The results of the U.S. presidential election is on a razor’s edge. President Donald Trump and his challenger, former Vice President Joe Biden, have been shoulder to shoulder in many key states.
A different variety of sectors and stocks are going to benefit depending on which candidate wins. But do you know which are the best stocks to buy if Biden takes office in January?
Let’s look at three of the best industries to invest in under a potentially new administration… Some of these positions are clear winners; however, others are bets you might be unaware of.
Stocks to Buy if Biden Takes Office
Toward the beginning of the 2020 presidential campaign, a lot of traders and investors thought U.S. President Donald Trump would be reelected.
But after the results so far, my inbox has been flooded with emails and questions saying, “Roger, Biden could be taking the oath of office on Inauguration day. What’s going to happen then? Which sectors and stocks would feel that impact the most?”
Don’t panic, folks. It’s not as bad as you might think…
I’ve said it before and I’ll say it again… There’s an even bigger catalyst overriding the price of stocks right now than the U.S. presidential election, and it’s COVID-19.
But for those of you who are still curious, I’ll give you a quick breakdown of which stocks to buy if Biden takes office in January.
First up, energy and infrastructure…
Former Vice President Joe Biden said he’d invest $2 trillion in clean energy infrastructure, which could give the sector and companies like NextEra Energy Inc (NYSE:NEE) a nice boost.
Biden has additionally pledged to execute a vehicle charging network roll out. This could be a huge move for industrial and basic materials companies because their stocks do well when things are being built. It doesn’t matter if its roads, bridges or even vehicle charging stations.
And that’s just the first industry Joe Biden and the Democrats could influence…
Check out today’s video and leave a comment in the section below. Did you find this video helpful? Do you plan to trade any of the sectors or stocks I mentioned today? Why or why not? I look forward to reading your comment.
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