5 Stocks to Buy if Harris Wins the Election—and 5 to Sell

The U.S. presidential election is just around the corner, and investors are wondering how a potential Kamala Harris victory could impact their portfolios. While the overall market may experience a relief rally regardless of the winner, certain stocks are poised to benefit or suffer under a Harris administration. Here are five stocks to consider buying if Harris wins, along with five to potentially sell.

**Stocks to Buy if Harris Wins**

1. **First Solar (FSLR)** - As vice president, Harris supported the Inflation Reduction Act, which provides tax credits for renewable energy projects. This could boost demand for solar panels, benefiting companies like First Solar. FSLR has dropped 16% this month due to industry volatility and election uncertainty, making it an attractive buy opportunity.
2. **Rivian (RIVN)** - Harris' support for electric vehicle (EV) manufacturers could help Rivian compete with Tesla. With government subsidies and tax credits, Rivian's chances of success improve, making it a potential buy. However, if Harris loses, uncertainty and potential changes in EV policies could negatively impact RIVN's valuation.
3. **Avangrid (AGR)** - Iberdrola, a Spanish energy giant investing heavily in U.S. and UK offshore wind, owns Avangrid. Harris' victory could drive demand for offshore wind projects, benefiting AGR. The stock is available at a modest price-to-earnings ratio, making it an attractive investment.
4. **Honeywell (HON)** - Harris is likely to continue and strengthen U.S. military support for Ukraine against Russia's invasion. This could drive demand for defense contractors like Honeywell, making HON a stock to consider buying.
5. **Target (TGT)** - Harris' proposed tariff reductions and trade agreements may lower costs for major importers like Target, boosting its profit margins and share price. However, the long-term impact depends on the specifics of her trade policies and their implementation.

**Stocks to Sell if Harris Wins**

1. **JPMorgan Chase (JPM)** - Financials are at the heart of the so-called "Trump trade," and a Harris victory might prompt a sell-off. Investors may pile into JPM if Trump wins, but a Harris win could lead to a sell-off.
2. **Goldman Sachs (GS)** - Similar to JPMorgan Chase, Goldman Sachs could face a sell-off if Harris wins the election.
3. **Schlumberger (SLB)** - Harris' climate and energy policies favor renewable energy, which could negatively impact oil drillers like Schlumberger. SLB might be a stock to stay away from if Harris takes the White House.
4. **Consol Energy (CEIX)** - As with Schlumberger, Harris' policies could be detrimental to coal companies like Consol Energy. CEIX could suffer under a Harris administration.
5. **Uber (UBER)** - Harris' administration may be kinder to Big Tech, but companies centered around the gig economy could be at risk. Investors may try to rush out of Uber if Harris is promoted by the American people.

In conclusion, a Harris victory could have significant implications for certain stocks. Investors should consider buying stocks in renewable energy, electric vehicles, and defense contractors, while potentially selling financials, oil drillers, coal companies, and gig economy stocks. By staying informed and adaptable, investors can position their portfolios to capitalize on the potential benefits and mitigate the risks associated with a Harris presidency.