Investors analyzing potential stock impacts of potential Trump presidency with JD Vance as running mate

From Nasdaq

July 17, 2024 3:00 pm:

Investors are analyzing potential impacts of policies on the economy. As Trump announces JD Vance as his running mate, attention turns to which stocks could benefit in the event of his reelection. Markets seem to be pricing in a potential Trump presidency, leading to speculation on stocks that may thrive under his administration.

History shows candidates receive a boost during nominating conventions. Stocks like Trump Media & Technology (DJT) serve as plays on a potential Trump presidency, with the former president heavily involved in the company and its core product, Truth Social.

Finance sector stocks, like JPMorgan, Goldman Sachs, and Bank of America, may benefit under a Trump presidency due to potential relaxation of M&A regulations. Bank of America’s strong performance this year reflects optimism in the sector.

Cryptocurrency stocks, including Coinbase Global, Block, and Marathon Digital, have seen a spike following the news of a potential Trump presidency. Biden’s administration has been viewed as more stringent on cryptocurrency regulations, leading to positive market sentiment towards these stocks.

Read more at Nasdaq.: Stocks to Watch as Trump Picks Running Mate