The Global View: 3 US stocks with potential gains beyond the election | 06.11.24

John Blank from Zacks Investment Research shares insights on US political strategies and economic forecasts. He highlights the contrasting strategies of the Republican and Democratic parties, noting the potential for record voter turnout driven by women's response to abortion issues. John suggests a Democratic swing victory could be on the cards.
Regarding the market, John states that it's poised for stability, regardless of election results. He mentions a probable 25 basis points rate cut by the Federal Reserve in upcoming meetings. The focus, he says, is on a resilient US economy with strong GDP growth and no signs of a recession.
John also talks about investment opportunities, highlighting DBS Group with a promising PE and dividend yield, Moody's with overvaluation concerns, and Amphenol in the tech sector. A patient approach is advised amid the political theatre, with potential gains beyond the election.
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