Some games seem obvious. Trump has traditionally been seen as a positive for banks and fossil fuel companies and a bane on industries such as renewable energy. Several analysts said LuckBut the story may not be that simple. From tariffs with tax policyOther potential impacts of a second Trump administration also loom large.

With all that said, here are the stocks that could rise or fall if Trump wins on November 5:

What to Buy?

Banks could be the crux of the Trump trade. Jay Hatfield, CEO of Infrastructure Capital Advisors, is not a fan of stock selection based on the presidential race. However, he is willing to say that financials will benefit from a Trump presidency (regardless of whether Republicans gain control of Congress) possibly due to lighter regulations. JPMorgan ChaseAmerica’s largest bank could see a boost in profitability.

This may also be true for private equity firms and other asset managers having to weather a crisis environment. difficult period to make a deal. A company like the alternative asset giant KKR will benefit from an increase in both public offerings and mergers and acquisitions.

Crypto is almost certainly a friendlier The regulatory environment under Kamala Harris or Trump, at least compared to the status quo under the current SEC chair Gary Gensler. But the Republican candidate has openly embraced the industry during this election cycle, and many crypto bulls are pricing in a Trump victory. crypto exchange coinbase and software company MicroStrategy, largest public corporate owner It is stated that Bitcoin will benefit from the post-election rise.

Finally, energy is widely seen as a Trump ploy, thanks to the former president’s stance. promise “drill, baby, drill.” Sam Stovall, chief investment strategist at CFRA Research, believes the supply and demand story may be a little more complicated. He said significantly increasing oil production would reduce the cost of oil.

“This would hurt exploration and production companies as well as upstream companies that are drilling,” he said, “but it would also benefit downstream companies.” The latter includes refineries such as Valero Energy and natural gas transportation giant KinderMorgan.

What to Sell

But according to this logic, leading drillers H.F. Sinclair (famous for its dinosaur logo) and Helmerich and Payne He may not be able to capitalize on Trump’s so-called energy boom.

There’s no point in Hatfield being skeptical of such a story. He also believes the doom and gloom about the future of renewable energy under the Trump administration is unreasonable and says Republicans are unlikely to follow through on their calls for the Inflation Reduction Act to be repealed or significantly reshaped. encourages Investments in production and clean energy.

Regardless, the most important issue for retailers is the issue of tariffs. Trump promised to put “America First” as part of his campaign. recommended At least 10% duty and minimum duty on all imports from the USA 60% tariff on all Chinese goods.

Mainstream economists emphasis The resulting price increases will be passed on to American consumers. This could hit major importers Walmart And Dollar General “It’s tough,” Stovall said.

Meanwhile, retaliatory tariffs and trade wars could have a chilling effect on global trade. Cargo and logistics companies such as the German shipping giant DHL ready to lose.

“If there is less trading, then there is less money to be made,” Stovall said.

So don’t be surprised if Trump’s victory causes these stocks to sell off.

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