After Biden announced his withdrawal and Kamala Harris became the Democratic presidential candidate, the situation of the election seems to be changing quietly.

Harris' campaign team announced last Sunday that within a week of her becoming the Democratic Party's presidential candidate, they had raised $200 million and recruited 1.7 million new volunteers. Previously, she raised $81 million on the first day of Biden's withdrawal, and her campaign team said it was the largest amount of fundraising for all candidates in 24 hours in history.

According to the latest probability of the US stock election, Trump's winning probability has dropped to 54.7%, while Harris' winning probability has risen to 39.1%. And most of the polls in the past week have shown that Harris and Trump are currently evenly matched, laying the foundation for the November election.

Which industries are likely to benefit from 'Harris Trading' vs. 'Trump Trading'?

On July 24, Biden suddenly announced his withdrawal from the 2024 election, and Harris became the Democratic Party's 'trump card'. Although she has not yet officially announced her candidacy, Wall Street tycoons have begun to actively prepare for the possible 'Harris Trading'.

Citigroup analyst Scott T Chronert released a report on Friday stating that if Harris wins, she may continue the route of the Biden administration's policies, but will also incorporate some of her personal advocated views in the past few years, including increasing government expenditures, raising corporate taxes, expanding clean energy investment, and tightening AI regulation. Of course, control of Congress is crucial for implementing these policy positions.

The following areas are expected to benefit from 'Harris Trading':

• Consumer industry

During her campaign, Harris proposed to provide a $500 monthly tax credit for those earning less than $100,000 a year, to replace Trump's 2017 tax policy. This legislative proposal is known as the "Middle Class Prosperity Act".

At the same time, she plans to increase the estate tax to fund a $300 billion teacher pay raise program, known as the "largest federal investment" in teacher salaries in US history, which differs from Biden's proposal to raise corporate tax rates.

Analysis shows that if the middle class benefits, the consumer sector and small-cap consumer ETFs may benefit.

• Large multinational corporations

Harris has criticized Trump's trade policies and emphasized the need to strengthen US exports.

If Harris is elected, large multinational companies and large stock ETFs may benefit, as large multinational companies often have a wider global coverage and focus on exports.

• Support for clean energy

Harris has always supported Biden's climate policy, including the 'Inflation Reduction Act.' She advocates allocating $20 billion to the Environmental Protection Agency's greenhouse gas reduction fund to support the development of clean energy.

Analysts believe that Harris' stance on clean energy may be more radical than Biden's. This means that photovoltaic stocks such as '等光伏股' and new energy vehicle stocks such as '等新能源车股' may benefit from 'Harris Trading'.$First Solar (FSLR.US)$,$Maxeon Solar Technologies (MAXN.US)$,$Daqo New Energy (DQ.US)$,$Canadian Solar (CSIQ.US)$Waiting for photovoltaic stocks and others$Tesla (TSLA.US)$,$Rivian Automotive (RIVN.US)$etc. energy stocks may benefit from the Harris trade.

• Open-minded attitude towards cannabis

Harris has called for a change in cannabis policy, criticizing restrictions as 'absurd' and urging the Drug Enforcement Administration (DEA) to modify the current cannabis classification and emphasizing the need for quick action and sustained efforts to reclassify it. If Harris becomes the presidential candidate,$Tilray Brands (TLRY.US)$,$Canopy Growth (CGC.US)$,$Cronos Group (CRON.US)$,$SNDL Inc (SNDL.US)$US cannabis stocks will benefit.

In addition, although Harris had no clear position on cryptos before, according to the latest news, Harris is reaching out to the American cryptos industry to ease tensions between the Democratic Party and the crypto industry.

According to comprehensive reports, Harris's team has recently contacted some people related to major crypto companies, including those from the largest crypto exchange in the USA,$Coinbase (COIN.US)$stablecoin company Circle, and blockchain payment company Ripple Labs.

The Harris team hopes to have more constructive dialogue with the cryptos industry and establish a regulatory framework that is conducive to the development of cryptos. This is also an important step for her to seek support from the cryptos industry and weaken Trump's strong momentum in this industry.

Mooers,

Which do you think is more bullish: "Harris Trade" or "Trump Trade"?

Which do you think is more bullish: "Harris Trade" or "Trump Trade"?

Editor/Somer