The 2020 election is tense.
While no one has a clue as to who will win, we have a good idea which stocks could potentially push higher the morning after.
If President Trump Wins a Second Term…
If President Trump can win a second term, markets could explode even higher. Despite some hiccups – including the coronavirus, — the Dow ran from 19,000 to a high of 29,535 since Trump took office. Should he win again, 30,000 may not be far off.
A Trump win “could lead to a friendlier tax and regulatory environment for the traditional energy industry,” Allianz Global Investors said, as quoted by Reuters. Bank stocks could run higher, too, including Bank of America, Wells Fargo, and Citigroup.
At the same time, the U.S. could see further unrest from those upset by his potential win.
Remember, the NYPD for example has been training every day and plans to deploy hundreds of extra officers for the Nov. 3 election, says Daily Mail.
In Los Angeles, officers are being told they may need to reschedule their vacations, according to the Los Angeles Daily News. “We’re working with all of our partners, both first responders, emergency partners as well as L.A. County (sheriffs) … to talk about the approaching election cycle,” Moore said, adding that he has spoken to state and federal law enforcement as well to plan for any protests or groups that become violent.
If Biden were to win the White House…
Gun stocks may also benefit under a Biden win. All on concerns he and his running mate Kamala Harris could enact legislation to potentially curb the Second Amendment. It’s part of the reason gun stocks, like RGR and SWBI have exploded higher.
Analysts also note that alternative energy stocks could soar under a Biden win.
Biden has reportedly outlined a $2 trillion sustainable energy infrastructure plan that could make the U.S. carbon free by 2035.
However, a Biden win could hurt natural gas.
Biden’s energy plan could speed up natural gas becoming “economically and environmentally untenable within the power sector,” Bloomberg notes. “Biden’s climate plan would only accelerate that outcome, with massive investments in wind, solar and battery storage giving those energy sources a leg up. And his goal of a carbon-neutral grid would severely curb, if not destroy, gas’s share of the pie in favor of cheaper, cleaner renewables.”
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