If Trump Is Elected, Could These 10 Stocks Be the Next Amazon?
Presidents don’t control the stock market, but you can bet that the stock market reacts to major political events like changes in occupancy at the White House. If Donald Trump succeeds in evicting President Biden from his current residence at 1600 Pennsylvania Ave., publicly traded companies across the country and the world could see their stock prices rise or fall on the news.
“Three themes that Donald Trump espouses are that domestic energy policy will favor fossil fuels, that he’ll exert influence to move interest rates lower and that corporate tax rates will fall,” said Anthony Termini, a seasoned investment advisor, portfolio manager providing specialized consulting to financial firms and FinTech companies and expert contributor for Annuity.org.
Chevron (CVX) is one of the largest American oil and gas producers. Fewer restrictions on drilling will definitely benefit this big oil company.
Exxon-Mobil (XOM) has nearly double the market cap of Chevron. Market expert Gianmaria Feleppa, CEO of UCapital Fintech Group, thinks ExxonMobil is the company that’s most likely to have an Amazon-like year if Trump is re-elected.
First Solar (FSLR), a sustainable energy company, could benefit if Trump puts tariffs on Chinese-made solar panels, making them less competitive, which could help First Solar’s sales.
Berkshire Hathaway (BRK.A/B), run by Warren Buffet, is likely to be a major beneficiary of lower tax rates if Trump is re-elected.
Ares Capital (ARCC) is a specialty finance company that provides financing to middle-market companies. Lower interest rates will mean more borrowing, which middle-market companies will likely pursue to accelerate growth.
Peninsula Energy (PENMF) trades over the counter as a penny stock. The company’s stock soared in 2019 when President Trump announced a plan to create a reserve of domestically mined uranium for weapons and energy stored in a “Federal Uranium Security Stockpile.”
Trump Media & Technology Group (DJT), the company that holds Truth Social, Trump’s social media platform, could get a boost if Trump uses the platform during his presidency.
Kratos Defense & Security Solutions, Inc. (KTOS) has secured a $499 million contract for anti-tamper technology for the Department of Defense and is poised to soar if Trump is re-elected.
Lockheed Martin (LMT) is one of the biggest defense contractors in the world, and analysts believe a second Trump presidency could give it an Amazon-esque year.
Axon Enterprise, Inc. (AXON) ranks as the No. 1 stock to buy in anticipation of a second Trump term. The company makes weapons, vehicles, systems, and accessories for law enforcement, and Trump has vowed to increase police and domestic security funding as part of his law-and-order platform.
