The market has quickly passed judgment on which companies will prosper under a Trump administration and which will disappoint, asserts Gordon Pape, editor of Internet Wealth Builder.

Here are some of the immediate winners in the wake of the Trump election, drawn from a review of the stock currently on our Recommended List.

Wells Fargo & Company (WFC)

What a difference an election makes! When I last reviewed this stock in early October, it was trading below $45 and the company was struggling to cope with a massive scandal involving the creation of two million unauthorized accounts.

But in the aftermath of Donald Trump's election, all U.S. banks moved sharply higher including this one, which jumped by almost 20% in the week after the vote before settling back a bit. The reason: the market expects higher interest rates and more inflation under a Trump presidency.

Bond prices plunged following the election and commercial rates moved higher, in anticipation of a quarter-point increase by the U.S. Federal Reserve Board next month. Higher rates are good for bank profits. Talk of cutting back post-2008 regulations on the banking sector also spurred the stock.

TransCanada Corp. (TRP)

During the campaign, Mr. Trump promised several times to approve TransCanada's Keystone XL pipeline. As a result, the stock made a modest move higher following the vote.

However, there is no certainty that the company would proceed with the plan, even though it has said it remains fully committed to the project. It's been eight years since the original application was made.

During that time, costs have risen, oil prices have plunged, and environmental protesters have become much more organized.

Plus, the company is now seeking approval for its Energy East project and it's unclear if both pipelines would be viable if it gets the go-ahead.

UnitedHealth Group (UNH)

Mr. Trump's promise to repeal or amend the Affordable Health Act (Obamacare) gave a big lift to health insurance providers such as this one.

Although the details of a new Republican plan are unknown at this stage, investors are betting any changes will benefit the bottom line of the health insurance companies.

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By Gordon Pape, Editor of Internet Wealth Builder