US Election 2020: Impact on stock Market

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US Election 2020
Image source: Business Insider

The intensity of politics as well as stock markets are on heat as the D-Day is just a month away. However, there is a stiff competition between the democrat candidate Joe Biden and the Republican incumbent Donald Trump, but the former is leading as per the recent polls. But the results are slightly unpredictable as the difference is still not that significant. The thing that is predictable is the hustle in stock markets, extraneous of who’s winning. But there are some certain areas in which the candidates are solely focusing on their campaigns which can experience a sky flight after their winnings. Where on the one hand, Trump’s victory signifies a more dicey stock market and political relations with China, Biden on the other hand is shifting his focus to create a more sustainably strong economy.

Biden articulated in his campaign, the ideas about the major changes that he wants to bring in the country. The most significant realm where investors can see a hike, if Biden wins the election, are healthcare, infrastructure, and environment. He specifically pointed out his visions about clean energy and sustainable infrastructures. Here are some most expected stocks which can be considered investing in Biden’s winning.

Caterpillar (NYSE: CAT) 

Biden’s continuous emphasis on the infrastructure can highly benefit the company. Caterpillar is a global leader in equipment manufacturing and infrastructure development. The company can be expected to be impacted by Biden’s victory on a positive graph.

Brookfield Renewable Partners LP (BEP)

Another major focus is on the “clean energy revolution”, the Brookfield has a higher chance to rise up after having a growing portfolio in wind, solar, hydroelectricity, and other green energy projects.

Tesla (TSLA)

It is needless to say that the disruptor in traditional road transportation, Tesla, is going to see a definite launch in its stocks. The candidate’s vision is revolutionizing the mode of transportation by shifting it to a less harmful alternative.

Nikola (NASDAQ: NKLA)

Nikola is another company that deals with electric vehicles, will probably get benefited both directly as well as indirectly by being in the competition.

Canopy Growth (CGC)

A Democratic organization probably would profit green undertakings. Yet, it would almost certainly be useful for, the other sort of “green” venture. The democrats are more relaxed towards legalizing the other soft drugs with marijuana. Hence, Canopy growth can emerge as some of the well-performing stocks in his government.

Teladoc Health (TDOC)

Teladoc telehealth is already doing a phenomenal job in serving medical facilities in rural America. It is experiencing great growth using a perfect blend of medical technology. Biden’s healthcare policies can help the company to fasten its growth more than before.

Some other stocks that expected to grow under Biden’s Government

UnitedHealth (NYSE:UNH)

Centene (NYSE:CNC)

Sherwin-Williams (NYSE:SHW)

Summit Materials (NYSE:SUM)

Prologis (NYSE:PLD)

American Water Works (NYSE:AWK)

NextEra Energy (NYSE:NEE)

Procter & Gamble (NYSE:PG)

Walt Disney (NYSE:DIS)

Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B)

A.O. Smith (NYSE:AOS)

S&P 500 Equal Weight ETF (NYSEARCA:RSP)

iShares MSCI Canada ETF (NYSEARCA:EWC)

iShares Gold Trust (NYSEARCA:IAU)

iShares U.S. Healthcare ETF (NYSEARCA:IYH)

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