The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
The U.S. Air Force's top general says he has not yet received direction to send additional bombers to the Middle East after what is believed to be an Iranian attack on Saudi...Defenseread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
With the first presidential debate on tap for Monday and poll numbers tightening, Wall Street is looking at the investment ramifications of a Donald Trump victory. There's one thing everyone on Wall Street seems to agree on: Like "The Donald's" campaign, it's going to be anything but a smooth ride.
"We continue to believe that a push higher by Trump or victory in November could result in heightened volatility," Credit Suisse's chief U.S. equity strategist Lori Calvasina wrote in a report to clients Thursday.
It's not just the uncertainty regarding Trump's policies that Credit Suisse believes is giving traders agita. History shows that since 1990 whenever the presidential party switched, the VIX had surged into election day.
The is "quite expensive" and as a result is "more vulnerable to bad news than good news," Calvasina adds.
The CBOE Volatility Index, or VIX, is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices, according to the CBOE. The VIX closed at 12.02 on Thursday.
"If the VIX spikes, our best guess is that it would move up to the 20-30 range, similar to what was seen in the 1992 and 2000 elections when a change in White House party also occurred," she said.
"In 1992, the VIX spiked from 12 to 21, and was accompanied by a 5.3% drop in the S&P 500 and a 4.5% drop in the Russell 2000. We think this is a decent point of comparison, and note that S&P 500 P/E's also appeared to be extended at the time."
In terms of the sectors that will do better if Trump continues to gain ground: "We find that Health Care (including both major industry groups and most sub groups) and Financials (particularly Banks and Insurance) have been most closely aligned with Trump's polling numbers so far in 2016...This may be due to perceptions that Trump is more favorable than Clinton for both sectors from a regulatory perspective."
Here are six stocks in the health care and financial sectors Credit Suisse says will be "winners" if Trump gets elected.