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Traditionally Republicans have been more significant friends of the oil and gas industry. Increasing domestic oil production would theoretically achieve several goals for the new administration: increase domestic economic activity and employment, increase domestic energy security, and lower oil and gas prices. Interestingly, oil and gas production in the United States right now, the world's largest producer, has never been higher, and oil and gas prices, while well above pre-COVID levels, have stabilized. The incoming Trump administration will likely reduce federal regulations on drilling, pipeline development, and environmental protections that limit the expansion of oil and gas projects. This infrastructure investment benefits the oil services industry by enabling more accessible transport and new development projects, which Biden canceled.
Persons: Trump, Kamala Harris's, Biden, YTD We'll Organizations: Republicans, Trump, Keystone XL, Dakota, Schlumberger, Schlumberger Ltd, HAL, CNBC, NBC UNIVERSAL Locations: Pennsylvania, United States, North, Halliburton, North America
Shortly after the opening bell, we'll be selling 10 shares of Broadcom at roughly $1,853 and buying 55 shares of Dover at roughly $179. AVGO YTD mountain Broadcom YTD Adding to the enthusiasm was the announcement of a 10-for-1 forward stock split, which came on the heels of one from our other chip name Nvidia . DOV YTD mountain Dover YTD We'll put more than half of the Broadcom sale proceeds to scale further into Dover, which also benefits from the data center infrastructure investment cycle. That data center energy play is also why we're in electrical component and power management giant Eaton . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, DOV, DOV YTD, We'll, Nvidia's Blackwell, ETN DOV, Jim Cramer, Jim Organizations: Broadcom, Dover, VMware, Nvidia, Products Company, CNBC Locations: Dover, Eaton
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