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<ul class="summary-list"><li>Freddie Mac and Fannie Mae shares surged post-Trump election win, up 74% and 70%, respectively.</li><li>Trump's second presidency could end government control of the agencies, reshaping the mortgage industry.</li></ul>While Tesla and bitcoin soared in the wake of Donald Trump's election victory, shares of two firms connected to a key corner of the US economy have also surged on the potential for a big shake-up. The preferred shares of <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/fmcc-stock">Freddie Mac</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/fnma-stock">Fannie Mae</a>, the mortgage finance giants that entered government conservatorship during the 2008 financial crisis, have soared in the past week. Shares of Freddie Mac and Fannie Mae are up 74% and 70%, respectively, since Trump won the election. Behind the massive gains are hopes that a second Trump presidency could release both companies from their government conservatorship, potentially reshaping the US mortgage industry."The re-election of former President Donald Trump revives the effort to get Fannie Mae and Freddie Mac out of government conservatorship," Bloomberg Intelligence analyst Ben Elliott wrote in a recent note.In 2008, the US government bailed out both companies and took them over to prevent the housing market from crashing and ensure that mortgages were still available to prospective homebuyers.While the companies don't originate mortgages, they buy home loans from lenders and securitize them, offering liquidity to a market that deals in a relatively illiquid product.Since then, excess profits generated by both companies have been paid to the US Treasury rather than their investors, which is why the preferred shares of both Freddie Mac and Fannie Mae have traded below $5 for much of the past 15 years.However, a recent <a target="_blank" class="" href="https://www.wsj.com/politics/policy/trump-allies-are-working-on-plans-to-privatize-fannie-and-freddie-a9c4e5ff">report from The Wall Street Journal</a> suggests that members of Trump's inner circle, such as Larry Kudlow and John McEntee, are discussing plans to re-privatize the two companies.Those against the plan worry that the privatization of Freddie Mac and Fannie Mae would result in <a target="_blank" class="" href="https://apnews.com/article/fannie-freddie-conservatorship-trump-project-2025-mortgages-686bd902ce630a64c90f9373bee9e2be">higher mortgage rates</a> and a resurgence in risky behavior that led to the 2008 crisis, while supporters say the companies are well-capitalized and in a much stronger financial position than they were during the 2008 Financial Crisis.Hedge fund boss and potential pick for Treasury Secretary under Trump, John Paulson, is among some of the big holders of Fannie and Freddie shares who stand to benefit from their privatization. While a second Trump presidency may try to move ahead with plans to privatize the mortgage finance giants, efforts to do so during his first administration fizzled. Bloomberg Intelligence analysts said privatizing the companies would be a long process that "at best" would not occur until 2026 or 2027.

An under-the-radar Trump trade has soared on hopes of a big shake-up in the US mortgage industry

<ul class="summary-list"><li>Crypto PAC Fairshake has raised tens of millions of dollars for the 2026 midterms.</li><li>The latest haul came from VC firm Andreessen Horowitz and crypto exchange Coinbase. </li></ul>Forget about the election, the crypto industry is already thinking about the 2026 midterms.Fairshake, a bipartisan super political action committee that aims to elect pro-crypto politicians, has already raised $78 million for the 2026 midterm elections.That amount comprises $30 million in existing donations and over $48 million in new pledges from Coinbase Global and venture capital firm Andreessen Horowitz.Also known as a16z, the famed Silicon Valley VC firm <a target="_blank" class="" href="https://a16zcrypto.com/posts/article/a-long-term-view-of-crypto-policy/">announced on Monday</a> that it had committed $23 million to the PAC."Regardless of what happens in the 2024 elections, we're committed to supporting policymakers, irrespective of party affiliation, who will work to establish a practical regulatory framework that protects consumers while allowing the industry to grow," managing partner Chris Dixon wrote.He added that the firm will continue meeting with policymakers to advocate for crypto.a16z's pledge comes after crypto exchange Coinbase announced a <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/election-crypto-political-funding-pac-coinbase-ceo-trump-harris-congress-2024-10?_gl=1*2rz804*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDc0MTAxOS4zNTUuMC4xNzMwNzQxMDE5LjYwLjAuMA..">commitment of $25 million</a> last week.CEO Brian Armstrong <a target="_blank" class="" href="https://x.com/brian_armstrong/status/1851729070171811910?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1851729070171811910%7Ctwgr%5Ef9faf505d992fbddfacca118c21c1f0599a1a42e%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-10-31%2Fcoinbase-pledges-further-25-million-of-funding-for-fairshake-pac">announced the donation on X</a>, saying that the exchange wouldn't be slowing its advocacy efforts after the 2024 election. "We get the US election results in six days, and no matter how you slice it, it will be the most pro-crypto congress ever. But we're not slowing down post-election," Armstrong wrote, adding, "The crypto voter is already a force to be reckoned with, but it will continue to grow."In a CNBC interview, Armstrong pointed to the surging number of congressional candidates who have received pro-crypto scores from the nonprofit Stand With Crypto.The midterm election donations add momentum the already heavy spending by the crypto industry in the current election cycle.An <a target="_blank" href="https://www.citizen.org/article/big-crypto-big-spending-2024/">August report</a> from the nonprofit watchdog group Public Citizen found that almost half of all the corporate money going into this year's elections is from the crypto industry.

