Must-Buy Stocks: cgc stock, rivn stock, and evrg stock Should You Invest if Kamala Harris Wins?
cgc stock, rivn stock, and evrg stock Poised for Growth
The financial markets are closely watching the U.S. election, as the outcome will have significant implications for investing strategies. Both candidates, Donald Trump and Kamala Harris, have laid out policies expected to influence stock performance. With recent projections indicating a tight race, savvy investors should consider these stocks if Harris clinches the presidency.
Evergy (NASDAQ: EVRG)
Evergy focuses on expanding carbon-free energy sources and stands to gain under a Harris-led administration, which prioritizes clean energy initiatives. The utility company plans to retire coal operations and transition towards sustainability. Moreover, the company boasts an attractive dividend yield of 4.4%, making EVRG a compelling choice for income-focused investors. Currently trading at $58, EVRG is witnessing a nearly 10% gain in 2024.
Rivian Automotive (NASDAQ: RIVN)
Rivian is expected to perform well under a Harris administration as Harris supports green technology and EV adoption through subsidies. As a leading pure-play EV manufacturer, Rivian is perfectly positioned for growth. With new vehicle launches on the horizon and strategic partnerships, including with Volkswagen, Rivian is anticipated to grow substantially. As of the latest close, RIVN trades around $14 but has faced a decline of over 30% this year.
Canopy Growth Corporation (NYSE: CGC)
If Harris wins, Canopy Growth could thrive in a changing cannabis industry. Indications of her support for decriminalizing marijuana could lead to favorable regulations. Canopy’s strong presence in both recreational and medical markets, strategic partnerships, and diverse product portfolio position it well. Currently trading at $7, CGC is up over 17% YTD.
Impact on Key Sectors
If Harris wins the U.S. election, her agenda could significantly impact sectors like renewable energy, EV, and cannabis. Consider adding cgc stock, rivn stock, and evrg stock to your portfolio to tap into these promising opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.