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Evercore ISI names stocks that could win under either Trump or Harris win

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A rise in volatility similar to the run-up of the 2016 and 2020 presidential elections remains base case, the firm said.

The outcome of this year's presidential election could bode well for different parts of the stock market, according to Evercore ISI. The firm ran a quantitative screen of its top stock picks under a victory scenario in which Democratic candidate Vice President Kamala Harris would win, and another in which Republican candidate Donald Trump emerges victorious. Both candidates are in a dead heat heading into next week's election, according to an NBC News poll released earlier this month .

Ulta CEO Dave Kimbell said earlier this month that the company is grappling with tougher competition and a more volatile consumer — but reiterated confidence in long-term growth. Tesla 's another potential beneficiary given Tesla CEO Elon Musk's close relationship with Trump, according to the firm. The electric vehicle maker's shares are up 4.4% year to date.

 

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Here are Evercore ISI's top chip stock picks into earningsMore than 90 S&P 500 companies have reported results, with 76% of those exceeding estimates, FactSet data shows.
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