Trump prepares to unleash a wave of first-day orders on everything from oil drilling to TikTok
Published On Jan 20, 2025, 8:16 AM
Donald Trump is preparing to enact a significant number of executive orders on the first day of his new presidency, focusing heavily on energy policies, including the opening of oil drilling and reversing restrictions placed during the Biden administration. This could lead to a surge in traditional energy stocks. Additionally, Trump plans to address issues surrounding TikTok, immigration, and potentially student loans and tariffs, although the exact implications of these actions are still uncertain.
Stock Forecasts
XLE
Positive
With Trump's focus on reversing Biden-era limitations and promoting energy production, stocks in the energy sector, particularly fossil fuel companies, are expected to perform positively. This could be a strong signal for investors looking at traditional energy stocks or ETFs that focus on this sector.
XOM
Positive
Energy companies are expected to benefit significantly as regulatory restrictions are rolled back, allowing for more drilling activities. Companies like ExxonMobil could see positive momentum as the new administration supports increased energy production.
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