Investing Insights: Stocks to Watch if Kamala Harris Wins the Election
As the November presidential election approaches, investors are keeping a close eye on the potential outcomes and their implications for the stock market. Deutsche Bank analyst Nicole DeBlase recently shared some insights on which stocks investors may want to hold if Kamala Harris emerges victorious.
At Extreme Investor Network, we believe in providing our members with exclusive, valuable information to help them make informed investment decisions. Here are the key themes and individual companies that DeBlase highlights as potential beneficiaries of a Democratic win:
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Residential Construction Suppliers: Companies like Lennox International, Stanley Black & Decker, Carrier Global, Trane Technologies, and Pentair could see a boost from increased housing support under a Harris administration.
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Global Cooperation Stocks: Companies tied to a "more cooperative and less protectionist world order," such as Stanley Black & Decker and Zurn Elkay Water Solutions, may thrive in this scenario.
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Electric Product and System Makers: Assuming an intact Inflation Reduction Act, companies like Eaton, Hubbell, and Vertiv could benefit from increased demand.
- HVAC Stocks: Lennox International, Carrier Global, Trane Technologies, and Johnson Controls International are mentioned as potential winners if regulations on per- and polyfluoroalkyl contaminants are implemented.
DeBlase also noted that a Harris victory could lead to more support for lower-income households through housing subsidies and tax breaks, along with higher corporate tax rates and climate change legislation. Despite expectations of a close election, data from research firm Strategas suggests a slight edge for Harris based on economic indicators.
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