Xinhuanet 11th July (Editor: Zhao Hao) - On Tuesday, November 5th, Eastern US time, the 60th US presidential election will be held, with current Vice President Harris facing former President Trump in a formal showdown.

Wall Street strategists have prepared for the economic impact that the two presidential candidates may bring, from taxes to tariffs, and then to immigration policies. Among these, experts have already planned for a scenario where Elon Musk enters the White House if Trump wins.

Republican presidential candidate Trump has stated that after winning, he will establish a Government Efficiency Commission led by Musk. Last week, Musk pledged to find a $2 trillion reduction target in the government budget, an amount equivalent to nearly one-third of the current US government's expenditures.

In response, the American investment bank Piper Sandler compiled a list of the 100 stocks most affected by this plan. Last week, the bank's Chief Investment Strategist, Michael Kantrowitz, took the top spot in the Institutional Investor magazine's strategist ranking.

Kantrowitz's team believes that with the increasing probability of Trump's victory, a basket of stocks most sensitive to government spending may perform poorly - highlighting concerns from the public about how the Trump administration will treat companies reliant on federal funds.

'Clients have asked about Elon Musk's impact, which stocks will face significant risks of cuts,' Kantrowitz said. The list provided by Piper Sandler is meant to highlight those stocks sensitive to government budget plans.

His team wrote in the report that after Musk enters the White House,$Boeing (BA.US)$,$General Dynamics (GD.US)$Equally weighted stocks may experience volatility, including those on the list.$Moderna (MRNA.US)$,$FedEx (FDX.US)$,$CVS Health (CVS.US)$,$Honeywell (HON.US)$Wait for the industry giants.

Overall, Piper's industry scope for the company ranges from aerospace equipment to defense manufacturing, biopharmaceuticals to healthcare plan providers. Some institutions also believe that Musk's $2 trillion cost-cutting target may target programs such as healthcare, medical supplements, social security, and veteran benefits.

However, Kantrowitz emphasizes that not all companies within it have negative risks. 'If the Republican Party wins in increasing defense spending, some aerospace & defense sector stocks may get a boost. Therefore, the situation may also lean towards the positive side.'

Yesterday, a Citigroup strategist wrote in a report to clients that the stock market performance in this election cycle is different from the past, with stock index trading prices nearing historical highs. $CBOE Volatility S&P 500 Index (.VIX.US)$ At a relatively low level, a typical derisking has not occurred.

If Trump wins, analysts on Wall Street believe$NVIDIA (NVDA.US)$,$Broadcom (AVGO.US)$,$Qualcomm (QCOM.US)$well-known companies may benefit from it, and oil, natural gas, and traditional energy companies are also seen as potential beneficiaries, $Baker Hughes (BKR.US)$N/A.$Exxon Mobil (XOM.US)$And.$ConocoPhillips (COP.US)$Also worth paying attention to.

Correspondingly, if Harris wins the election, $Tesla (TSLA.US)$and$Rivian Automotive (RIVN.US)$Please use your Futubull account to access the feature.$Lucid Group (LCID.US)$ Electric car manufacturers and home builders may receive encouragement, with the potential for the housing market to be boosted by Harris' stimulus plan.$D.R. Horton (DHI.US)$.,$Lennar Corp (LEN.US)$,$KB Home (KBH.US)$It will become the focus of attention.

Goldman Sachs' two investment portfolios tracking the victories of the Democratic and Republican parties show that a basket of assets related to Trump's victory has steadily risen since the end of September, but recently experienced a decline; assets related to Harris's victory are rebounding.

Editor / jayden