From Nasdaq: 2024-11-11 07:41:00

Zacks Investment Ideas highlight Amazon and Home Depot as top stocks poised to benefit from a Trump presidency. With potential tax cuts and increased consumer spending, both companies are expected to see growth. Amazon’s cloud services and Home Depot’s home improvement sector are key factors in their positive outlook.

Amazon’s stock has surged to new highs post-election, with a Zacks Rank #2. Earnings estimates have risen, with a projected 28.3% annual growth. Amazon’s e-commerce and cloud computing segments are driving its success, making it a top pick for investors.

Home Depot, also with a Zacks Rank #2, is benefiting from increased home improvement projects and millennial home ownership. Earnings growth forecasts are at 9.6% annually. With a recent breakout in stock price, Home Depot shows strong momentum for potential growth.

Investors looking to capitalize on a Trump-influenced economy may find Amazon and Home Depot attractive. Both companies align well with policies favoring tax cuts and reduced regulations, making them solid picks for those seeking exposure to consumer-driven sectors.

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Read more at Nasdaq: Zacks Investment Ideas feature highlights: Amazon and Home Depot