What Stocks to Buy If Kamala Harris or Donald Trump Wins the US Election
The US election outcome can quickly impact specific industries and stock markets due to anticipated policy changes that favor certain sectors. With Kamala Harris and Donald Trump having distinct approaches to economic policy, investors may see the election as a time to re-evaluate and prepare their portfolios for potential shifts. Here’s a breakdown of stocks to consider depending on the election results.
Stocks to Buy if Kamala Harris Wins the US Election
Kamala Harris’ policy positions often emphasize renewable energy, healthcare, and tech regulation. Her administration could benefit green energy, women’s health, and other progressive initiatives. Here are some stock picks to consider if Harris wins:
First Solar (FSLR) Renewable energy investments are expected to surge under Harris. First Solar, a major US solar panel producer, could see gains as clean energy subsidies and favorable policies are implemented.
Avangrid (AGR) This subsidiary of the Spanish energy giant Iberdrola has a strong presence in offshore wind, an area likely to expand with Harris’s support for clean energy. Avangrid offers a solid price-to-earnings ratio, making it a value buy in this sector.
Rivian Automotive (RIVN) As electric vehicles (EVs) gain more support, Rivian could benefit from Harris’s inclination towards green transportation. Additionally, potential EV subsidies would make the stock more attractive for long-term growth.
Honeywell (HON) Defense companies, including Honeywell, may gain from Harris’s commitment to foreign policy stability and support for Ukraine. It has been noted that defense stocks may react positively to Harris’s policies.
Organon (OGN) This healthcare company focuses on women’s health and biosimilars, areas that could see increased funding and attention under Harris’s administration, aligning with her healthcare priorities.
Stocks to Buy if Donald Trump Wins the US Election
Trump’s economic approach leans towards corporate tax cuts, reduced regulations, and bolstering traditional sectors like oil and defense. Here are potential stock picks if Trump takes office again:
JPMorgan Chase (JPM) : Financial stocks, especially large banks like JPMorgan, could benefit from potential deregulation and corporate tax cuts under Trump. A lighter regulatory environment could improve profitability in the banking sector.
Lockheed Martin (LMT) Defense spending has historically been a priority under Trump. Lockheed Martin, as a major defense contractor, could see increased demand for contracts and military investment.
Exxon Mobil (XOM) Oil and gas companies like Exxon would likely benefit from deregulation and support for fossil fuel industries. Trump’s stance against environmental restrictions may boost revenue for these traditional energy giants.
Nucor (NUE) Trump’s approach to tariffs could benefit American steel manufacturers like Nucor by creating less competition from foreign producers, especially from countries like China and Brazil.
GEO Group (GEO) A Trump presidency could boost GEO Group, a private prison operator, due to potential policies favoring private detention centers and stricter immigration measures.
Why the Election Impacts Stock Choice
The US election influences stock markets because each candidate’s policies bring new opportunities or risks for specific industries. By anticipating policy directions, investors can adjust their portfolios accordingly. For example, while Trump’s administration may favor energy and defense, Harris’s presidency could promote green energy and healthcare.