EXCLUSIVE: Market Strategist Predicts 4 Winning Sectors Based On Trump Or Biden 2024 Election Victory
Portfolio Pulse from Chris Katje
Market strategist Jay Woods predicts that financials and healthcare sectors could benefit if Trump wins the 2024 election, while industrials and semiconductor sectors could benefit if Biden wins. ETFs like XLF, XLV, XLI, and SMH are highlighted as potential winners.
July 19, 2024 | 7:28 pm
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POSITIVE IMPACT
The VanEck Semiconductor ETF (NASDAQ:SMH) could benefit from a Biden victory due to continued support for semiconductor stocks.
Jay Woods predicts that semiconductor stocks could benefit under Biden, continuing the momentum from the Chips Act. SMH, which tracks the semiconductor sector, could see gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Select Sector Fund – Financial (NYSE:XLF) could benefit from a Trump victory due to potential minimized financial regulations.
Jay Woods predicts that financial regulations could be minimized under Trump, benefiting financial stocks. XLF, which tracks the financial sector, could see gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Select Sector Fund – Industrial (NYSE:XLI) could benefit from a Biden victory due to continued support for industrials.
Jay Woods predicts that industrials could benefit under Biden, continuing the momentum from the Chips Act. XLI, which tracks the industrial sector, could see gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Select Sector Fund – Health Care (NYSE:XLV) could benefit from a Trump victory due to potential growth in the healthcare sector.
Jay Woods predicts that the healthcare sector will thrive under Trump, benefiting healthcare stocks. XLV, which tracks the healthcare sector, could see gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80