Shares are rising as Joe Biden is inaugurated Wednesday as the 46th president of the United States. These are the best values to buy for the Biden presidency.
Katherine Ross and Jim Cramer of TheStreet discussed the latest news on the stock market. Cramer spoke about the gains from Ford, Procter & Gamble and the executive orders that President Biden will soon announce.
Ford: buy or sell?
Ford shares rose Wednesday after Deutsche Bank added the automaker to its short-term shopping list.
Investment firm analyst Emmanuel Rosner made the move as he expects government spending on infrastructure and vehicle electrification to rise under the new administration of Joe Biden.
Cramer said the automotive sector, which is part of the remote work, will be key to monitoring during the first 100 days of the Biden administration. “People don’t understand that we’re in a hybrid society now because we’ve tasted the idea of not going to the office and we don’t want to go back. So people who have jobs and commute can be a thing of the past, particularly with a president who is anti-light fuel. The remote work is Ford and GM. I prefer Ford and he has been a notable winner. Because of Jim Farley he is running Ford. “
Procter & Gamble: Want to buy or sell?
Consumer goods (PG) – Get the report the giant on Wednesday posted gains that exceeded Wall Street estimates and boosted its outlook for the fiscal year, as higher demand for household cleaning and sanitary products boosted revenue by 8% more.
Cramer said you have to be careful with P&G because they didn’t make a solid conference call. When you have a stock like P&G and it has risen so much, you have to be very careful. The decline in US consumption from December to January is greatly hurting this stock. Don’t touch it today. “
Executive orders will be issued by Biden
On his first day in office, President Joe Biden is expected to sign 17 executive actions: 15 will be executive orders, some of which will reverse the decisions of his predecessor, President Trump, according to media reports.
Cramer said orders could be positive for different types of stocks. “You don’t want to be in oil stocks because they will be much more regulated. If you don’t let anyone drill more, go to the headlines. And you would just go buy Chevron (CLC) – Get the report and Pioneer Pioneer. There will be a premium on anything that does not pollute. “
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