Stock Track | Calumet Specialty Products Soars on Potential Harris Presidency

Stock Track10-31 03:08

Shares of Calumet Specialty Products Partners LP (NASDAQ: CLMT) surged 5.07% on October 30, as investors positioned their portfolios ahead of the upcoming presidential election between Donald Trump and Kamala Harris.

According to Chris DeMuth Jr., leader of the "Sifting the World" investing group on Seeking Alpha, Calumet is one of the stocks that could benefit from a potential Harris presidency. DeMuth discussed investment strategies for the election outcome during the Seeking Alpha Investing Forum: Election 2024.

DeMuth recommended Calumet, a company that produces specialty chemicals, lubricants, renewable fuels, and solvents, as a potential beneficiary under a Harris administration. He believes that Harris's policies may favor companies involved in renewable energy production, giving Calumet an advantage with its renewable fuels business.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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