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Eco-Friendly Biden or Defense-Friendly Trump: Who’s the Better Candidate?

Daniel Kim Views  

Yonhap News

Korea Investment & Securities forecasted on the 30th that if President Joe Biden is re-elected in the U.S. election, green energy-related stocks will rise, whereas if former President Donald Trump is elected, defense and other industries will benefit.

Choi Bo Won, an analyst at Korea Investment & Securities, predicted potential beneficiaries should President Biden be elected. He identified four sectors – green energy, healthcare services, traditional infrastructure, and power infrastructure – as the most likely to benefit. Specifically, he named companies such as Ecolab, GE Verenova, Xylem, and First Solar as beneficiaries in the green energy sector, and UnitedHealth Group and HCA Healthcare in the healthcare service sector.

Choi noted that in the event of former President Trump’s election, large capital growth stocks, security, defense, traditional energy, and pharmaceutical/biotech industries will benefit. Within the large capital growth stocks, Microsoft Corporation, Alphabet, and Amazon are anticipated to be beneficiaries along with security companies like Palo Alto Networks and Fortinet.

In the defense sector, Choi highlighted RTX, Lockheed Martin Corporation, and General Dynamics. Furthermore, Choi predicted benefits for Exxon Mobil in the traditional energy sector, and Eli Lilly, Merck, and AbbVie for the pharmaceutical/biotech sector.

Daniel Kim
content@viewusglobal.com

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