Reported 21 days ago
With the impending US presidential election, strategists are evaluating the potential economic effects of either Donald Trump or Kamala Harris winning. A significant concern arises from Trump's plan to appoint Elon Musk to lead a government efficiency initiative, which includes Musk’s proposal to cut $2 trillion from the federal budget. This plan could greatly impact various stocks, particularly in sectors that rely on government spending, such as aerospace, defense, and healthcare. Companies like Boeing, Moderna, and Honeywell are highlighted as potentially affected, alongside opportunities for certain defense contractors if military spending increases.
Source: YAHOO