Cramer expects energy stocks to rally if Republicans have a strong showing in the midterms

Cramer expects energy stocks to rally if Republicans have a strong showing in the midterms


Jim Cramer says energy stocks could rally if the GOP does well in midterm elections

CNBC’s Jim Cramer said he anticipates a near-term rally in energy stocks if Republican candidates perform well in Tuesday’s midterm elections and win a majority in at least one chamber of Congress.

Oil and gas companies should be among the “biggest winners” if that were to happen, Cramer said Monday night. He said shares of oilfield services firms — such as Halliburton and SLB, formerly known as Schlumberger — should be standouts in that scenario. Cramer’s Charitable Trust owns shares of Halliburton.

“Next up would be the oil and gas producers … that need more pipelines to bring their product to market,” Cramer added.

Outside of the energy sector, Cramer said Wall Street would likely interpret a strong Republican showing Tuesday as favorable for financials.

“The Biden administration is considered incredibly anti-bank, so you might want to buy the majors: JPMorgan, Bank of America, or Wells Fargo, the latter being a big position in the charitable trust,” he said.

To be sure, Cramer cautioned that the market’s reaction Wednesday to the election results depends on what happens in Tuesday’s trading session. On Monday, all three major U.S. stock indexes finished solidly higher — a move Cramer suggested was “a kneejerk presumption that a Republican victory [Tuesday night] will definitely lead to higher stock prices.”

“If the market keeps running [Tuesday] in anticipation of a Republican sweep, you need to be aware that we’ve already had a big move,” he said, “and that may be all we’re entitled to for now.”

Cramer said unless interest rates move lower or outlooks for corporate earnings improve, “there’s a lot that stays the same even when Congress changes hands.”

Jim Cramer explains how the stock market may interpret Tuesday's midterm elections

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Source

RFK Jr.’s CDC vaccine panel backs Merck RSV shot for infants
Business

RFK Jr.’s CDC vaccine panel backs Merck RSV shot for infants

Nikos Pekiaridis | Nurphoto | Getty Images Robert F. Kennedy Jr.’s revamped government panel of outside vaccine advisors on Thursday recommended the use of Merck‘s shot to protect infants from respiratory syncytial virus, a temporary reprieve for public health officials and companies concerned about the Health and Human Services secretary’s immunization policy. The group, called […]

Read More
Pixar’s ‘Elio’ is emblematic of a bigger headwind for Hollywood
Business

Pixar’s ‘Elio’ is emblematic of a bigger headwind for Hollywood

A still from Disney and Pixar’s animated film “Elio.” Disney Disney’s Pixar animation studio had its worst opening ever over the weekend — and its problems aren’t unique. “Elio,” the story of a young boy who is mistakenly identified as Earth’s ambassador to the universe, tallied just $21 million in ticket sales during its first […]

Read More
PayPal teams up with the Big Ten and Big 12 to enable payments to student-athletes
Business

PayPal teams up with the Big Ten and Big 12 to enable payments to student-athletes

Head coach Dusty May and players of the Michigan Wolverines celebrate after defeating the Wisconsin Badgers in the Big Ten men’s basketball tournament championship game at Gainbridge Fieldhouse on March 16, 2025 in Indianapolis, Indiana. Aaron J. Thornton | Getty Images Global payment company PayPal announced on Thursday that it has inked a deal with […]

Read More