Op/ed: Whether You Vote for Harris or Trump, Stocks Will Thrive
UMD Business Researcher Says Candidates’ Platforms Differ, But American Markets Are Safe Bet
By Peter Morici
The different economic approaches favored by the Democratic and Republican presidential hopefuls would both allow the U.S. stock market and economy to thrive, a UMD researcher writes in a new op/ed.
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Vice President Kamala Harris and former President Donald Trump have radically different economic views, but the U.S. stock market will prosper under either of the presidential candidates, according to a new syndicated commentary from economic policy expert Peter Morici, a professor emeritus in the University of Maryland’s Robert H. Smith School of Business.
While Americans are apprehensive about sweeping changes like the rise of AI and the effects of decarbonizing the energy sector, the nation has always leveraged innovation to boost economic growth and increase employment, he writes.
For investors, betting on the outcome of an election — especially one so closely contested — is a risky business. Suffice it to say, if Harris becomes president, then EV manufacturers like Tesla and Rivian Automotive, EV-charging network operators such as ChargePoint Holdings and Beam Global, and solar stocks including First Solar and SunRun, as well as their suppliers, would all get a boost.
If Trump prevails, then legacy automakers still reliant on internal combustion engines would benefit, as would oil-and-gas stocks such as Baker Hughes, Exxon Mobil and Occidental Petroleum.
Read the rest at TribLive.
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