11 Stocks Surging Higher From Donald Trump's Surprise Victory
Newmont Mining Corp. (NYSE: NEM) was last seen up 5.5% at $38.05, as this $19 billion Colorado-based gold miner wins from the rising price of gold. And gold is higher based on uncertainty. The consensus price target is $44.76, and the 52-week range is $16.05 to $46.07.
Update for close: Newmont closed up a less aggressive 2.7% at $37.04 on 11.8 million shares.
Pfizer Inc. (NYSE: PFE) is considered a winner here because of several issues, and shares were last seen up 7% at $32.10 on Wednesday morning. Perhaps they can do more overseas, but they were also the more battered versus Merck from highs. Deutsche Bank even noted to expect a health care rally for those that had been beaten up. Pfizer has a 52-week range of $28.25 to $37.39, with a consensus price target of $37.86.
Update for close: Pfizer closed up 6.7% at $32.01 on almost 113 million shares.
Raytheon Co. (NYSE: RTN) was last seen trading up 2.6% at $140.00, based upon Trump’s military spending commitment. Raytheon is a key winner if missile purchase and munitions are ordered. The stock has a 52-week range of $115.73 to $143.39 and a consensus price target of $155.63.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was last seen trading up over 5% at $40.76, based on the price collusion fears inside of the generic industry. Teva is the largest generic drug maker, and generic drugs should have done well under either candidate prior to the price hike woes. Shares had been hit hard ahead of the election, but the 52-week range is $37.82 to $66.55.
United States Steel Corp. (NYSE: X) is surging as it is a top dog in U.S. steel (even if it operates internationally too). International price protections here and tariffs should benefit the company. U.S. Steel shares were indicated up 9.7% at $23.00. The 52-week range is $6.15 to $27.64, and the prior consensus analyst target was $20.10.
VanEck Vectors Russia ETF (NYSEMKT: RSX) is of course not a stock but an exchange traded fund. This one covers Russia, and we have all heard the ties and innuendos over the past few weeks. Now Putin is asking for more full and immediate return of relations. The VanEck Vectors Russia ETF was last seen up 1.6% at $18.63, in a 52-week range of $11.81 to $19.34.
Update for close: closed up 2.4% at $18.78 on 16.3 million shares.
Corrections Corp. of America (NYSE: CXW) is going to be a serious winner here, with less and less pressure on for-profit prisons. The company is considered the bogeyman in the for-profit prison sector. Its shares had been at $14.19 prior to this move (versus a 52-week range of $12.99 to $35.05) as Clinton wanted to further limit for-profit prison use. Shares were last seen trading up 22.6% at $17.40, and that makes its market cap roughly $2 billion.
Update for close: Corrections Corp. closed up 42.8% at $20.27 on 22.8 million shares.