These 3 Stocks Will Soar if Trump Wins in November


Last updated: October 22, 2024

Republicans have officially nominated former President Donald Trump as their presidential candidate. With the election approaching, investors are eyeing stocks that might thrive under different administrations. Here are three stocks I predict will soar if Trump wins in November.

1. Nucor

Trump’s proposal for a 10% tariff hike on all imported goods and 60% on Chinese imports could benefit Nucor (NYSE: NUE), a leading U.S. steelmaker.

These tariffs would likely boost Nucor’s sales by reducing competition from Chinese steelmaker businesses. Nucor’s shares, currently trading at a forward price-to-earnings ratio of 12.6, could see significant gains from stronger earnings growth in a protectionist environment.

2. Halliburton

The Republican National Convention echoed with chants of “drill, baby, drill,” reflecting Trump’s promise to enhance domestic oil and gas production. This bodes well for Halliburton (NYSE: HAL), a major player in oilfield services. In 2023, Halliburton generated 46% of its revenue from North America. With shares trading at around 11 times forward earnings, Halliburton could benefit from renewed focus on domestic energy production under a Trump administration.

3. UnitedHealth Group

Trump’s approach to healthcare would likely favor less stringent Medicare Advantage regulations, benefiting UnitedHealth Group (NYSE: UNH). As the largest provider of Medicare Advantage plans and the biggest U.S. health insurer, UnitedHealth stands to gain. Analysts predict that a Trump-led Department of Justice would ease scrutiny on UnitedHealth’s integration of managed care and Optum health services. UnitedHealth’s stock, which recently hit an all-time high, could see further gains with a Trump victory.

In conclusion, while the political landscape remains uncertain, these three stocks—Nucor, Halliburton, and UnitedHealth Group—are poised to benefit from a Trump presidency. Investors should consider these potential opportunities as part of their broader investment strategy.

You May Also Like:



About The Author

Co-Founder & Chief Editor
Jon Morgan, MBA, LLM, has over ten years of experience growing startups and currently serves as CEO and Editor-in-Chief of Venture Smarter. Educated at UC Davis and Harvard, he offers deeply informed guidance. Beyond work, he enjoys spending time with family, his poodle Sophie, and learning Spanish.
Learn more about our editorial policy
Growth & Transition Advisor
LJ Viveros has 40 years of experience in founding and scaling businesses, including a significant sale to Logitech. He has led Market Solutions LLC since 1999, focusing on strategic transitions for global brands. A graduate of Saint Mary’s College in Communications, LJ is also a distinguished Matsushita Executive alumnus.
Learn more about our editorial policy
Leave a Reply

Your email address will not be published. Required fields are marked *