Wall Street Winners: Stocks to Watch if Trump Triumphs
InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Following last week’s first presidential debate, former President Donald Trump is now the heavy-betting favorite to win the 2024 election. And that has big implications for the stock market.
Ahead of the recent debate, betting markets showed that President Joe Biden and Donald Trump were neck-and-neck in the White House race. Since then, however, Trump has pulled way ahead, with his composite odds of winning in November standing around 60% today.
Biden, meanwhile, has fallen to 20% odds. Other potential candidates (like Governor Gavin Newsom, Vice President Kamala Harris and others) are all around 20% odds, too.
In other words, for the first time in this race, the betting markets are saying Trump has a very good chance of winning the November election.
If that comes to be, certain stocks are likely to perform extremely well.