The nail baiting race for the White House continues.
While we’ll never share our political opinion here (it has no place), we can report that Joe Biden is in the lead. If he pulls off a win here, some of the top stocks you may want to consider loading up on include:
Green Energy Stocks
Green energy stocks, like First Solar (FSLR) and Tesla (TSLA) could benefit, as Biden has made climate change a major theme.
In fact, on his site, it’s noted that, “Biden believes the Green New Deal is a crucial framework for meeting the climate challenges we face. It powerfully captures two basic truths, which are at the core of his plan: (1) the United States urgently needs to embrace greater ambition on an epic scale to meet the scope of this challenge, and (2) our environment and our economy are completely and totally connected.”
Infrastructure Stocks
The Democrats recently unveiled a $1.5 trillion infrastructure plan.
“The infrastructure bill, known as the Moving Forward Act, includes $25 billion for drinking water, $100 billion for broadband, $70 billion for clean energy projects, $100 billion for low income schools, $30 billion to upgrade hospitals, $100 billion in funding for public housing and $25 billion for the postal service,” according to The Hill.
Biden has also noted that infrastructure investing is vital to the economy.
Cannabis Stocks
If Biden were to win the U.S. election, we could see further relaxed cannabis laws. In fact, he has already said he would “decriminalize the use of cannabis and automatically expunge all prior cannabis use convictions,” as quoted by the Boston Globe.
At this time, it’s a wait and see. But we wanted to share some trading ideas with you in case Biden does pull off a win.
The post Election 2020: How to Invest in a Potential Biden Presidency appeared first on Morningology.
