As the US presidential election of 2024 approaches, speculations about Kamala stepping into the Oval Office remain strong.
Recent developments suggest that despite Donald Trump’s claim that Harris would be a more difficult opponent than Joe Biden’s, a Harris presidency is still conceivable.
Investors who want to take advantage of this opportunity might consider investing in stocks that will benefit from a Harris presidency.
Here are four stocks that our experts believe will see significant gains in the event Harris is elected president.
Rivian Automotive Inc. (NASDAQ: RIVN).
Rivian Automotive Inc. is well positioned to benefit from a Harris presidency.
Kamala Harris will continue and expand President Biden’s commitment of promoting domestic electric vehicles (EV) production.
Rivian, a leader in the EV industry, stands to benefit from increased support for US-based manufacturers of electric vehicles.
Rivian’s chances could also improve if Harris selects Pete Buttigieg as her running mate. Buttigieg is the current Secretary for Transportation.
Buttigieg is a strong advocate of the transition to electric cars. His influence could lead to further policies that support domestic EV manufacturing, potentially boosting Rivian stock as we approach 2025.
Organon & Co (NYSE: OGN)
The 2024 election will likely have a significant effect on the legal status for abortion. Kamala Harris’ pro-choice position contrasts sharply with Trump’s prolife position.
Organon & Co., a company that is involved in women’s healthcare, could benefit from this shift in policy.
Organon, a company that specializes in women’s healthcare, including contraception and reproductive medicine, as well as psychiatry and hormone replacement therapy has seen its shares increase by nearly 50% this year.
Under a Harris administration the company’s focus could attract more investment and attention, potentially driving up its stock.
Tilray Brands Inc (NASDAQ: TLRY)
Cannabis stocks could experience a significant boost under a Harris presidency given her likely support of pro-cannabis policy.
A Democratic government under Harris, unlike a Republican administration that might be less supportive of cannabis legalization, is expected to promote cannabis industry.
Tilray Brands Inc., a leading cannabis manufacturer based in New York reported record financial results last week. The company’s net revenue increased by 26% year-over-year.
Tilray stock remains a good option for investors who are anticipating the Harris administration’s support of the cannabis industry, despite a 35% decline from its high for the year to date in April.
Zscaler Inc (NASDAQ: ZS)
Zscaler Inc. is well positioned to benefit from the continued focus on cybersecurity, regardless of the outcome of the elections.
Zscaler’s position on the market is strengthened by recent outages from CrowdStrike, Microsoft and other cybersecurity companies.
Zscaler recently partnered up with Nvidia in order to enhance its AI driven cybersecurity innovations. Analysts at Wedbush Securities have given Zscaler a positive outlook, stating that the company is well-positioned to capitalize on AI trends. The stock is a strong candidate for continued growth.
The Nasdaq listed company is expected to report its quarterly results early in September. It expects its loss per share to be reduced from 17 cents down to 14 cents.
These stocks could provide substantial growth opportunities under a Harris administration, from advancements in electric car production to support for women’s health.
This post Top 4 stocks which could thrive if Kamala wins the US election in 2024 may be modified according to new developments.
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