Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
Published On Oct 13, 2024, 7:00 AM
The upcoming U.S. presidential election features stark differences in policy that will affect various sectors of the economy. Former President Trump is expected to continue his previous policies including tax cuts, reduced regulation, and tariffs on imports, while Vice President Harris leans towards increasing corporate taxes and maintaining strict regulation. Key implications are seen in industries such as airlines, banks, electric vehicles, healthcare, media, restaurants, and technology. Depending on the election outcome, businesses could face either a lenient or stringent regulatory environment. Trump's resurgence could support mergers and reduce oversight, while Harris may uphold existing protections and regulations, particularly in the areas of consumer protection and environmental standards, indicating a period of uncertainty for investors.
Stock Forecasts
AAL
Positive
Given Trump's potential policies of deregulation, tax cuts, and support for mergers, airlines may benefit greatly, especially those looking to consolidate. This sector could see a positive shift in stock prices if Trump wins.
JPM
Positive
If Trump wins, big banks like JPMorgan Chase may experience a rollback of regulations, potentially improving profitability. Conversely, if Harris wins, banks could face stricter regulations impacting their revenue negatively.
TSLA
Negative
The electric vehicle sector could face uncertainty, as Trump's policies may roll back regulations that are currently favoring EV adoption, potentially putting stocks like Tesla in a precarious position.
JNJ
Positive
The healthcare sector may see mixed results; while drug pricing policies could change, both candidates are interested in lowering prices, but Harris's approach may strengthen healthcare stocks if reforms continue.
DIS
Positive
In the media sector, a Republican win could ease regulatory pressures and foster mergers, while a Democratic win would maintain strict oversight. Media companies like DIS could benefit if Trump is elected.
DRI
Negative
The restaurant sector may face pressure on costs if wage reforms move forward, especially under a Harris administration, which could dampen immediate stock performance for companies like DRI.
AAPL
Positive
Tech companies could see their deal-making capabilities impacted depending on who takes office. A Trump win may cut regulatory hurdles, potentially lifting stock prices for major players like AAPL.
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