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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