NEW YORK (TheStreet) --The citizens of the U.S. elected Donald Trump (R) as its 45th president during the early morning hours on Wednesday. The impact of last night's election results will influence not only the political and social landscape of this country, but also the financial markets.
"We are looking to buy certain stocks because this is now a very bifurcated market," TheStreet's Jim Cramer said during TheStreet's Facebook Live event this morning.
One sector Cramer is analyzing in particular is healthcare.
"I do not imagine Trump going to New Jersey and saying to the largest drug companies you have to rollback prices. I think what he will care about is ending the Affordable Care Act," Cramer stated.
Ending the Affordable Care Act, more commonly known as Obamacare, will yield several results.
"It means that the different HMO (Health Maintenance Organization) deals go through under a much more lenient anti-trust department, it means that the idea that we have to take the drug companies' profits and distribute them to others, is not going to happen," Cramer noted.
It also means that prior "witch hunts" impacting the likes of Mylan (MYL) will be much less of a focus, he added.
Another sector Cramer tackled was energy, specifically coal.
Donald Trump has said that he will decrease regulation that negatively weighed on coal and petroleum sectors.
"We will put our coal miners and our steelworkers back to work, where they want to be," Mr. Trump said at the Detroit Economic Club earlier this year.