Cramer names stocks that could rise, or fall, if Trump wins in 2024

On Monday, CNBC’s Jim Cramer named the stocks that could see gains if Donald Trump returns to the White House, as well as those that could see losses — though he conceded that the former president’s moves can be difficult to predict.

“After this weekend, it certainly looks like Trump stocks are back,” he said. “Just keep in mind that many companies are big enough to transcend politics, and sometimes what counts as a Trump stock can change in the blink of an eye.”

Cramer said he wasn’t trying to predict the outcome of the election, but said Saturday’s assassination attempt had led many to believe Trump had a better chance of prevailing against President Joe Biden in the fall. Buyers Monday seemed to agree with that assessment, with many betting on stocks poised to do well under a Republican administration.

Trump will likely be more lenient than Biden on mergers and acquisitions, Cramer said. Large investment banks can help mergers succeed, Cramer said, so investors should pay attention to companies like JP Morgan, Goldman Sachs, Morgan Stanley And Bank of Americawhich all saw gains on Monday. He also suggested that the Trump administration would let Kroger acquire Albertson And Tapestry to snap up Corsairdeals that the Biden administration has tried to block.

Cramer says investors should avoid stocks related to environmental protection. According to the New York Times, during the first Trump administration, the government rolled back more than 100 environmental policies.

If government subsidies are eliminated, Cramer said, companies like Phase, SolarEdge, Sun Race And Sunnova — all of which were down at Monday’s close — could see their profits suffer.

“Eight years ago, in a moment of political fever, I put a button on my console that said, ‘Trump stocks, Trump stocks,’” he said. “After the events of this weekend, it seems I have to put it back.”

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Disclaimer The CNBC Investing Club Charitable Trust owns shares of Morgan Stanley.