MS - As Trump's Chances Of Presidency Improve Analysts Say His Return To White House Could Boost These 3 Sectors | Benzinga
In the event of a victory by former U.S. President Donald Trump in the upcoming election, three market sectors could experience a surge, according to a research note from Dubai-based financial advisory deVere.
What Happened: The report highlighted that energy, manufacturing, and bank stocks could benefit from a potential Trump win, Barron’s reported on Tuesday. This follows an attempted assassination of the former president on Saturday, which has led to an increased likelihood of his victory, as indicated by the political futures market PredictIt.
Nigel Green of deVere suggests that the Republican party’s anti-ESG stance could strengthen the energy sector, while the “America First” policies could boost manufacturing. Bank stocks are also expected to surge as the Trump administration is likely ...