The ongoing US elections are pivotal in determining the future regimen of the financial domain. The US stock markets are also bracing for the change, anticipating several noteworthy developments to take shape once the election results are out for the world to witness.
However, with half the world supporting Trump and his endeavors, investors should consider three critical stock picks if Trump wins the US elections.
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3 US Stocks to Buy If Trump Wins The US Elections
1. Tesla (TSLA)
Tesla is a leading sustainable automobile company led by Elon Musk, a leading tech expert and an “emerging” political sensation. Musk has lately been promoting Donald Trump on all fronts, with Trump offering him a cabinet role if he ever becomes a US president. Musk has also agreed with Trump, adding that he may consider the role if it could usher in greatness for America.
TSLA stocks could pump tremendously if Trump wins the current US elections. Per TipRanks, the TSLA immediate price target is $207, with a high of $310, which it can achieve in the next 12 months.
“The average price target for Tesla is $207.83. This is based on 35 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $310.00; the lowest forecast is $24.86. The average price target represents -16.53% Decrease from the current price of $248.98.”
2. Microstrategy (MSTR)
Microstrategy is another crypto company that is banking heavily on Bitcoin. Run by Michael Saylor, the firm has bought nearly 252,220 bitcoins, expressing their unrelenting stance on Bitcoin supremacy. Saylor’s perspective on BTC mirrors Trump’s when promoting Bitcoin globally. If Trump wins, he will prioritize crypto-centric developments that could help BTC soar and assist Microstrategy in reaping additional benefits.
Per TipRanks, MSTR’s immediate price target is $270, with a high of $312, which the firm can achieve in the next 12 months.
“The average price target for Microstrategy Inc. is $270.00. This is based on 8 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $312.00; the lowest forecast is $173.00. The average price target represents 17.54% increase from the current price of $229.71.”
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3. JP Morgan & Chase (JPM)
JP Morgan and Chase stocks may surge if Trump wins the US elections. Per Reuters, a Republican win may lift Wall Street bans such as JP Morgan Chase based on “improved domestic investments and looser regulations.”
According to TipRanks, JPM’s immediate price target is $234, with a high of $257, which the firm plans to achieve in the next 12 months.
“The average price target for JPMorgan Chase & Co. is $234.00. This is based on 19 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $257.00, and the lowest forecast is $200.00. The average price target represents a 4.96% increase from the current price of $222.94.”
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