BMO Capital Markets dropped its 2024 election guidance last week. The firm found that stocks in different industries rose and fell depending on which party won the White House. BMO focuses on potential impacts related to tariffs, regulation, immigration, taxation and socially conscious business frameworks. “We are not expressing an opinion on the election results, but rather sharing our perspective from a policy perspective,” the company said. CNBC Pro rounded up some names that BMO believes will win in both scenarios. Kamala Harris wins If Harris wins, Brookfield Renewables could be the winner. This is because it is considered a beneficiary of renewable energy support. The stock has underperformed the market so far this year, rising 8%. Still, Wall Street remains bullish on the stock. Most analysts polled by London Stock Exchange Group (LSEG) have a buy rating, and the price target implies a rise of more than 6%. If the Democrats win the White House, the name “Dollar Tree” may come up as a “relief rally.” Shares have fallen more than 50% this year, but Wall Street expects a rebound ahead. The average target price from analysts surveyed by the London Stock Exchange implies a rebound of more than 25%. Still, the typical analyst maintains a hold rating. A Donald Trump victory If Trump wins re-election, the Dow Jones could get a boost along with other U.S. commodity producers. The blue-chip stock has fallen more than 5% in 2024, making it one of the worst performers on the Dow Jones Industrial Average this year. Analysts expect a rise of more than 10%, according to LSEG. But the typical analyst gives it a hold rating. Adtalem Global is another name that could benefit under Trump, as looser regulations should help for-profit education. Healthcare education stocks are up more than 22% this year. All three analysts who rate the stock rate it as a Buy. The average price target implies the stock could rise more than 20% over the next year.
