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Wolfe Research has a list of stocks it says could be potential winners if Donald Trump were to win his presidential re-election bid and lead a Republican-controlled Congress.
The debate between President Joe Biden and former President Trump last week led to a further shift in PredictIt and other betting-odds data in favor of a Trump winning the presidential election in November, the independent sell-side research firm said Tuesday. However, “our sense is that the political landscape is likely to experience more unexpected twists and turns between now and the election,” Chris Senyek, chief investment strategist, said in a note.
Wolfe Research has election baskets based on potential policy changes, and long and short stock baskets that consist of potential winners and losers under a GOP “trifecta” – or Republicans maintaining the run of the House of Representatives and winning control of the Senate.
Here is Wolfe’s list of potential stock winners along with YTD performances:
Communication Services
Trump Media & Technology Group (DJT) – YTD gain: 81%
Utilities/Midstream/Clean Energy
Cheniere Energy (LNG) – YTD gain: 2.2%
Sempra (SRE) – YTD gain: 0.7%
Energy Transfer (ET) – YTD gain: +18%
Materials
Dow Chemical (DOW) – YTD loss: +4%
Linde (LIN) – YTD gain: +4%
Nucor (NUE) – YTD loss: 2.9%
Industrials
Emerson Electric (EMR) – YTD gain: +12%
3M (MMM) – YTD gain: 11%
Hubbell (HUBB) – YTD gain: 11%
General Dynamics (GD) – YTD gain: 9.9%
Healthcare
UnitedHealthcare (UNH) – YTD loss: 5.5%
Financials
Goldman Sachs (GS) – YTD gain: 21%
Charles Schwab (SCHW) – YTD gain: 7.7%
Evercore (EVR) – YTD gain: 24%
Discover (DFS) – YTD gain: 19%
Carlyle Group (CG) – YTD loss: 1.7%
Citigroup (C) – YTD gain: 26%
Coinbase (COIN) – YTD gain: 31%
Energy
Halliburton (HAL) – YTD loss: 7%
Patterson-UTI Energy (PTEN) – YTD loss: 6.7%
EQT (EQT) – YTD loss: 4.5%
Chesapeake Energy (CHK) – YTD gain: 8%
Valero Energy (VLO) – YTD gain: 21%
PBF Energy (PBF) – YTD gain: 5.4%
Healthcare
Humana (HUM) – YTD loss: 18%
Here are some politically driven Republican- and Democratic- exchange-traded funds:
- Unusual Whales Subversive Republican ETF (KRUZ)
- Democratic Large Cap Core ETF (DEMZ)
- Unusual Whales Subversive Democratic ETF (NANC)
- Point Bridge America First ETF (MAGA)
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