The crypto industry is already looking past the election to the 2026 midterms with $78 million aimed at pro-crypto candidates

<ul class="summary-list"><li>Bank of America upgraded Johnson Controls to 'Buy' for its exposure to AI data centers.</li><li>Johnson Controls is a top provider of thermal cooling equipment and other data center solutions.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/jci-stock">Johnson Controls</a> is the stock to buy for safe exposure to the AI boom, according to a note this week from <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America.</a>The bank upgraded shares of Johnson Controls to "Buy" from "Neutral" and increased its price target to $80 from $76, representing potential upside of about 15% from where the stock was trading on Thursday. The bank said the industrial company that sells everything from security cameras to HVAC systems offs investors exposure to "best-in-class data center assets.""We find that JCI is the second-largest provider of thermal equipment (~15% market share), with leading market share in chillers. JCI also sells building automation systems, security, and fire protection equipment into data centers," Bank of America analyst Andrew Obin said.Johnson Controls will generate about $4 billion in revenue from data centers this year, representing about 14% of its business. That is more than triple the data center exposure its closest competitors have, including <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/tt-stock">Trane Technologies</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/carr-stock">Carrier.</a>One of Johnson Controls' best-selling products to datacenters is liquid-cooling systems, which help distribute and offset <a target="_blank" class="" href="https://www.businessinsider.com/ai-data-centers-us-power-grid-gpu-nvidia-cerebras-amazon-2024-7">the immense heat generated by AI-focused servers.</a>"One megawatt of power supplied to a data center requires approximately 285 tons of cooling, similar to the requirements for a 115,000 square foot commercial building," Obin explained.And that's where Johnson Control's water-cooled centrifugal chiller and computer room air handling products come into play.As for a potential catalyst for Johnson Controls, aside from its data center exposure, Bank of America highlighted its ongoing search for a new CEO."We expect a new CEO announcement before the end of the year and view this as a positive catalyst. Combined with activist investor involvement, we believe this potentially signals a new strategic direction for the company," Obin said.Finally, Johnson Controls offers investors an appealing margin of safety relative to other AI stocks that have been high-fliers over the past year.That's because Johnson Controls stock is trading at a significant valuation discount relative to its closest competitors. Its forward price-to-earnings ratio of 18x is even lower than the broader S&amp;P 500's valuation of about 21x."JCI hypothetically re-rating fully in line with the average of these HVAC peers would imply a 57% higher valuation," Obin said.Shares of Johnson Controls have been on a tear this year as investors wake up to its AI data center exposure, with the stock up up 22% year-to-date.

An under-the-radar industrial stock is a safe way to bet on the AI boom, Bank of America says

<ul class="summary-list"><li>A "harsh winter" is looming over China's steel sector, industry leader Baowu said.</li><li>The firm expects the crisis to be worse than 2008 and 2015 downturns.</li></ul>Steelmaker giant Baowu warned that the industry is falling into dire straits, as a severe Chinese downturn could spell trouble for worldwide producers.According to a company statement cited by <a target="_blank" href="https://www.google.com/search?q=World%E2%80%99s+Top+Steel+Producer+Warns+of+%E2%80%98Severe%E2%80%99+Industry+Crisis&amp;rlz=1C5GCEM_enUS1094US1095&amp;oq=World%E2%80%99s+Top+Steel+Producer+Warns+of+%E2%80%98Severe%E2%80%99+Industry+Crisis&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIKCAEQABiABBiiBDIKCAIQABiABBiiBDIKCAMQABiABBiiBDIKCAQQABiABBiiBDIKCAUQABiABBiiBDIGCAYQRRg80gEHMjQ1ajBqN6gCALACAA&amp;sourceid=chrome&amp;ie=UTF-8">Bloomberg</a>, the firm's chair Hu Wangming told staff that a "harsh winter" was looming over the country's steel sector, with conditions that are "longer, colder and more difficult to endure than we expected."Though China's industry has experienced serious difficulty in 2008 and 2015, producers should brace for a more extreme challenge, Hu added. Those crises were eventually rectified by stimulus aid, Bloomberg said, but that's a less certain prospect given Beijing's <a target="_blank" href="https://www.businessinsider.com/china-economy-outlook-beijing-real-estate-markets-ehman-2024-2023-12">current economic approach</a>.Although Baowu itself offered few explanations for the sector's gloomy outlook, a lot can likely be explained by general conditions roiling through China. Momentum in the world's second-largest economy has been lackluster since the pandemic, while industrial production and <a target="_blank" href="https://www.businessinsider.com/china-outlook-home-prices-slumped-beijing-property-crisis-real-estate-2024-4">real estate demand</a> have suffered.According to data cited by <a target="_blank" href="https://www.ft.com/content/41c9fa0d-9b3e-48d4-b4b4-bb8f8863c0e0">the Financial Times</a>, steel-intensive construction starts have fallen 24% in this year's first half, extending last year's 21% reduction.That's left steelmakers with more steel supply than they can use, and the industry is leaning on foreign markets to resolve this.But dumping large amounts of the metal in other countries bodes ill for ex-China producers.Prices of steel-related components are already sliding. <a target="_blank" href="https://markets.businessinsider.com/commodities/iron-ore-price">Iron</a> ore futures in Singapore fell as low as 3.4% to $95.2, Bloomberg said, the cheapest level since May 2023. Meanwhile, rebar futures slumped 4% to a 2017 low.As the world's largest steelmaker, Baowu's words carry weight among global players. According to Bloomberg, it makes up 7% of the international steel supply.

You Searched For "industrials" and got 4 results

An under-the-radar Trump trade has soared on hopes of a big shake-up in the US mortgage industry

Matthew Fox

The crypto industry is already looking past the election to the 2026 midterms with $78 million aimed at pro-crypto candidates

Kelly Cloonan

An under-the-radar industrial stock is a safe way to bet on the AI boom, Bank of America says

Matthew Fox

The world's biggest steelmaker warns of a looming industry crisis that will outpace 2008's downturn

Filip De Mott

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