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.
See also: 5 stocks to buy if Trump wins – and 5 stocks to sell
Some analysts are very skeptical of trading based on who holds the Oval Office. Among them is Jay Hatfield, CEO of Infrastructure Capital Advisors, who focuses more on how overall tax policy works, including Corporate tax rateIt can affect the market in general.
However, he said the financial sector is at the heart of the so-called “Trump trade” due to the potential for regulatory easing. JPMorgan Chase and Goldman Sachs They are two stocks that investors can invest in if Trump wins, while a Harris win could lead to heavy selling.
However, stocks that have been heavily impacted by climate policy may be worth a look. Just as Harris is the top choice for renewables, companies in sectors like offshore oil, coal and solar built offshore could be among the biggest losers, said Sam Stovall, chief investment strategist at CFRA Research.
Therefore, oil exploration Schlumberger Stovall said it may be a stock to stay away from if Harris takes over the White House. The same goes for Console powerHe added that he is one of the biggest names in the field of coal.
While the Harris administration may be Kinder From Biden to Big Tech, companies centered around the gig economy may be at risk, according to a memo from Bank of America Viewed by CNBC. Investors may try to rush out UberFor example, if the Vice President is promoted by the American people.
This story originally appeared on Fortune.com