Donald Trump wasn't the only big winner in November, the U.S. Dollar also emerged victorious, gaining approximately 4% since Election Day. And, analysts at Morgan Stanley say the Greenback could grow even stronger in the coming year. The investment bank is looking for the Dollar Index to gain 6% in 2017.
That said, if recent weakness in the Euro, Yen and Yuan continues, this could cause additional currency risks for Electrical Equipment-makers.
They add that multinationals including 3M (MMM) , United Technologies (UTX) , Honeywell (HON) and General Electric (GE) could also be pinched by a stronger dollar as more than 10% of their sales come from exports. (GE is a holding in Jim Cramer's Action Alerts PLUS portfolio.)