BMO Capital Markets names stocks to play in either presidential election outcome

BMO Capital Markets dropped its 2024 election guide last week. The firm found stocks in different sectors that stand to gain or lose depending on which party wins the White House. BMO looked mainly at potential impacts tied to tariffs, regulation, immigration, taxation and socially conscious business frameworks. “We are not taking a view on the election outcome but rather sharing our views from a policy perspective,” the firm said. CNBC Pro compiled some names BMO sees as winning in both scenarios: Kamala Harris victory Brookfield Renewable is one name that could be a winner if Harris prevails. That’s because it’s seen as a beneficiary of support for renewable energy. Shares have underperformed the broader market this year with a gain of 8%. Despite that, Wall Street is bullish on the stock: the majority of analysts polled by LSEG have a buy rating, with a price target implying shares can rise more than 6%. Dollar Tree is one name that could see a “relief rally” if Democrats win the White House. Shares have dropped more than 50% this year, but Wall Street expects a rebound ahead. The average price target of analysts polled by LSEG implies shares can bounce more than 25%. Still, the typical analyst has a hold rating. Donald Trump victory If Trump wins a second term, Dow could get a boost along with other U.S. commodity producers. The blue-chip stock has slipped more than 5% in 2024, making it one of the worst performers in the Dow Jones Industrial Average this year. Analysts see an upside of more than 10% on the horizon, according to LSEG. But the typical one has a hold rating. Adtalem Global is another name that can benefit under Trump as relaxed regulations should help for-profit education. The health-care education stock has jumped more than 22% this year. All three of analysts who rate the stocks view it as a buy. The average price target implies the stock can advance more than 20% over the next year.