Are you curious about which stocks could benefit from the upcoming presidential election? According to Barclays analyst Terence Malone, both a Trump or Harris victory could impact certain stocks in the market. At Extreme Investor Network, we strive to provide our readers with unique insights into the world of investing, and this article explores some potential investment opportunities based on the outcome of the election.
In the case of a Trump victory, Malone predicts that a new global trade war could ensue, with heavy tariffs on U.S. imports and Chinese goods. As a result, stocks like MicroStrategy, known for being the largest corporate holder of bitcoin, could see significant growth. Trump’s pro-crypto stance and potential policies could drive the value of bitcoin to new heights, which could benefit companies like MicroStrategy.
Additionally, defense contractors like L3Harris Technologies are also poised to benefit from a Trump presidency, thanks to his emphasis on increased defense spending. UnitedHealth Group, the largest private insurer in the U.S., may also thrive under Trump’s leadership due to a more relaxed regulatory environment.
On the other hand, a Harris victory could bode well for stocks like Centene, a health care company that specializes in Medicaid managed care. Burlington, the off-price department store retailer, is another stock that could see gains under a Harris presidency due to consumer trends and the company’s strong financial performance.
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