All eyes are on the U.S. election, and the stock market is receiving mixed reactions ahead of the results. Presidential candidates Donald Trump and Kamala Harris are battling it out at the polls to clinch the White House. Both candidates have differing views on policies that will shape the next course of America.
Now that it’s election day today, we will highlight the best two stocks to buy while the votes are counted. These leading stocks might be able to generate quick returns as they are closely tied to the election cycle.
They are primarily media-related stocks that cover the U.S. election and have audiences from both sides of the political spectrum. These are recommended for day trading only as the results could increase volatility in the broader stock market.
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2 Stocks To Watch Out For on U.S. Election Day
1. Nexstar Media Group (NXST)
Nexstar Media Group is the parent company of multiple news outlets that have delivered relentless U.S. election coverage. Their platforms are The Hill and NewsNation, among others, which reach readers on both sides of the Republican and Democratic aisles. Therefore, this stock is a safer bet on election day as it could perform a balancing act, no matter who wins.
Since the reach comes from both liberals and conservatives, the chances of the stock spiking on election day remain high. The NXST stock is trading at $173 and is expected to spike on the U.S. election day.
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2. Gannet Media (GCI)
Gannet Media is the parent company of the USA Today network, which enjoys a tremendous reach among local audiences. The company generated strong digital revenue growth in 2024, and the recent Q3 earnings call beat all expectations.
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Also, in 2024 alone, Gannet Media stock surged 105%, doubling investors’ money in just 11 months. The stock price of Gannet Media is now at $4.87 and could zoom higher on U.S. election day.