The US Election Results Can Make or Break These Big Market Players

With all the uncertainties, let’s take a look at how the election outcome will affect sensitive companies that stand in the line of fire of Trump’s and Biden’s policies.

Trump Protectionism

Alibaba gains 41.72% this year, SimpleFX WebTrader

Meanwhile, Bank stocks like JPMorgan are also expected to benefit from Trump’s corporate tax cuts and deregulations of financial stocks.

What Biden’s Environmental Advocacy Means for US Oil Players and Tech Giants

On the other hand, renewable energy players like First Solar are seeing stock prices rise after years of slump as Joe Biden leads the polls. Investor giants like Citigroup that support renewable energy initiatives are also poised to see better stock prices in a Biden win.

In the tech scene, major players like Facebook and Apple are also supporting initiatives towards carbon footprint reduction with their release of environmental progress reports and public commitment to reducing their respective carbon emissions in the near future.

Conclusion

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Originally published on: https://blog.simplefx.com/2020/10/23/the-us-election-results-can-make-or-break-these-big-market-players/

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