The stock market has seen significant growth since Kamala Harris announced her run for the presidency in July. Investors are wondering if this trend will continue if she wins the White House. The impact of a Harris victory on the stock market could vary depending on the sector.
At Extreme Investor Network, we have gathered insights from analysts and academics to provide you with unique information on what stocks could potentially rally on a Harris victory. We have also identified companies that might see a drop in their shares if she wins the election.
One key area where a Harris victory could have a positive impact is the renewable energy sector. With Harris being a strong advocate for climate and energy policies, companies like First Solar, America’s largest builder of solar panels, could see a boost in their stock prices. Investors who have bought the dip in First Solar’s shares could be rewarded if Harris wins the presidency.
Another sector that could benefit from a Harris victory is electric vehicle manufacturers. As Elon Musk, CEO of Tesla, has expressed support for Donald Trump, companies like Rivian could have the opportunity to attract progressive customers who are unhappy with Musk’s political activities. Government subsidies and tax credits play a crucial role in the competitiveness of companies like Rivian as they seek to compete with Tesla in the EV market.
Offshore wind is another area that stands to gain from a Harris win. Spanish energy giant Iberdrola has made significant investments in the U.S. and UK, leading to a surge in profits. Companies like Avangrid, Iberdrola’s American subsidiary, could offer attractive investment opportunities with a modest price-to-earnings ratio.
At Extreme Investor Network, we also consider less obvious choices that could be impacted by a Harris victory. Defense contractors like Honeywell have shown some correlation with the likelihood of a Harris victory, reflecting potential implications for America’s support for Ukraine against Russia.
Additionally, major importers like Target could benefit from a Harris victory, as her policies may alleviate concerns related to tariffs and taxes proposed by Trump.
While the impact of a Harris victory on the stock market is uncertain, it is essential to consider the potential implications for different sectors and companies. Extreme Investor Network is dedicated to providing you with valuable insights and analysis to help you make informed investment decisions in a rapidly changing market environment. Subscribe to our newsletter for exclusive updates and expert advice on navigating the financial landscape.