CNBC's Jim Cramer discusses the impact of President-elect Donald Trump's inauguration on the market and highlights earnings expectations for companies like Procter & Gamble, American Express, GE, Halliburton, Verizon, and Johnson & Johnson.
CNBC's Jim Cramer highlighted President-elect Donald Trump 's inauguration and earnings from companies including Procter & Gamble and American Express.
Cramer mused about what Trump's administration will mean for the market, noting that Wall Street believes him to be more pro-business than his predecessor, President Joe Biden. "We have no idea whether the next administration will live up to the lofty levels that the averages have now gotten," he said."Will Trump be pro-tech? Will he embrace mergers? Will a rising tide lift all boats?""We have no idea whether the next administration will live up to the lofty levels that the averages have now gotten," he said.
Trump's inauguration will take place on Monday, and Cramer noted that the President-elect has teased heavy action on day one, including deregulation, rollbacks of Biden's executive orders and extreme border restrictions and deportations. However, he said, it's unclear which of these changes will be allowed or acted on immediately.. Cramer said he bets the manufacturer will report a great quarter. He also said he expects the same from theare set to report Wednesday.
and American Express, and while he said he doesn't have much faith in the former, the latter could be a buy since shares usually drop when it reports.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyFirst Horizon CEO says he's cautious about interest rate cuts in 2025
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