Market Overview

Presidential Candidates, And The Sectors Affected By Them

Presidential Candidates, And The Sectors Affected By Them

A team of Morgan Stanley analysts took a deep dive into Donald Trump and Hillary Clinton's proposals and what they would mean for the economy and the stock market.

Here is a summary of what each candidate is proposing.

Clinton wants to impose a tax increase on the highest earnings and will use the incremental taxes to finance initiatives in education and healthcare and other key priorities. The problem is she may not have the necessary support from a divided Congress.

Trump has made tax cuts a "centerpiece" of his economic plan, but this "carries a much greater cost and the debt financing implications are unclear."

Related Link: Trump: "The Shackles Are Off"

On the other hand, both Clinton and Trump have proposed infrastructure spending plans that are "quite large" from a historical perspective. So far, both candidates have left "crucial questions unanswered."

Hypothetical Specifics

Given a similar stance, the analysts top picks for investors in the infrastructure space include:

  • Industrials: Eaton Corporation, PLC Ordinary Shares (NYSE: ETN) and Pentair plc. Ordinary Share (NYSE: PNR)
  • Machinery: United Rentals, Inc. (NYSE: URI) and Terex Corporation (NYSE: TEX).
  • Utilities, if Clinton wins: Sunrun Inc (NASDAQ: RUN) and NextEra Energy Inc (NYSE: NEE) given her focus on faster renewables growth and a larger grid spend.
  • Utilities, if Trump wins: NRG Energy Inc (NYSE: NRG) as the company will be a beneficiary from less rigorous regulation and slower renewables growth.

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Latest Ratings for ETN

Apr 2020CitigroupMaintainsBuy
Apr 2020Gordon HaskettUpgradesHoldBuy
Mar 2020Wells FargoMaintainsOverweight

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Posted-In: 2016 presidential election Donald Trump Hillary ClintonAnalyst Color Politics Top Stories Analyst Ratings General Best of Benzinga

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