Jim Cramer says these stocks and sectors could benefit if Trump is elected president again

Published Fri, Jun 28 20241:55 PM EDTUpdated Fri, Jun 28 20242:00 PM EDT

CNBC's Jim Cramer said Friday there are stocks and sectors that would benefit if Donald Trump were to become president again. "There are people ... saying it looks like you could pull forward what may be a Trump victory," Cramer said during the Morning Meeting for Investing Club members — based on Thursday night's debate between the former president and current President Joe Biden . Top Democrats are worried, with megadonors telling CNBC that they were alarmed by Biden's disappointing performance. There has been talk for months about whether Democrats could replace Biden as their candidate given concerns about his age. Cramer said he's not pro-Trump or pro-Biden. He just wants to help investors make money. He stressed that he's not advocating investors take immediate action on buying or selling stocks based on the presidential debate. Rather, he wants investors to consider different scenarios in the weeks and months leading up to the November election. If you think Trump will win the White House, Cramer said, "That means you can go buy the banks. That means you can go buy the natural gas and energy stocks," as well as Big Tech. He said that federal regulations and competition concerns under Trump would be less burdensome than under Biden. Banks and mergers Cramer said it makes sense to him that Wells Fargo was up nearly 3% on Friday but added that Morgan Stanley 's less than 1% increase was misplaced. He said Morgan Stanley, as a big investment bank, would benefit from more mergers and acquisitions being allowed to go through. Cramer said that deals being held up by regulators such as the supermarket merger of Kroger and Albertsons as well as Tapestry and Capri getting together in luxury fashion could happen. To be sure, though, long-dormant M & A activity and initial public offerings have picked up this year as the stock market reached new highs. Cramer also said he is contemplating buying back some of the Disney shares that the Club sold at much higher levels next week. He said he knows people might think that Disney is too "woke" under a Trump presidency, but said he cares more about how there could be a lot of M & A in media and Disney could benefit. Regulation Cramer said mega-cap tech companies in the crosshairs of the Biden administration's competition concerns such as Amazon and Alphabet would have an easier time under Trump. Cramer said that if you like these stocks now, which he said he does, they could be even bigger winners if there's a change in the White House. Energy and the environment Cramer called out New Fortress Energy as a winner if Trump won. Biden shelved a plan from the company to export liquified natural gas (LNG). Trump has vowed to allow it. Cramer also said Tesla might fare better under Trump and Biden because Trump is not pro-union. Biden's pro-union stance has helped the legacy American automakers including Club name Ford . Shares of Ford were up more than 2% on Friday, perhaps as Cramer speculated that automakers might not have to cut emissions as much during a Trump presidency. Our newest portfolio name Nextracker was under pressure Friday along with the whole solar group on Trump being perceived as less renewable and more oil and natural gas. Cramer said, though, that Nextracker's system that tracks the sun could do well anyway because tech companies need lots of power and have already made commitments to using sustainable energy sources. The Club started a Nextracker position on Thursday. China Trump has said he would be even tougher on China if he were re-elected. To be fair, Biden has been tough on China, keeping the Trump tariffs and putting rules in place to prevent the Chinese military from getting their hands on such things as the fastest artificial intelligence semiconductors. Cramer said that Trump back in the White House could mean a much broader trade war with China. If that happened, companies with big China exposure like Nike and Club name Starbucks might find themselves under further pressure.