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Buy these stocks if Trump and GOP win big in November, says Wolfe Research

Pelican Press · 2024-07-15T16:43:41+0000

This is the hidden content, please Sign In or Sign Up Buy these stocks if Trump and GOP win big in November, says Wolfe Research Several stocks could get a boost if former President Donald Trump wins the presidency and the GOP secures control of Congress, the odds of which have increased since the weekend, according to Wolfe Research. Investors are expecting that Saturday’s ************** attempt on Trump at his Pennsylvania election rally have increased the odds of him securing the election and will also spark trades this week that are ******** on that outcome. Traders’ bets this week are also coming as the *********** National Convention begins in Milwaukee on Monday, where Trump will be formally nominated as the *********** Party’s presidential candidate. Under a Trump presidency, experts expect less regulation, higher tariffs and potential tax cut extensions, which would create a more favorable environment for stocks across a variety of sectors — particularly in health care, industrials and financials. “While the strongest business fundamentals and secular drivers remain in the Technology sector, we now increasingly believe investors will look past any near-term U.S. economic weakness to buy early cyclical sectors of the market and fund the trade by selling what they own (Mag 7),” analyst Chris Senyek wrote in a Monday note. He added that if election-******** odds continue to show Trump leading the presidential race and the Federal Reserve cutting interest rates in September, he would look to buy financials and energy stocks, while selling utilities and staples, among other defensive pockets of the market. Here’s a selection of stocks Wolfe expects to reap the benefits of a Trump re-election: Trump Media & Technology Group shares could benefit from a Trump win — and traders have already been piling into the stock since Saturday’s event. Shares are up about 30% on Monday, and volume has been extremely heavy during the day’s trading session. This year, the stock is up about 128%. Trading in Trump Media, which is the parent of social media platform Truth Social, has been volatile in recent months. The stock plunged about 50% in the three weeks after Trump was convicted on 34 felony counts on May 30. Trump is the company’s majority shareholder. Goldman Sachs could be another beneficiary if the *********** party secures the White House and Congress this election cycle, per Senyek. The firm boasted higher-than-expected earnings and revenue results on Monday, boosted by strong fixed income results and smaller-than-expected loan loss provisions. Other financial giants, such as Charles Schwab , Evercore and Citigroup , could also get a boost, according to Senyek. He also named Coinbase as a potential beneficiary, as Trump has recently changed his position on crypto and become an avid supporter of the speculative asset class. Coinbase shares advanced more than 11% on Monday, and bitcoin also crossed a two-week high earlier in the day. Other stocks Wolfe Research expects to benefit from a Trump win include UnitedHealth Group , Halliburton and Emerson Electric . This is the hidden content, please Sign In or Sign Up #Buy #stocks #Trump #GOP #win #big #November #Wolfe #Research This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up

By Pelican Press,
July 15, 2024 in World News

https://hopzone.eu/forums/topic/67007-buy-these-stocks-if-trump-and-gop-win-big-in-november-says-wolfe-research/

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Posted July 15, 2024

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