Steel stocks would likely outperform under if former President Donald Trump returns to the White House, while clean energy providers might rally if Vice President Kamala Harris captures the presidency, according to JPMorgan.
Clean Energy In the same 14-page report, JPMorgan shared the name of specific companies that are likely to benefit should either candidate prevail.
Steel and aluminum Conversely, Peterson is bullish on steel and aluminum companies if former President Trump gets a second term.
Shares of steel producer Nucor have tumbled nearly 18% in 2024 but could bounce back under a Trump victory, according to JPMorgan.
Other potential winners under a Trump presidency include aluminum producer Kaiser Aluminum and rare-earth materials processor MP Materials , said JPMorgan.
Persons:
Donald Trump, Kamala Harris, Harris, Bill Peterson, Peterson, EBITDA, William Grippin, Trump, Morgan Stanley, Carlos De, Martin Englert
Organizations:
White, JPMorgan, Trump, EV, Department of Energy's, Office, Democratic, UBS, DOE, Power, Energy, Republican, Steel, Nippon Steel, U.S . Steel, Seaport Research Partners, Aluminum
Locations:
Los Angeles, adj, 2H25, Charlotte, Cleveland