Cramer names oil and natural gas stocks set to do well under Trump
Portfolio Pulse from
Jim Cramer suggests that oil and natural gas stocks are likely to perform well under President-elect Donald Trump, who is more favorable to the industry compared to President Joe Biden. An oil executive is expected to lead the Department of Energy.
November 23, 2024 | 12:00 am
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POSITIVE IMPACT
BNO, an ETF related to oil, may see positive performance due to Trump's favorable stance on the oil industry and the appointment of an oil executive to the Department of Energy.
BNO is an ETF that tracks the price of oil. With Trump's administration expected to be more supportive of the oil industry, and an oil executive leading the Department of Energy, there is a likely positive impact on oil prices, benefiting BNO.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80