Harris Stocks: Promising Picks If Harris Wins
The Trump vs. Harris game is down to the bottom of the ninth. Yet it still looks like anybody’s game. If you think Harris has done enough to deserve a promotion from Vice-President to President, then here is a list of stocks that you could bet on to make the most of market movements in the near term.
However, if you think Trump has beaten her to the post, you might be interested in Trump Stocks: Promising Picks If Trump Wins. And for those of you who believe that it is too close to call, now would be a great time to ask How Election-Proof Is Your Portfolio?
The stocks that we believe will benefit the most from Harris’s victory are:
- A Strong Q3 Can Push Intel Stock Up After A 55% Slump This Year
- Nvidia Can Outbid Qualcomm To Acquire Intel At 50% Premium
- $30 In Sight for Intel Stock After Amazon AI Chip Win?
- A Turnaround Scenario For Intel Stock To Reach $60
- Intel Stock Could Dive To $10
- Three Catalysts That Should Help Intel Stock Recover From Its Worst Crash Ever
Harris and Trump have starkly different views on the forms of energy the country should focus on. While Trump has been a vocal supporter of conventional oil & gas companies, Harris has sided with renewable energy companies. As the largest solar power company in the U.S., First Solar stands to gain a lot if Harris comes to power. The stock has had a good run this year already – adding almost 25% to its value since the beginning of the year. Expect this rally to get a boost under Harris.
One of Harris’s prominent poll promises was “to build 3 million housing units in four years.” That is a tall order indeed, but if she takes up the reins of the government, any effort she puts in toward building that many houses will have to involve homebuilders. This makes D.R. Horton and Lennar – the two largest homebuilding companies in the country – promising picks if you think Harris is going to be the next U.S. president. While a smaller player, we believe Century Communities is a particularly good pick among the homebuilders and has both near- as well as long-term growth opportunities as the most undervalued Homebuilding stock according to our analysis.
Harris has talked about expanded healthcare coverage during her campaign, and such a move aligns with similar stands by both Obama and Biden in the past. This bodes well for managed health care companies if she wins. With the largest share of the U.S. managed health care industry, UnitedHealth is a clear beneficiary if Harris wins. But we think Centene could end up being a better pick as the most undervalued Managed Health Care stock.
The semiconductor industry has been in the news a lot this year – especially Nvidia, which has become the posterchild for growth on the back of an explosive growth in demand for its chips for AI workflows (Buy, Sell or Hold Nvidia stock). The semiconductor industry is expected to benefit under a Harris administration with more investment in infrastructure and direct incentives to boost semiconductor manufacturing in the U.S. While such efforts will benefit Nvidia too, we expect Intel and AMD to fare better. Both semiconductor stocks have had a forgettable year so far with Intel stock losing more than half its value and AMD stock currently trading around the same level it was at the beginning of the year. But things could look brighter for them under Harris’s presidency (You’ll Wish You Hadn’t Ignored Intel Stock).
But what if you are looking at a longer investment horizon?
All the stocks above are great near-term picks in the event Harris wins the U.S. elections. But that is not the only possible outcome of this election. And election-related trends will soon give way to long-term trends across industries. In the long run, the stocks you pick should add value to your portfolio without being too volatile. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks has outperformed the S&P 500 each year over the period 2021-2023. And as a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.
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