Stocks to watch as Biden and Trump vie for presidency

The first U.S. presidential debate saw President Joe Biden turning in a fitful performance, especially at the beginning, as he exchanged barbs with former President Trump on abortion, immigration, the wars in Ukraine and Gaza and even their golf games.

The brokerage sees benefits for big banks like JPMorgan & Chase, Bank of America, Wells Fargo and smaller lenders including Discover Financial, KeyCorp and Synchrony Financial.J.P.Morgan analysts believe opposition to the green revolution by Trump and other Republicans could pose a risk to investments in clean energy manufacturing, facilitated by the tax incentives in the Inflation Reduction Act of 2022.

However, increased oil and natural gas investment, more drilling activity and higher natural gas exports could benefit producers such as Exxon Mobil, Cheniere Energy and ConocoPhillips under Trump 2.0.A second Trump administration is expected to be much more protectionist in terms of import tariffs. “The consumer discretionary sector is exposed in that environment,” UBS analysts say.

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