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3 Stocks That Could Be Big Winners if Kamala Harris Wins but the GOP Controls Congress
Americans could be looking at a couple more years of a divided government. Vice President Kamala Harris has an average 2.8% lead over former President Donald Trump across 256 polls of the presidential race. Decision Desk HQ’s models show a 72% chance of Republicans regaining a majority in the Senate and a 53% chance of holding onto a majority in the House of Representatives.
Of course, polls don’t decide elections; voters do. It’s not too soon for investors to evaluate what they might do based on the November results, though. What if the polls turn out to be right? Here are three stocks that could be big winners if Harris wins but the GOP controls Congress.
1. Broadcom
Democrats and Republicans don’t agree with each other on many topics. However, the need for the U.S. to be the global leader in artificial intelligence (AI) is one area where they’re on the same page. Members of both major political parties are working together on the House Task Force on Artificial Intelligence to “explore how Congress can ensure America continues to lead the world in AI innovation while considering guardrails that may be appropriate to safeguard the nation against current and emerging threats.”
Broadcom (NASDAQ: AVGO) could benefit from bipartisan support of U.S. AI leadership. The California-based company is a top provider of semiconductors and networking infrastructure used in AI data centers. Seven of the eight-biggest AI clusters in the world rely on Broadcom’s Ethernet networking technology.
With Harris as president, Broadcom won’t be negatively impacted by the steep tariffs that Trump has proposed. On the other hand, with the GOP controlling Congress, Harris probably couldn’t get her proposed corporate tax increases passed. It’s a win-win proposition for Broadcom.
Regardless of who the next president is or which party has a majority in Congress, though, Broadcom’s long-term prospects look strong. As AI becomes more powerful, organizations will need to upgrade their servers, networks, and data-storage devices. This should drive demand for Broadcom’s products for years to come.
2. Brookfield Infrastructure
Many Democrats and Republicans believe in improving the nation’s infrastructure as well as agreeing on the importance of U.S. dominance in AI. Politicians of all stripes want the economy to be strong. History shows that the U.S. economy has performed better under Democratic presidents than Republican presidents since World War II. But the stock market has performed best when those Democratic presidents had at least one house of Congress controlled by the GOP.
A divided government with Harris as president could be an ideal scenario for Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC). The company operates pipelines, terminals, rail, and other infrastructure assets that benefit from a booming economy. It also owns data centers and semiconductor-manufacturing foundries, both of which are growth markets partly due to the AI tailwind.
Income investors will especially like Brookfield Infrastructure’s distributions. Its limited partnership units trading under the BIP ticker offer a forward-distribution yield of 4.5%. Its corporate shares trading under the BIPC ticker offer a forward-distribution yield of 3.8%. These distributions have increased by a compound annual growth rate of 9% since 2009.
What if the economy doesn’t fare well with Harris in the White House and Republicans controlling the House and/or Senate? Brookfield Infrastructure’s business is remarkably resilient with 90% of its funds from operations (FFO) contracted or regulated.
3. Microsoft
Harris and Republicans could also find common ground on cybersecurity. The vice president has been an advocate for protecting IT infrastructure against threats in the past. The GOP’s 2024 platform included language about cybersecurity. The views of both parties tie in with their AI priorities.
Few companies stand at the forefront of both AI and cybersecurity as much as Microsoft (NASDAQ: MSFT). The company is the second-largest cloud-service provider and offers extensive AI capabilities. It has integrated AI throughout its productivity-software applications. Microsoft also markets cybersecurity products and services.
I think Microsoft would keep up its winning ways with Democrats or Republicans in power. The opportunities with AI are so big that the company can be successful even if legislators put a few roadblocks in its path.
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Keith Speights has positions in Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, and Microsoft. The Motley Fool has positions in and recommends Microsoft. The Motley Fool recommends Broadcom and Brookfield Infrastructure Partners and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
3 Stocks That Could Be Big Winners if Kamala Harris Wins but the GOP Controls Congress was originally published by The Motley Fool
The habits of millionaires are a topic of interest when it comes to financial advice. After all, unless they received a large chunk of money as an inheritance or gift, most millionaires had to be smart with their money to get where they are.
Learning how millionaires accumulate wealth — and where they keep it — can provide valuable insights for anyone focused on growing their money. One common question is whether or not millionaires keep money in checking accounts.
Studies show that in recent years, millionaires are keeping a significant portion of their wealth in cash. According to CNBC’s , that portion was about 24% in 2023. While this doesn’t necessarily mean a quarter of a millionaire’s wealth is sitting in a checking account, it does indicate the importance of maintaining liquid assets. And a checking account can be a helpful tool for doing so — whether or not you’re a millionaire.
Anyone, regardless of net worth, can find value in a checking account. Checking accounts allow unlimited deposits and withdrawals, check writing, bill pay, and other features to help you manage your money day-to-day.
While millionaires may keep large portions of their wealth in other deposit accounts and investments, some may use a checking account to manage daily spending. Millionaires also recognize the importance of having liquid assets, like funds in checking and savings accounts. Accessible cash lets you cover unexpected expenses without needing to sell off investments, borrow money, or pay a penalty for tapping your retirement savings early.
