Wall Street banks name UK stocks to watch as Brits head to the polls

📆 04/07/2024 03:44 ص
📰 CNBC

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FTSE 100 أخبار

FTSE 250 Index,Genuit Group PLC,Howden Joinery Group PLC

RBC has drawn parallels between current market performance and that of a prior general election.

Just as U.K. politicians standing for elections will win or lose on election day Thursday, some stocks are also destined for a similar fate soon afterward. Analysts at RBC Capital Markets say there are parallels between current market performance and that of the 1997 election — the last time the U.K. transitioned from a Conservative to a Labour government.

Genuit , Howden , and Travis Perkins were highlighted in the Building Materials sector, while Taylor Wimpey and Vistry were flagged in the homebuilders category. AFC Energy and ITM Power , two companies in the clean hydrogen production sector, are also expected to be net beneficiaries. Citi's analyst Ami Galla also expects the housing sector to be potentially impacted by the General Election results.

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