Jim Cramer's Top 10 Things to Watch in the Stock Market on Wednesday: Trump Victory Edition

1. According to NBC News forecasts, Wall Street was poised for a major rebound following Donald Trump's victory in the presidential election. Dow futures led the way, rising 3%, or about 1,250 points. Republicans are expected to win control of the Senate. The majority in the House of Representatives is still too narrow to call.

2. U.S. bond yields soared, meaning investors sold Treasury bonds in favor of riskier assets like stocks. The 10-year Treasury yield rose to 4.47%, its highest level since July. The bond market was betting that Trump's presidency would boost economic growth and government spending.

3. The Federal Reserve begins its two-day November meeting on Wednesday. The markets see an interest rate cut of 25 basis points on Thursday as a lock. But the chances of another 25 in December were slimmer after Trump's victory, with the chance of a break topping 30%.

4. The biggest winner of the presidential election result was Teslawith shares rising more than 12% on Wednesday. CEO Elon Musk campaigned heavily for Trump, whose calls for China tariffs and anti-union stance would protect Tesla.

5. As for the rest of the “Magnificent Seven” shares, all owned by the club, alphabet is seen as an advantage because the Justice Department is getting a new antitrust chief. The same applies to Apple on the DOJ, but the iPhone maker still makes too much in China.

6. Amazon is complex: The FTC under Trump will no longer be an issue. But Trump used to dislike Amazon when it came to postal matters. So, we'll see. Possible animus for Metaplatforms but a block from TikTok would help. No animus for that Microsoft. Could the software and cloud giant end up being a big winner?

7. Nvidia's is a crucial chip manufacturing partner Taiwan Semiconductor Manufacturing Companyand it imports many chips from the democratically ruled island that China claims as its own. Will Taiwan be protected under a second Trump administration?

8. Winners outside the Mag 7: Less regulation is a big advantage for investment banks and commercial banks, although Wednesday's strength has us taking profits in two of our financial stocks. Crypto is a winner, and SEC Chairman Gary Gensler is likely to be replaced. Will we see a Bitcoin national reserve?

9. Other winners: communications stocks thanks to likely permitted mergers. Really any industry in need of consolidation could be a big winner. The same applies to the steel and old fashion industries. There will probably be less regulation for health insurance companies. When it comes to oil, we may see more drilling, but could it be too much drilling?

10. Lots of losers. Solar and wind energy are big losers. The same applies to anything that has a major connection to China. Also everything in Mexico. Bitcoin opponents are also in this camp.

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