Jim Cramer Says Potential For More Stimulus Under Democrats Is Great for This Stock

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:44

It's Wednesday, and we know the outcome from one of the two Georgia Senate races.

Democrat Raphael Warnock beat Republican Kelly Loeffler, but the race between Republican David Perdue and Democrat Jon Ossoff is too close to call currently.

These two races are important to determine the control of Congress. If both Democrats win, then the Democrats would take control of Congress with Vice President-elect Kamala Harris having the final vote on Senate tie-breakers.

This also means that President-elect Joe Biden's promises for more fiscal stimulus, higher taxes, and his energy plans would face less scrutiny than if the GOP is able to maintain its hold on Congress.

In the video above, Jim Cramer breaks down why markets are rallying despite the potential of a once feared Democrat-controlled Senate and which stock he would buy right now. 

WATCH: Everything Jim Cramer Is Watching in the Stock Market Wednesday

2020’s Most Popular Videos From TheStreet and Jim Cramer: