Whether Donald Trump or Kamala Harris emerges victorious, certain sectors and stocks are likely to benefit.
As the 2024 U.S. presidential election approaches, investors are closely watching how the political landscape might impact their portfolios. Whether Donald Trump or Kamala Harris emerges victorious, certain sectors and stocks are likely to benefit. Here’s a look at some of the best investment opportunities for each potential outcome.
If Trump Wins
Energy Stocks. Trump’s presidency was marked by deregulation in the energy sector, particularly for fossil fuels. Companies like Exxon Mobil (XOM) and Chevron (CVX) could see significant gains under a second Trump term. Additionally, keep an eye on smaller, more agile players in the shale industry, such as Pioneer Natural Resources (PXD).
Defense Contractors. Trump’s emphasis on military spending could benefit major defense contractors. Lockheed Martin (LMT), Northrop Grumman (NOC), and Raytheon Technologies (RTX) are worth considering.
Financial Services. Trump’s administration was known for rolling back financial regulations. Banks and financial institutions like JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS) might see reduced regulatory burdens and increased profitability.
Infrastructure. Trump has consistently pushed for infrastructure development. Companies involved in construction and materials, such as Caterpillar (CAT) and Vulcan Materials (VMC), could benefit from increased government spending in this area.
Pharmaceutical Companies. Trump’s policies have generally been favorable to the pharmaceutical industry. Companies like Pfizer (PFE), Merck (MRK), and Johnson & Johnson (JNJ) might see continued support and less pressure on drug pricing.
If Harris Wins
Clean Energy and Electric Vehicles. Harris’s focus on combating climate change could further boost the already growing clean energy sector.
