A Shift in Power: 3 Stocks Poised to Thrive Under a New Administration
The role of the Vice President has historically been shaped by the assignments given by the President. However, with Kamala Harris setting her sights on the top spot, her policy proposals could have a significant impact on various industries. According to recent polls, Harris has a decent chance of winning, which could pave the way for her to implement changes that could benefit certain businesses.
Three companies that could emerge as huge winners if Harris becomes President are Broadcom, D.R. Horton, and MP Materials. Broadcom, a California-based company, has seen significant growth in recent years due to the surge in demand for its AI networking products and custom AI accelerators. Harris’ plan to invest in “critical industries of the future,” including AI data centers and the semiconductor industry, could further boost Broadcom’s momentum.
D.R. Horton, the largest homebuilder by volume in the U.S., stands to benefit from Harris’ economic policies, which are expected to lead to lower inflation and interest rates. The company could also gain from Harris’ plan to spur the construction of 3 million new homes, which includes providing financial help to first-time homebuyers and tax credits to homebuilders who sell to them.
MP Materials, the largest producer of rare earth materials in the Western Hemisphere, could thrive under Harris’ administration due to her policies supporting renewable power, energy efficiency, and the protection of U.S. electric vehicle makers. Her plan to build a national stockpile of critical minerals could also provide a significant boost to the company.
While these stocks have the potential to thrive under a Harris administration, it’s essential to consider other factors before investing. A well-diversified portfolio and careful analysis of market trends are crucial for making informed investment decisions.
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