As the 2024 U.S. presidential election approaches, many investors are considering the potential impact of various candidates on the stock market.
If Vice President Kamala Harris were to win the presidency, her administration’s policies could influence specific sectors and companies significantly.
This article outlines ten stocks that may benefit from a Kamala Harris presidency, focusing on her priorities, such as climate change, healthcare, social justice, and technology.
1. Tesla Inc. (TSLA)
Kamala Harris has consistently supported clean energy initiatives, including electric vehicles (EVs). Tesla, a leader in the EV market, stands to benefit from policies that promote sustainable transportation. Even though its leader Elon Musk is clearly on Team Trump bribing him with millions when Harris wins, it’s NOT likely she will take the Trump Revenge path. Harris has clearly said she welcomes everyone. So I expect her to find a way to deal with Elon Musk. And with Harris’s push for infrastructure improvements, Tesla may see increased demand for its vehicles and charging stations.
2. NextEra Energy, Inc. (NEE)
As one of the largest renewable energy companies in the U.S., NextEra Energy aligns well with Harris’s focus on combating climate change. An administration that prioritizes renewable energy sources could drive growth in NextEra’s projects, including solar and wind energy.
3. UnitedHealth Group Incorporated (UNH)
Harris has advocated for expanded healthcare access and reform. UnitedHealth Group, a leading health insurance provider, could benefit from policies aimed at increasing healthcare coverage and reducing costs for consumers, especially if public healthcare options are expanded.
4. Advanced Micro Devices, Inc. (AMD)
With Harris’s emphasis on technology and innovation, companies like AMD, which designs computer processors and graphics cards, may see growth. Investments in technology infrastructure and education could bolster demand for AMD’s products in both consumer and enterprise markets.
5. NVIDIA Corporation (NVDA)
NVIDIA is at the forefront of artificial intelligence (AI) and machine learning technologies. Given Harris’s focus on tech innovation, the company could benefit from increased government investment in AI research and applications, particularly in sectors like healthcare and transportation.
6. Prologis, Inc. (PLD)
Kamala Harris has shown interest in affordable housing initiatives. Prologis, a leader in logistics real estate, could thrive as e-commerce continues to grow, supported by investments in infrastructure and housing development, which may become a priority under her administration.
7. Brookfield Renewable Partners L.P. (BEP)
As a prominent player in renewable energy assets, Brookfield Renewable Partners stands to gain from Harris’s commitment to sustainable energy solutions. Increased investment in renewable energy infrastructure could enhance the company’s portfolio and growth prospects.
8. Salesforce, Inc. (CRM)
Harris’s administration may prioritize technological innovation and digital transformation across industries. Salesforce, a leader in customer relationship management software, could benefit from increased demand for cloud-based solutions and services as businesses adapt to changing market conditions.
9. AbbVie Inc. (ABBV)
With Harris’s focus on healthcare reform, AbbVie, a global biopharmaceutical company, may benefit from policies that emphasize drug pricing transparency and access to treatments. As healthcare access expands, demand for AbbVie’s innovative therapies could rise.
10. Enphase Energy, Inc. (ENPH)
Enphase Energy specializes in solar energy solutions, including microinverters and storage systems. With a focus on renewable energy and sustainability, Enphase is well-positioned to thrive under a Harris administration that promotes clean energy initiatives and investment in solar technologies.
Conclusion
While predicting election outcomes and their impact on specific stocks is inherently uncertain, understanding the potential policies of candidates like Kamala Harris can guide investment strategies. The stocks listed above align with Harris’s priorities and the potential shifts in economic policy that could arise from her presidency. As always, investors should conduct thorough research and consider their financial situation and risk tolerance before making investment decisions.
Financial Disclosure
The stock picks and information provided in this article are solely opinions and do not qualify as official financial or stock advice. They are not recommendations to buy, sell, or hold any securities and should not be relied upon for making financial decisions. Investors are encouraged to perform their own research and consult with a licensed financial advisor or investment professional before making any investment. Market conditions, government policies, and business risks can significantly impact stock performance, and past performance is not indicative of future results. Investing in stocks carries risk, including the loss of principal.
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Charles is the founder and owner of Global Thinkerz. He is also a writer, global citizen eco-activist, visionary, musician, artist, entertainer, businessman, investor, life coach, and syndicated columnist. He is also known as the music artist “Johnny Punish”; a name given to him by a bandmate during his Punk Rock years fronting the rogue underground punk band “Twisted Nixon”
His Expat home base since the late 1990s is Mexico. Charles was educated at the University of Nevada Las Vegas (1980-81) and California State University Fullerton (1981-1984) with studies in accounting, finance and business. He has been debt-free and building wealth since 1998.
Before the “internets” had been invented, he also owned and ran (5) national newspapers in the United States of America from 1987-1998. In addition, he created and ran the important online media sites; HireVeterans.com (2004-2020) and VT Foreign Policy (2004-2023).
Charles is married to Queen Albertina from Sinaloa Mexico (1985). Together they have 3 adult children and 7 grandkids. They live in Baja Mexico at the home they built together out of plastic bags and dirt (Super Adobe). Now they share the artistic piece with the world as a unique luxury BnB called “Hacienda Eco-Domes“.
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