The US stock market witnessed quite a surge when Kamala Harris entered the Presidential race. Although the market displayed a strong upward momentum after Harris’s entry, investors liquidated nearly $953 billion last week.
The stock market may experience some volatility in the days before the election, but we may witness a market-wide rally after the victor is announced.
Let’s look at three stocks you could buy now if Kamala Harris wins the Presidential race.
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Top 3 Stocks You Could Watch If Kamala Harris Wins The Presidential Election
1. First Solar (FSLR)
A Harris victory could spell well for the renewable sector. In such a scenario, we could witness a surge in the value of First Solar (FSLR), the largest American solar panel builder.
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FSLR witnessed a significant dip in the last days of October after its Q3 results did not match investor hopes. Despite the dip in late October, the company has recovered quite a bit.
2. Honeywell International Inc (HON)
As pointed out by Georgetown University’s Michael Bailey, defense contractor stocks have displayed strength in anticipation of a Harris victory. Harris has promised continued support for Ukraine’s fight against Russia, and a Harris victory could lead to a surge in defense stocks like HON.
With global geopolitical uncertainty, defense contractor stocks could rally if Harris takes charge of the White House.
3. DR Horton Inc (DHI)
A Harris victory may also lead to positive developments for the homebuilding sector. Harris has promised to build more homes while reducing renters’ and buyers’ costs. She plans to do this largely through tax incentives.
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DHI has witnessed correction over the last week and is down 0.80% on Monday. The stock could witness a rebound if Harris wins the upcoming election.