Following Tuesday night’s debate, investors and Wall Street analysts may want to take a closer look at stocks that could be winners under President Kamala Harris. The current vice president’s debate with former President Donald Trump was widely seen as a victory for Democrats, and the odds of Harris winning in November have climbed in betting markets. National polls have shown the debate to be a tight race, but some now believe Harris’ performance could improve. “We expect Vice President Harris’ approval ratings to rebound in the near term following the first debate with former President Trump,” Raymond James Washington analyst Ed Mills said in a note to clients late Tuesday. , but the long-term impact is still unclear, and the stock market may not wait until the vote count in November to react: “From a market perspective,” BTIG analyst Isaac Boltansky said in a note to clients. Looking at it, we think the presidential race should still be viewed as a close race, but sentiment may sway a bit after Harris’ clear victory in the debates Strategas’ Daniel Clifton puts together a look at the Democratic “big win.” Portfolio. It includes stocks typically associated with the political left, including green energy stocks, but also stocks that could benefit from Harris’ recent proposals. Among them are homebuilder Pulte Group, which could see a boost from the housing supply and demand side of Harris’ proposal, and Walmart, which could see higher sales if it expands the child tax credit. Another name on the list is Raytheon Technologies, a defense contractor that Strategas has linked to the war in Ukraine. Harris said she would continue to support Ukraine’s war effort against Russia, while Trump was more skeptical. Wolfe Research has a similar list of stocks in its anti-Trump trade basket, which includes health care stocks like Centene and HCA. These companies can benefit from the current state of government health policy. Of course, even if Harris wins in November, it may be difficult for new Democratic policies to become law, depending on the outcome of the congressional races. UBS put together a list of stocks that could do well under a Harris presidency but with Congress divided between Republicans and Democrats. These include Tesla, manufacturer Eaton Corp. and Waste Management, which has a booming renewable energy business. —CNBC’s Michael Bloom contributed reporting.
Keep an eye on pro-Harris stocks after debate as her odds rise | Real Time Headlines
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