Investors may want to start considering their options for the next presidential election, as another close race could be on the horizon. Depending on which candidate wins, different opportunities may arise. While I have previously discussed stocks that could perform well if Donald Trump wins, the dynamics of the campaign have shifted with Vice President Kamala Harris now in the running for the Democratic nomination.
If the Democrats retain the White House, there are three stocks that I believe will see significant growth if Harris wins in November.
1. Brookfield Renewable
Harris has a strong record of supporting initiatives to combat climate change, which could benefit renewable energy stocks if she wins. I believe Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) will see significant growth under a Harris administration.
Brookfield Renewable operates various renewable energy facilities globally and has a substantial development pipeline. The company’s focus on renewable energy aligns with Harris’ priorities, making it a promising investment regardless of the election outcome.
2. Rivian Automobile
Vice President Harris has shown support for electric vehicles, which could benefit companies like Rivian Automobile (NASDAQ: RIVN). Rivian is a leading American EV maker with plans for expansion and growth in the EV market.
The company’s focus on electric vehicles aligns with Harris’ policy initiatives, making it a strong contender for growth if she wins the election.
3. Trulieve Cannabis
Harris’ stance on cannabis legalization could benefit companies like Trulieve Cannabis (OTC: TCNNF). Trulieve is a dominant player in the cannabis market, particularly in Florida, and could see significant growth if Harris wins and supports marijuana legalization.
Trulieve’s market position could be further strengthened if cannabis is legalized in Florida, potentially boosting its stock value.
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