The stock market rose to Record levels Since Kamala Harris I entered The presidential race is in July. Will the good feelings continue if she wins the White House? The answer may vary from sector to sector.
luck It polled analysts and academics about what stocks could rise after a Harris win, as well as what companies might see their stocks fall. Here are some companies to consider:
Harris and former President Donald Trump Starkly different When it comes to climate and energy policy. As Vice President, Harris cast the tie-breaking vote to pass the bill Inflation reduction law. The climate law signed by Joe Biden passed without any Republican support, and Trump has vowed to dismantle a system of tax breaks and subsidies that he called a “green new scam.”
It is unclear whether Trump will be able to follow through on his campaign promises, but a Harris win would likely be much better news for renewables. shares First solarAmerica’s largest solar panel builder, fell 16% this month amid a backdrop of industry volatility and election uncertainty. A Harris win could reward investors who bought the dip.
A Harris administration could also help electric vehicle manufacturers looking to make gains on Elon Musk Teslaespecially since the CEO of the giant electric car company has expressed his opinion Full support Behind Donald Trump. Musk’s political activism, including his public disagreements with officials in California, has already presented an opportunity for companies like… Rivian to strip Disaffected progressive customers. It also appears that Musk is betting on Tesla’s future Autonomous drivingGovernment support and tax breaks are crucial to companies like Rivian’s chances of competing.
Offshore wind figures benefit from Harris’ win as well. Spanish energy giant Iberdrola He has invested Over $13 billion in the US and UK over the past 12 months, increasing revenue by 150% over the first nine months of the year. Its American branch, Avangridis available for a modest price-to-earnings ratio just north of 12, according to S&P Global.
Then there are less obvious options. Stocks of defense contractors such as Honeywellfor example, moved somewhat along with Opportunities Harris won, according to a preliminary analysis by Michael Bailey of Georgetown University. This could reflect how Harris A. is supposed to be Safer bet To continue America’s support for Ukraine against the Russian invasion.
Finally, Harris’ victory may allow major importers to breathe a sigh of relief. Trump Proposals Imposing at least a 10% global tariff and 60% tax on all Chinese goods would not be good news for major retailers such as goalSo a Harris win could eliminate the concerns currently priced into her shares.
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