Harris Leads Trump in Polls. Which Stocks Could Benefit from Her Policies?
With less than three months to go until Election Day, the race is tightening since Harris replaced Joe Biden as the Democratic nominee. Recent polls indicate Harris is pulling ahead of former President Donald Trump, prompting market interest in assets likely to benefit from her policy proposals.
Polls Show Harris Leading Trump
According to the latest polling by The New York Times and Siena College, Harris leads Trump by four percentage points in the crucial swing states of Wisconsin, Pennsylvania, and Michigan.
This is significant as both candidates are focusing their campaign strategies on winning over voters in these key battlegrounds.
Nationally, Harris has erased Trump's previous lead. Data from Real Clear Politics shows that since surpassing Trump last Monday, Harris's lead has expanded to 0.5%. A poll by Ipsos, conducted from August 2 to 7, reveals Harris leading Trump 42% to 37% nationwide.
A joint poll by the Financial Times and the University of Michigan's Ross School of Business indicates that voter trust in Harris on economic issues has matched that of Trump. The survey finds 42% of voters trust Harris to handle the economy, compared to 41% for Trump.
Although the 1% lead falls within the poll's margin of error of +/- 3%, it suggests a shift in the Democratic campaign's dynamics, as only 35% of voters had confidence in Biden's economic management last month, trailing Trump's 41%.
Harris has yet to unveil her formal economic policy platform but stated on Saturday that she plans to do so in the coming days.
ABC News reports that Harris and Trump are scheduled to debate on September 10, marking their first face-to-face confrontation before the election, which is anticipated to draw significant attention.
As Harris's chances of winning increase, market focus is shifting to stocks that could benefit from her policy agenda. Let's take a closer look.
Clean Energy & Electric Vehicles
Harris has consistently opposed fossil fuels and other contributors to climate change throughout her career, prioritizing clean energy and environmental justice. In her 2019 presidential bid, she introduced the Climate Plan For the People, proposing a $10 trillion investment to achieve a clean economy by 2045.
According to Ballotpedia, her campaign website indicated the plan aimed to accelerate the adoption of electric vehicles, solar panels, and wind turbines, with substantial investments in battery storage, climate-smart agriculture, advanced manufacturing, and innovative technologies for a carbon-free future.
Harris is likely to support increased government spending on green energy projects and sustainable infrastructure development. Watch stocks like $First Solar (FSLR.US)$ , $Enphase Energy (ENPH.US)$ , and $Nextracker (NXT.US)$ .
She may also continue to push for the Inflation Reduction Act, introduced during the Biden administration, to promote the adoption of electric vehicles and domestic manufacturing. Key stocks to monitor include $Ford Motor (F.US)$ , $General Motors (GM.US)$ , and $Rivian Automotive (RIVN.US)$ .
Consumer
Harris advocates for tax cuts for low- and middle-income groups, proposing a $500 monthly tax credit for individuals earning less than $100,000. This could boost the spending power of the middle class, benefiting the consumer sector. Keep an eye on retail giants $Amazon (AMZN.US)$ , $Walmart (WMT.US)$ , and $Costco (COST.US)$ .
Cannabis
Harris has a progressive stance on cannabis, calling for policy changes and criticizing current restrictions as “ridiculous.” She has urged the Drug Enforcement Administration (DEA) to reclassify cannabis and emphasized the need for swift action and sustained reclassification efforts. Notable cannabis companies to watch include $Teva Pharmaceutical Industries (TEVA.US)$ , $Dr. Reddy's Laboratories (RDY.US)$ , and $Tilray Brands (TLRY.US)$ .
Real Estate
Harris is focused on housing affordability in the US, proposing the Rent Relief Act, which offers tax credits to renters earning less than $100,000 annually. This could positively impact the US real estate sector. Key players to follow include $D.R. Horton (DHI.US)$ , $Lennar Corp (LEN.US)$ , and $PulteGroup (PHM.US)$.
Cryptocurrency
While Harris hasn’t clearly defined her stance on cryptocurrency, Reuters reported she appointed former Obama aide and former member of Binance’s Global Advisory Board, David Plouffe, as her senior strategic advisor, suggesting a potentially favorable policy towards the crypto industry.
Coinbase CEO Brian Armstrong mentioned in an August 1 earnings call, “increasingly optimistic that the next administration, whether Democrat or Republican, will be constructive on crypto.” Stocks to watch include $MicroStrategy (MSTR.US)$ , $Coinbase (COIN.US)$ , and $Marathon Digital (MARA.US)$ .
