The 2024 U.S. presidential election is fast approaching, with all eyes on tonight's first scheduled debate between contenders Joe Biden and Donald Trump. With the start of campaign season comes plenty of speculation about how the outcome could impact financial markets. With every policy proposal under scrutiny, there's growing interest among investors as to how specific stocks and sectors might fare, depending on who wins the White House this November.
Analysts at major investment banks like UBS are already highlighting stocks that could see tailwinds if Trump makes his way back to 1600 Pennsylvania Avenue, especially if Republicans also secure control of Congress. Three companies that stand out from the brokerage firm's “red sweep” lineup are natural gas name Cheniere Energy (LNG), domestic automaker General Motors (GM), and steel stock Nucor Corporation (NUE).
