Raymond James raised its estimates for a Democratic sweep to 55% up from 50%, while lowering estimates of a "status quo" Trump win and divided Congress to 30% from 35%.
Raymond James also said that technology stocks would do the best in a divided government scenario, while stocks in financials, energy, and healthcare would perform best with Trump in the White House and Congress divided.Raymond James raised its estimates for a Democratic sweep to 55% up from 50%, with a 65% chance of a Joe Biden victory, and broke down what this outcome should mean for investors.
"The market has clearly rotated towards sectors that we believe are consistent with a Biden victory, and most noticeably a Democratic sweep, with small caps and more cyclical industries generally outperforming defensives, interest rate sensitives, and technology," Raymond James said. We spoke to 4 US Investing Championship contenders who raked in a combined return of 1,349% in just 9 months. Here are the 11 books they say transformed them into trading juggernauts.