Source: Reuters, CNBC, NY Times, TheStreet
By moomoo News Olivia
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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10baggerbamm : this shows the level of stupidity that exists within the American people. here you have somebody that was vice president that was the swing boat in the house and the Senate that voted for pretty much all of the legislation that created this level of inflation. you have Biden that says I've created the strongest economy in the country ever and she's sitting there applauding saying how great the economy is but yet she keeps saying when I am president I'm going to do this that and the other thing which is all fucking lies because everything that the economy has done she is 100% responsible for because she signed the legislation as the swing vote she voted and it became law the inflation reduction at which was bullshit by name which is all Harris's is bullshit just like Biden the inflation reduction act created inflation it did not reduce it.
pt 1 of a few
10baggerbamm : pt 2
if you look at what she has said and what she has done since she has been office that's what she will continue to do because Biden was not running this country and she God willing will never be in the White House as president but if people are stupid enough to buy into the lies she will not be running the country either she will be told what to say and what to do by other people. and this is why Trump remains an enormous threat to the deep state to all the people that have sworn the religions to This global governance to a new world order which has been 30 plus years in the making. if you don't know what it is look it up it's not a conspiracy it is a fact. because Trump cannot be bought cannot be bribed cannot be told what to say what to do what to think that's why the media is against him that's why they create this agenda of lies deception and fraud against him because all of the media ABC CBS NBC they're all corrupt. they have zoom meetings once a day and this is public information you can verify this and I encourage you to do so
10baggerbamm : pt 3
they have zoom meetings once a day were they collude and conspire of what the storyline will be and the words used that's why you can flip from station to station and literally within a half a second here are the exact same story the exact same words because it's all part of brainwashing that's what it comes down to and this was proven in Nazi Germany by global some ministry of propaganda and that is exactly what is being done and has been done by the Democratic party going back to Obama actually goes back older but this is when they really ramped up deception lies and fraud and the power of the media and if you don't know the quote , control the media control the minds go look that up. so don't be stupid people Harris is another pawn she's a liar under her oil prices will skyrocket inflation will skyrocket and you will continue to see this dichotomy of the fraction of the 1% rich and everybody else becoming poor the middle class for her is nothing but a honey pot to steal money from to fund their corrupt programs. because climate change is a hoax in the 1970s go back and look what every PSA was about look what they pushed in the seventies look what they pushed in the 80s and for them to say all these Noble laureates researchers analysts scientists they all received tens of millions of dollars to produce results that were in alignment with what their agenda was and the reality is under Obama when he used to quote that they all have recanted the lies in the reports that were published.. don't be stupid people look at actions not words
10baggerbamm : look at what she stands for listen to her own words
defund the police defund ice remove their power from the current levels to lower levels
provide free health care to all illegal immigrants
make illegal crossings no longer a Federal criminal penalty
she doesn't believe there's any problem with the border the border is secure in her own words
free housing free think about that for every illegal person fuck the veterans that's basically what she's saying if you have skin in the game and you have served this country fuck you but if you're an illegal immigrant just come on over and we're going to register you as Democrats when you cross over. oh let's not forget saying the word illegal immigrant should not be used.
she supports sanctuary cities sanctuary States her words
incidentally people she's not black and the media initially was using the first black woman now they've scripted the first woman of color her mom was Indian her dad was Jamaican. unless they're going to lie about this birth certificate also cuz they have a history of doing that we all know that to be a fact.
as far as the Constitution goes second amendment it's gone under her look how she's voted listen to what she has said if that's an issue for you you need to understand what her words are and what her action has been
go back and look at everything she has done don't listen to what she's saying because she's liar.
and her most recent lie where she doesn't want to tax servers with the tips that they receive. let's see Trump was the one that proposed that we all know that that's 100% factual. but now she was at a rally this past weekend it's like I think that people that serve customers shouldn't have their tips taxed.
you want proof that that's a lie? she was a swing vote between the house and the Senate that appointed 83,000 more IRS agents to audit you!
71779621 10baggerbamm : Third World War is imminent if she gets elected. We will be under China. US will be fragmented, fighting for sovereignty and chaos everywhere, drugs, corruption dominate the atmosphere and finally USA will be split between Russia, China, and other dominant countries.
Ben Buttons : moomoo I thought you were better than this, don't push the lies of the democratic party. most of the media does already. when will people realize these aren't the democrats from 25 years ago or maybe they were just not so open about keeping us down. open your eyes and think for yourself and you'll see. give trump 4 years and he'll put us back on track.
Joe P : No reflection proves that vampires like Camela
Shootingstar : Alot of paid media supporting her. Utilising ai even to fake group of crowds at her arrival in airports and at her rallies. People can shrug and laugh it off but I feel it is to rig elections and silence the masses especially Americans of their rights.
Shootingstar Joe P : They doing this to rig the elections and faking mass support. Very dangerous!
Joe P : We've seen this before. Camela doesn't really have to worry about her campaign very much because she knows that no matter how many votes that Trump gets, she will just get a few more.
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