Heading into the U.S. elections, we wanted to take a quick look at potential winners for either a Trump victory or a Harris victory.
We already know Trump has vowed to “drill, baby, drill,” which would be beneficial for domestic oil companies. We know he wants to address the issue of illegal immigration, with the potential for mass deportation. He also has a strong position on potential cuts to corporate tax rates and a strong position on further trade tariffs with China.
Cryptocurrencies could also do well, especially with Trump’s pro-crypto running mate, Senator J.D. Vance. Plus, Trump is also bullish on cryptocurrencies, referring to himself as pro-crypto.
Even artificial intelligence energy stocks could get a boost, with Trump saying, “A.I. needs tremendous — literally, twice the electricity that’s available now in our country” at the Republican National Convention.
That being said, here are a few top stocks that you may want to buy and hold today.
Company: Marathon Digital (MARA) With Trump and J.D. Vance’s pro-crypto stance, Bitcoin could rally to higher highs. There’s also speculation their support could clear some regulatory hurdles, and create a far more favorable environment for digital assets. Should that happen, mining stocks, like Marathon Digital (SYM: MARA) could easily rally to higher highs, too. Just a moment ago, I mentioned that Donald Trump said, “A.I. needs tremendous — literally, twice the electricity that’s available now in our country.” A report from The Conference Board says nationwide electricity demand from data centers is expected to grow 4.7% over the next five years, “nearly double the previous forecast for 2.6% growth.” Plus, “AI’s computational power is projected to double every 100 days, increasing global energy demand attributed to AI by 26% to 36% annually in the coming years,” they added. |
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If Vice President Kamala Harris Wins the Election If you believe Vice President Kamala Harris will win the election, you may want to invest in all things green. That includes green energy and cannabis. With cannabis, according to Marijuana Moment, “Kamala Harris called for the legalization of marijuana — signaling a possible shift in the administration’s platform heading into the November elections. Harris told a room of cannabis pardon recipients at the White House on Friday that ‘we need to legalize marijuana,’ a participant in the meeting has revealed.” One of the best ways to profit from the potential is with a real estate investment trust (REIT), such as Innovative Industrial Properties. The company focuses on acquisition, and management of state-licensed cannabis operators. It owns 108 properties across 19 states with 8.9 million rentable square feet. Better, IIPR carries a current yield of 5.71%. So, not only can we collect that yield, we can make money from appreciation as the cannabis story heats up. |
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Company: Tesla (SYM: TSLA) Analysts at Morgan Stanley just named TSLA a top pick in the auto sector. With an overweight rating and a price target of $310 on the stock, the firm noted TSLA may be “cornering the market on ZEV (zero-emission vehicle) credits and has seen increased contribution from recurring services revenue.” |