The countdown to the November 5th election has begun, and the stakes are high. As Americans prepare to cast their ballots, the fate of the country’s economic landscape hangs in the balance. While not every policy decision made in Washington has a direct impact on Wall Street, the incoming president and Congress will undoubtedly shape the environment for corporate America, influencing the stock market in the process.
Democratic presidential nominee Kamala Harris has outlined a series of ambitious proposals, including increased investment in affordable housing, reduced food and drug costs, expanded tax credits for middle-class families, and a significant hike in the corporate tax rate. While some publicly traded companies may struggle under Harris’s policies, others are poised to thrive.
In this article, we’ll explore three unstoppable stocks that could soar to new heights if Kamala Harris emerges victorious on November 5th.
First up is NextEra Energy, the nation’s largest electric utility by market value. As a staunch advocate for reducing greenhouse gas emissions and promoting clean-energy solutions, Harris’s presidency would likely accelerate the shift towards renewable energy sources. NextEra Energy is already ahead of the curve, with 72 gigawatts of capacity in operation, nearly half of which comes from renewables. The company’s commitment to investing $85 billion to $95 billion in infrastructure projects from 2022 through 2025 positions it for sustained growth, making it an attractive opportunity for investors.
Another stock set to benefit from Harris’s policies is NVR, a leading homebuilder focused on affordable, entry-level homes. With plans to construct 3 million new homes during her first term, Harris would offer tax breaks to homebuilders catering to first-time buyers and increase funding for local governments to remove zoning restrictions. NVR’s asset-light approach, which relies on lot purchase agreements rather than capital-intensive land development, has allowed it to outpace larger homebuilders in terms of growth. Its mortgage banking segment is also poised to benefit from the newly initiated rate-easing cycle.
Lastly, Mobileye Global, a provider of advanced driver assistance systems and autonomous driving solutions, stands to gain from Harris’s emphasis on clean-energy solutions. As newer vehicles become increasingly reliant on technology for operating efficiency and safety, Mobileye’s EyeQ chips and SuperVision platform are well-positioned to capitalize on growing demand. With a cash-rich balance sheet and no debt, Mobileye Global has the financial flexibility to weather any near-term storms and thrive over Harris’s four-year term.
Leave a Reply