BMO Capital Markets dropped its 2024 election guide last week. The firm found stocks in different sectors that stand to gain or lose depending on which party wins the White House. BMO looked mainly at potential impacts tied to tariffs, regulation, immigration, taxation and socially conscious business frameworks. "We are not taking a view on the election outcome but rather sharing our views from a policy perspective," the firm said.
Pro compiled some names BMO sees as winning in both scenarios: Kamala Harris victory Brookfield Renewable is one name that could be a winner if Harris prevails. That's because it's seen as a beneficiary of support for renewable energy. Shares have underperformed the broader market this year with a gain of 8%. Despite that, Wall Street is bullish on the stock: the majority of analysts polled by LSEG have a buy rating, with a price target implying shares can rise more than 6%.