Buy these stocks if Trump and GOP win big in November, says Wolfe Research

📆 15/07/2024 14:22:00
📰 CNBC

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If election-betting odds continue to favor Trump and a rate cut this September, Wolfe's Chris Senyek would buy financials and energy stocks.

Several stocks could get a boost if former President Donald Trump wins the presidency and the GOP secures control of Congress, the odds of which have increased since the weekend, according to Wolfe Research. Investors are expecting that Saturday's assassination attempt on Trump at his Pennsylvania election rally have increased the odds of him securing the election and will also spark trades this week that are betting on that outcome.

He added that if election-betting odds continue to show Trump leading the presidential race and the Federal Reserve cutting interest rates in September, he would look to buy financials and energy stocks, while selling utilities and staples, among other defensive pockets of the market.

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Stocks to buy if Trump leads Republican sweep after Biden debate flop, according to Wolfe ResearchWolfe Research is highlighting potential winning stocks if former president Donald Trump wins the White House in November and the GOP sweeps Congress.
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