Wall Street is already sorting the winners and losers of the blue waveSolar is ripping, with $First Solar(FSLR.US) up 14…

Wall Street is already sorting the winners and losers of the blue wave

Solar is ripping, with $First Solar(FSLR.US) up 14%, $Sunrun(RUN.US) up 13% and $Enphase Energy(ENPH.US) up 12% in early trading after Democrats took both the House and the Senate

Big Tech is joining in, with $Amazon(AMZN.US) up 7%, $Microsoft(MSFT.US) up 5% and $Apple(AAPL.US) up 5% as investors bet a divided Washington means fewer sweeping policy shocks

On the other side, Trump Media $Trump Media & Tech(DJT.US) is down 11% and bitcoin miner turned data center operator $Hut 8 Mining(HUT.US) is down 11%, with $Core Scientific, Inc.(CORZ.US) off 6% on fears of tighter rules on data center construction

Defense names are sliding too, with $Lockheed Martin(LMT.US), $Northrop Grumman(NOC.US) and $RTX(RTX.US) down 3% to 5% as Trump's $1.5 trillion budget request now faces a much tougher Congress

$Tesla(TSLA.US) is down 4% after Elon Musk spent nearly half a billion dollars backing Republican candidates

The S&P 500 is up about 1.7% and the Dow is up more than 1,000 points

Markets are pricing gridlock as good news for the biggest balance sheets and bad news for anything that leaned on Washington's support, and the real test is whether this rotation holds once the headlines fade

Source: StockMarket.News