +97.37% +12.34% 1-Year +97.37% +12.71% 3-Year +103.64% +6.69%
