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Top 5 Stocks To Buy After Trump Win
The stock market is BOOMING after Donald Trump was elected as the 47th President of the United States.
My combined portfolio is up 4.5%, led by stocks like Tesla, which is up 14.8%. Both my dividend growth portfolio and the S&P 500 are up 2.2%.
Clearly, the market is reacting positively to a Trump presidency.
Here are 5 stocks which may benefit!
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Top 5 Stocks To Buy After Trump Win
Here are the five stocks to consider:
Tesla (TSLA): Surprisingly, Tesla stands to benefit significantly. As a major U.S. manufacturer with factories in Texas, Nevada, and California, Tesla could gain from proposed lower corporate tax rates for domestic manufacturers. Potential tariffs on imported vehicles might also advantage Tesla.
Visa (V): Up 4.2% today, Visa could benefit from the absence of regulatory hurdles, such as the DOJ lawsuit from the previous administration. This allows Visa to continue its growth trajectory unimpeded.
Snap-on Incorporated (SNA): An industrial company manufacturing tools in the U.S., Snap-on could gain from policies favoring domestic production. With a strong track record of earnings and dividend growth, it's a company I've been considering adding to my portfolio.
Energy Sector Stocks: While increased oil and gas production might lower energy prices, companies involved in natural gas and pipelines, like Enterprise Products Partners (EPD), could benefit from deregulation and increased infrastructure projects.
Texas Pacific Land Corporation (TPL): Owning vast land and natural resources in Texas, TPL benefits from royalties on oil and gas production without bearing extraction costs. Increased energy production could boost their revenues significantly.
While presidential policies can influence the world, it's vital to focus investing in strong businesses that are poised to grow regardless of political shifts.
Let's stay focused on intelligently investing for our futures.
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