The Wall Street CEO raising his hand to run Trump’s economy

Published On Nov 12, 2024, 8:24 AM

Howard Lutnick, the CEO of Cantor Fitzgerald, is positioning himself for a significant role in a potential Trump administration, possibly as Treasury Secretary. He has strong ties to Trump and is working to streamline government functions while pushing for energy policies that would increase US oil production. Lutnick’s influence could also benefit firms like Cantor and BGC Group, which may see advantages from regulatory changes and increased business ties with the administration.

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Stock Forecasts

NMRKView NMRK chart on TradingView

Positive

Lutnick's potential ascension within a Trump administration could lead to favorable conditions for financial and real estate sectors. Increased oil drilling and possible regulatory rollbacks may boost companies involved in energy and infrastructure. As Cantor Fitzgerald and related firms are positioned to benefit from his political connections, we expect positive momentum for related stocks.

BGCView BGC chart on TradingView

Positive

With Lutnick’s business interests and close association with impending administration policies, BGC Group Inc. stands to gain from potential changes in regulatory frameworks that could enhance growth prospects in the financial services sector. The recent increase in its stock price post-election signifies market optimism.

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