Whether Trump or Biden wins the US presidential election on November 3, it will have a huge impact on financial markets, and investors are now trying to identify potential winners and losers and make bets.

Market analysts believe that Biden's policy of raising corporate taxes will put pressure on corporate earnings, but Biden is expected to support infrastructure construction and renewable energy.

If Trump is re-elected, there will be further tax cuts and deregulation, which is expected to benefit the energy and financial industries.

In addition, since the majority of seats in the Senate may also change, and this election is likely to be won by the same party as the president and Congress, then the next legislative work will become easier. For example, the new round of fiscal stimulus package that recently got stuck in Congress because of political gridlock is expected to make new progress.

Here are the positive stocks for Biden or Trump:

Benefit from Biden's elected stock

• New energy sources
  

If Biden wins the White House, market expectations for the new energy sector will strengthen, which could be good for stocks in the industry.

Extending the tax credit will boost solar stocks such as Sunnova Energy International (NOVA), SunPower (SPWR) and Enphase Energy (ENPH), according to Credit Suisse.

• Battery cars

Although Tesla, Inc. 's share price has risen again and again during Trump's tenure, analysts believe that if Biden is elected, it could further boost the company's share price.

"Biden has proposed new tax breaks, government purchases and other measures that are particularly beneficial to electric car companies," CFRA analyst Garrett Nelson said in a report. "

Nelson believes that car suppliers such as Aptiv Plc (APTV), BWA and VC, which focus on electrification and green energy technologies, will also benefit.

• Infrastructure construction

Ryan Detrick, chief market strategist at LPL Financial, said that if Biden is elected, a huge infrastructure spending plan could become a priority for the Biden administration.

Citigroup analyst Andrew Kaplowitz believes that Biden's infrastructure plan will boost a number of engineering and construction companies, including AECOM Technology Corporation (ACM), Jacobs Engineering (J) and MasTec (MTZ).

• Tariff trade

The Biden administration may be able to ease Sino-US relations. David Joy, chief market strategist at Ameriprise Financial, said that both importers and exporters would benefit if trade policies focused less on the use of tariffs.

JPMorgan Chase & Co pointed out in a report that if the election of Biden leads to a thaw in Sino-US relations, then stocks such as Procter & Gamble Co (PG), Thermo Fisher Scientific Inc (TMO) and 3M Company (MMM) will outperform the market.

Benefit from Trump's elected stock

• Tax preference
  

If Biden loses, companies that benefit from Trump's tax cuts will get more tax breaks.

JPMorgan Chase & Co pointed out that stocks such as AT&T Inc (T), Target Corp (TGT) and US waste Management (WM) will benefit from Trump's election.

• Bank
  

If Mr Biden is elected, banks will face tighter regulation in addition to tax increases.

Analysts at Keefe, Bruyette & Woods (KBW) believe that when Trump wins and Republicans retain a majority in the Senate, it is best for the banking industry, because the Republican goal of deregulation has not changed. KBW suggests holding shares in Wells Fargo & Co (WFC) and Citigroup Inc (C) in this case.

• National defense

Analysts at BCA Research pointed out that while Democrats control the House of Representatives, Trump is likely to succeed in maintaining large-scale defense spending by wrestling with other countries, thereby benefiting defense-related stocks.

• Fossil fuel.

LPL's Detrick points out that supporting energy companies, especially fossil fuel companies, remains Trump's goal. With the exception of renewable energy companies, most companies in the industry will benefit from Trump's election.