Best stocks for the 2024 US presidential election

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US Elections Noticias

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The 2024 US presidential election is finally almost upon us.

Wall Street prefers Trump to win the US presidential election and thinks it is likely. Trump’s tax cuts and looser regulation are the primary selling points. Kamala Harris winning could benefit Deere, Brookfield Renewable Corporation, NextEra Energy, Dr. Horton, or Centene. Donald Trump winning could benefit Baker Hughes, L3Harris Technologies, Coinbase, Robinhood, or Alphabet.

Republicans have a reputation for focusing on opening up Oil & Gas leases for new investment, as well as benefiting defense companies. And Trump has talked up his favorability toward the crypto industry, even going as far as releasing his own crypto token while on the campaign trail. Boutique investment bank Keefe, Bruyette & Woods says that most financial stocks will benefit from a Trump presidency.

 

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