While the final House votes are still being tallied, the latest projections indicate that Republicans are set to take control of the lower chamber of Congress alongside the Senate, clearing the path a full GOP sweep of the executive and legislative branches. Investors have been quick to cheer an expected pro-business agenda from President-elect Trump, which is broadly anticipated to feature investments in domestic manufacturing and infrastructure, widespread deregulation, and fresh tax incentives. Additionally, shifts in environmental policies could affect the renewable energy and waste management industries.
Against this backdrop, analysts at Oppenheimer have highlighted three stocks that could benefit from anticipated policy changes under the incoming “Red Wave” in Washington, D.C.: Caterpillar (CAT), a leader in heavy equipment manufacturing expected to benefit from infrastructure spending and reshoring trends; Tesla (TSLA), the domestic electric vehicle (EV) leader whose CEO Elon Musk is a close ally of Trump's; and Republic Services (RSG), a top player in waste management and recycling that could see a boost for its landfill biogas initiatives. Here's a closer look at all three.
