The reason, according to a note from investment banking company Raymond James cited by The Street, is that Sen. Bernie Sanders’ win in New Hampshire makes President Donald Trump’s reelection chances better.
Raymond James said the independent senator from Vermont’s far-left policies, like Medicare for All, will be easier for President Trump to beat than more moderate approaches. A win by President Trump is generally seen as better for stocks, according to Raymond James.
After Mr. Sanders’ win in New Hampshire, shares of UnitedHealth, Cigna, Anthem and Centene were up more than 3 percent. Humana’s stocks were up more than 4 percent.
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