Stocks may benefit from Trump's pro-fossil fuel policies while green energy could do well under Harris

From Nasdaq

July 24, 2024 5:28:14 pm:

Multiple polls show Vice President Kamala Harris and Donald Trump running even. Trump already has the GOP nomination and picked J.D. Vance as his running mate. Harris has majority delegate support after President Joe Biden endorsed her. The “Trump trade” has reversed, with Biden’s withdrawal leading to a rise in “blue stocks”. Oil and gas companies like Cheniere Energy and Schlumberger could benefit from Trump’s pro-fossil fuel policies. Cryptocurrency companies like Coinbase and Marathon Digital Holdings could see a boost under Trump. Harris may support green energy, benefiting companies like Enphase and Tesla. Tech companies like Apple and Nike could fare better under Harris compared to Trump. Safe bets include consumer-facing companies like Walmart and Coca-Cola.

Read more at Nasdaq.: Watch Out For These Stocks as Trump and Harris Run Neck and Neck in Polls