Watch how bank, energy and retail stocks trade for Trump/Harris election clues

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Investment Strategy News

Stock Markets,Energy Select Sector SPDR Fund,Financial Select Sector SPDR Fund

Strategists at Wolfe Research and Morgan Stanley highlighted several groups of stocks that could benefit depending on which candidate wins today's election.

It's finally here. The U.S. presidential election takes place Tuesday as an ultra-tight campaign season ends. The latest NBC News poll has Vice President Kamala Harris and former President Donald Trump at a draw, with both candidates polling 49% of the vote. Given how close the race is, and the different policy stances from Harris and Trump, strategists at Wolfe Research and Morgan Stanley highlighted several groups of stocks that could benefit depending on which candidate wins.

ETFs tracking financials and the fossil fuel producers include the Financials Select Sector SPDR Fund and the Energy Select Sector SPDR Fund . XLF has climbed 23% this year, slightly outperforming the S & P 500 . XLE has lagged, however, rising just 6.8% in 2024. XLF XLE YTD mountain XLF and XLE year to date These funds could also see sharp moves as exit polls and election results are reported, if they show one candidate pulling ahead.

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