The amount of money a millionaire keeps in their checking account is highly personal and depends on preference. However, because checking accounts rarely earn competitive — if any — interest, some millionaires intentionally limit their checking account balance. Some may choose to keep the bare minimum, such as a couple of months’ worth of essential expenses, in their checking accounts, keeping the rest of their wealth in more lucrative assets.
Regardless of preference, it would be surprising for a millionaire to keep more than $250,000 in a single checking account. That’s because the Federal Deposit Insurance Corp. (FDIC) only insures up to $250,000 in deposits per institution, per account holder.
While millionaires may use checking accounts for day-to-day financial transactions, they may also use some of the following accounts in addition to, or in place of, a checking account:
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Savings accounts: Like checking accounts, savings accounts provide a high degree of liquidity, allowing you to access your money as needed for regular or unexpected expenses. High-yield savings accounts, in particular, give millionaires an extra bang for their buck. Some of the best accounts currently offer rates upwards of 4% versus the national average savings account rate of 0.46%.
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Cash management accounts: Cash management accounts (CMAs) pay competitive interest rates while maintaining more accessibility than a savings account. Some CMAs come with a debit card and ATM access, and many provide extended FDIC coverage limits by “sweeping” additional deposits into partner banks. CMAs are available at brokerages, not banks, facilitating easy transfers between investment and cash accounts.
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Money market accounts: Similar to CMAs, money market accounts combine features of checking and savings accounts, often paying competitive interest rates and providing check writing and ATM access. Banks and credit unions offer these accounts, which are federally insured. Minimum opening deposit and minimum balance requirements are often higher than those for standard savings accounts.
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Retirement and tax-advantaged accounts: Millionaires understand the importance of investing for their later years, and retirement accounts such as 401(k)s and IRAs allow them to do so in a tax-advantaged way. Some retirement accounts, like 401(k)s, are offered by certain employers. Others, such as traditional and Roth IRAs, are available to anyone.
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Brokerage accounts: The IRS limits contributions to tax-advantaged accounts, and millionaires typically invest beyond these limits. They do so with taxable brokerage accounts, which can hold investments such as stocks, bonds, and mutual funds without contribution limits.
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Other investments, like real estate, commodities, and art: Some millionaires may decide to diversify their portfolio with other investment types. These could include real estate investments, such as investment properties or real estate investment trusts (REITs); commodities, such as metals or energy products; art; and more.
The amount of money millionaires keep in their checking accounts depends on personal preference. While some millionaires may keep six figures in their checking account to maintain a comfortable cash cushion, others may choose to keep the bare minimum in checking. You wouldn’t expect millionaires to keep more than $250,000 in a checking account, however, because balances over this threshold aren’t typically insured.
There’s no single bank that’s a favorite among millionaires; it’s another matter of preference. However, millionaires are likely to bank with institutions that offer private banking to those who meet specific financial requirements. Private banking may include wealth planning services, waived fees, dedicated bankers, and additional perks. J.P. Morgan Private Bank, Citi Private Bank, and Bank of America Private Bank are among some of the most popular banks for millionaires.
Billionaires may have checking accounts, but they likely use accounts that cater to ultra-high-net-worth individuals. These accounts may come with perks such as a dedicated banker, waived fees, and competitive interest rates. Alternatively, billionaires may opt for a cash management account with higher FDIC insurance coverage limits and checking account features.
No rule says you can’t have a million dollars in a checking account, but FDIC insurance typically only covers up to $250,000. Plus, you can get a bigger return on your investment by keeping $1 million elsewhere. One alternative is a cash management account, which acts like a checking account but generally earns higher interest. Plus, many cash management accounts insure more than the standard $250,000 by sweeping funds into multiple partner banks.
Lumen Technologies, Inc. (NYSE:LUMN) shares are trading higher on Monday after the company announced it is partnering with Meta Platforms, Inc. (NASDAQ:META) to significantly increase Meta’s network capacity and help drive its AI ambitions.
Lumen’s partnership offers Meta enhanced flexibility with secure, on-demand bandwidth, supporting its complex computing requirements and enabling it to serve billions daily.
Ashley Haynes-Gaspar, Lumen’s EVP and chief revenue officer, said, “We’ve transformed our company to meet this demand. As Meta’s customers use more AI services across its platforms, we’re helping provide Meta with a seamless, effortless, and flexible network that will meet its growing needs.”
Lumen Technologies said its Private Connectivity Fabric enables long-term network capacity for Meta’s AI.
Alex-Handrah Aimé, director of Meta’s Network Investments stated, “Our AI tools are performing increasingly more complex tasks including enabling conversations in a variety of languages and translating text to images in real time, while helping people interact with the world around them in new, immersive ways.”
Lumen will report third quarter 2024 results on November 5, 2024.
Investors can gain exposure to the stock via Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) and First Trust Cloud Computing ETF (NASDAQ:SKYY).
Price Action: LUMN shares are up 9.50% at $7.38 at the last check Monday.
Image via Shutterstock
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This article Lumen And Meta Join Forces To Boost AI With Flexible, On-Demand Network Solutions originally appeared on Benzinga.com
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CoinShares said the United States and Bitcoin led crypto investment product dynamics last week amid growing optimism over a potential Republican election win in the US.
Bitcoin’s private keys won’t be breached any time soon, but the industry still needs to transition to “post-quantum cryptography.”
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