This past week with Trump in office, he made many executive orders and statements personally and from his Twitter account. Investors have been buying up stocks that they believe will perform well based on Trumps plans.
Global X Uranium ETF (URA) is up almost 8.00% in the past week Uranium mining company Cameco (CCJ) is up 8.54% in the past week Teekay Corp provides crude oil and has marine transportation (TK) is up 9.76% but dropped today pretty drastically. Caterpillar (CAT) which makes construction equipment is up 3.39%in the past week due to the executive order regarding his wall. With speculations of deregulation of the financial sector Wells Fargo (WFC) is up 4.51% this week CoreCivic (CXW) a private prison business is up 6.12% this week
All these stocks and more have risen this week and the DOW broke 20,000 points.
Is there a sell off coming in the near future? This is all hype with no real returns on business yet. I forsee a sell off early next week. Thoughts?
Submitted January 26, 2017 at 04:30PM by michalk28 http://ift.tt/2jWtte1
