Stocks to Watch for a Potential Kamala Harris Presidency

Zacks07-26

In a turn of events, President Biden has officially renounced his reelection bid and is instead putting his support behind his Vice President, Kamala Harris. Obviously, this would be a historic ...

Source Link

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454330533?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/6IVEqqAGgfSsxfUwfgqzHQ--~B/aD0yMjI7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ceeed73b4a71c105fc2d3c514ed18fa9","is_english":true,"pubTime":"2024-07-26 07:06","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2454330533","market":"us","top_or_hot":-1,"title":"Stocks to Watch for a Potential Kamala Harris Presidency","media":"Zacks","content":"<div>\n<p>In a turn of events, President Biden has officially renounced his reelection bid and is instead putting his support behind his Vice President, Kamala Harris.  \nObviously, this would be a historic ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stocks-watch-potential-kamala-harris-230600629.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks to Watch for a Potential Kamala Harris Presidency</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks to Watch for a Potential Kamala Harris Presidency\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stocks-watch-potential-kamala-harris-230600629.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a turn of events, President Biden has officially renounced his reelection bid and is instead putting his support behind his Vice President, Kamala Harris.  \nObviously, this would be a historic ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stocks-watch-potential-kamala-harris-230600629.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0082616367.USD","symbol_name":"摩根大通美国科技A（dist）","start_time":0,"source_url":"https://finance.yahoo.com/news/stocks-watch-potential-kamala-harris-230600629.html","article_id":"2454330533","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6IVEqqAGgfSsxfUwfgqzHQ--~B/aD0yMjI7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ceeed73b4a71c105fc2d3c514ed18fa9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454330533","pubTimestamp":1721948760,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In a turn of events, President Biden has officially renounced his reelection bid and is instead putting his support behind his Vice President, Kamala Harris.Obviously, this would be a historic merch if Mrs. Harris was able to defeat the Republican presidential nominee Donald Trump in his quest for a second term.Considering Mr. Trump’s presidency previously came on the heels of narrowly defeating Hillary Clinton, the US looks more steadfast for what would be its first female president if Harris was elected.To that point, the Harris campaign has already raised over $100 million since President Biden’s endorsement, garnishing record-breaking donations and support from democratic delegates.With Kamala Harris being the presumptive presidential nominee at next month's Democratic National Convention , let’s discuss a few stocks and sectors that should be kept in mind for her potential presidency as opposed to the Biden or Trump trade.Notably, Sterling Infrastructure’s stock has soared over +4","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","PEP":"百事可乐","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999002521.SGD":"United Global Resources A Acc SGD","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","STRL":"Sterling Construction Company In","XOM":"埃克森美孚","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","FLR":"福陆","BP":"英国石油","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4559":"巴菲特持仓","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","SG9999014542.SGD":"United Income Focus Trust Acc SGD","BK4550":"红杉资本持仓","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","UBER":"优步","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1829250122.USD":"高盛欧洲核心股票组合Acc","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","OGN":"Organon & Co","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4230":"旅客陆运","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H"},"translate_title":"卡玛拉·哈里斯(Kamala Harris)可能当选总统值得关注的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"BP":1,"FLR":1,"STRL":1,"OGN":1,"PEP":1,"XOM":0.9},"content_text":"In a turn of events, President Biden has officially renounced his reelection bid and is instead putting his support behind his Vice President, Kamala Harris.  \nObviously, this would be a historic merch if Mrs. Harris was able to defeat the Republican presidential nominee Donald Trump in his quest for a second term.\nConsidering Mr. Trump’s presidency previously came on the heels of narrowly defeating Hillary Clinton, the US looks more steadfast for what would be its first female president if Harris was elected.\nTo that point, the Harris campaign has already raised over $100 million since President Biden’s endorsement, garnishing record-breaking donations and support from democratic delegates.\nWith Kamala Harris being the presumptive presidential nominee at next month's Democratic National Convention (DNC), let’s discuss a few stocks and sectors that should be kept in mind for her potential presidency as opposed to the Biden or Trump trade.\nOrganon & CO OGN\nZacks Rank #1 (Strong Buy) \nOne of the most popular but confrontational topics of the upcoming election will be on the broader legalization of abortion or the pro-choice narrative. Harris stands pro-choice while Trump and his running mate JD Vance have stood with the opposing pro-life initiative.\nUndoubtedly, higher standards for women’s health will be of significant interest, especially under a Harris presidency and Organon is a healthcare company that focuses on the well-being of women throughout their life cycle.\nOrganon’s stock has been one of the market's top performers this year with annual earnings expected to rise 8% in fiscal 2024 to $4.47 per share. Plus, OGN still trades at $22 and just 4.3X forward earnings with FY25 EPS projected to rise another 2%.\nImage Source: Zacks Investment Research\nEven better, is that OGN offers a very generous 5.18% annual dividend yield that towers over the S&P 500’s 1.29% average.\nImage Source: Zacks Investment Research\nBig Tech\nNotably, famed analyst and CNBC contributor Jim Cramer believes Kamala Harris will be more sophisticated when it comes to business on Wall Street than Biden. Cramer and other pundits think President Biden has been too strict on big tech but have put emphasis on the notion that Mrs. Harris understands Silicon Valley with her brother-in-law Tony West being a former general counsel of PepsiCo (PEP) and currently serving as a chief legal officer to Uber Technologies UBER.  \nESG & Infrastructure \nPresident Biden’s historic $1.2 trillion infrastructure bill will continue to spark various areas of the economy for years to come, most notably the industrial products and construction sectors. \nMrs. Harris should share a similar enthusiasm for building out infrastructure-related assets in the US and two of the hottest infrastructure stocks have been Fluor Corporation FLR which sports a Zacks Rank #1 (Strong Buy) and Sterling Infrastructure STRL with a Zacks Rank #3 (Hold).\nNotably, Sterling Infrastructure’s stock has soared over +400% in the last three years with Fluor shares up nearly +200%.\nFurthermore, Mr. Harris has a strong stance on climate change and environmental policies which should support ESG (Environmental Social Governance) investors and the transformation of the broader oil and gas industry to include more renewable energy. While the current vice president has previously gone after Exxon Mobil XOM in regards to environmental standards, the oil giant has made strides to reduce its carbon footprint with BP BP planning to be net zero on carbon by the year 2050. \nHowever, it's noteworthy that both Exxon Mobil and BP have a Zacks Rank #4 (Sell) at the moment which is predicated on the trend of declining earnings estimate revisions.\nFinal Thoughts \nAlthough Kamala Harris has secured the necessary endorsements to become the Democratic presidential nominee there are still some grey areas as to potential policies on antitrust regulations that could affect big bank stocks and mergers which Trump has been deemed more tolerable on than Biden.\nThe same can be said about the stance Mrs. Harris will take on foreign tariff policies which may affect Chinese equities in particular as former President Trump has favored a high tariff policy on China. That said, we may get more clarity on these economic viewpoints when the current vice president potentially selects her running mate at the DNC in August.  \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFluor Corporation (FLR) : Free Stock Analysis Report\nSterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report\nOrganon & Co. (OGN) : Free Stock Analysis Report\nBP p.l.c. (BP) : Free Stock Analysis Report\nExxon Mobil Corporation (XOM) : Free Stock Analysis Report\nPepsiCo, Inc. (PEP) : Free Stock Analysis Report\nUber Technologies, Inc. (UBER) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454330533"}