Election Winners: Stocks to Watch

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In this newsletter, we will discuss the Presidential Election and the stock market.

Dear friends,

With the 2024 election fast approaching, investors are eager to know which sectors might thrive under different presidential outcomes. Each candidate brings distinct policy priorities that could create tailwinds for certain industries, from traditional energy and defense to clean energy and cannabis.

In this premium newsletter, we’ll break down the sectors likely to benefit if President Trump or Vice President Harris takes office, along with a few key stocks to watch in each sector.

If President Trump Wins: Key Sectors to Watch

If President Trump returns to office, certain sectors could stand to benefit from policies and regulatory shifts aligned with his administration’s priorities. Known for his support of deregulation and emphasis on traditional industries, a Trump presidency would likely create favorable conditions for energy companies, defense contractors, financial institutions, and cryptocurrency-related businesses.

Energy would likely be a primary beneficiary under Trump’s administration, especially companies involved in oil, gas, and fossil fuel production. President Trump’s first term was marked by significant deregulation in the energy sector, with policies designed to increase domestic energy independence and reduce reliance on foreign oil.

Companies such as Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX) stand to gain from a pro-energy stance, as they are two of the largest players in fossil fuel production. Reduced regulatory restrictions on drilling and production would likely lead to expansion efforts, increased output, and, ultimately, stronger revenue for these industry giants.

Exxon Mobil and Chevron are both positioned to leverage their resources and expertise in oil extraction and production and under a Trump-led administration, they could see an environment that allows them to maximize their operations.

Defense contractors are another sector likely to thrive under a Trump presidency. Trump has historically advocated for increased military spending, focusing on maintaining and expanding the U.S. military’s technological capabilities. This emphasis on defense spending could create substantial opportunities for companies that provide advanced military and aerospace technology.

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