FINSUM + Magnifi: These Stocks Benefit No Matter Who Wins the Election
(October 2020)
The election is well and truly underway, with tens of millions of early votes already cast. That has not made the outcome any clearer though and there is a still a lot of uncertainty about who will win. As this relates to client portfolios then, one good idea is to pick stocks that seem poised to benefit in any outcome. Interestingly, the stocks that seem most likely to benefit in either situation are budget consumer-facing companies—think McDonalds, Dollar General and beyond. None of them are regulatory targets, and many seem likely to benefit from additional stimulus the government seems likely to offer. Likewise, infrastructure funds appear as though they will gain because either party will probably pass a new infrastructure bill.
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