Stocks to buy if Trump leads Republican sweep after Biden debate flop, according to Wolfe Research

Wolfe Research is laying out some potential stock winners if former president Donald Trump wins the White House and Republicans sweep both houses of Congress in November. The basket of stocks from the investment firm – which includes a list of longs and shorts – comes on the heels of the first presidential debate between the former president and President Joe Biden, and what was widely viewed as a poor performance from the incumbent.

Shares of the cryptocurrency exchange have rallied more than 34% this year alongside the rise in crypto prices and the approval of a bitcoin ETF. Among other financial stocks, Wolfe Research also highlighted Charles Schwab . Healthcare stocks could also see upside under the Wolfe scenario, including UnitedHealthcare .

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Avoid or short Tesla, First Solar and other stocks, according to Wolfe ResearchThese companies could find themselves at the mercy of short sellers.
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These consumer stocks have strong momentum on their side, Wolfe Research saysInvestors should look to buy these names amid summer choppiness, the Wall Street firm said.
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Top Penny stocks for 2024: These two should be on your radarPenny stocks, as they are called, are not really stocks that trade under $1 per share.
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