Aurora Cannabis soared as much as 27% in pre-market trading on Thursday, as Joe Biden’s election lead put him within striking distance of the presidency. The boost in share price may also have been helped by four US states legalizing cannabis for adults above 21 on Tuesday. Other weed stocks […]
With former Vice President Joe Biden maintaining a healthy lead in the polls, the odds of a capital-gains tax hike are rising. While past rate increases gave way to stock-market declines, selling after a potential Biden hike “will be short-lived and reversed in subsequent quarters,” Goldman Sachs strategists said in […]
BNY Mellon told us how the firm is positioning client portfolios in anticipation of the election outcome. Large-cap companies are expected to benefit the most given that they are more tied to the global economy and could benefit from a weaker dollar. The bank said it is making asset allocation […]
Raymond James raised its estimates for a Democratic sweep to 55% up from 50%, while lowering estimates of a “status quo” Trump win and divided Congress to 30% from 35%. A team of analysts said cyclical stocks will perform well under a Biden-led blue-wave victory. They also named specific companies […]
Ray Dalio told Top100funds.com that a Joe Biden win will be a “negative initially” for markets but won’t be bad in the longer term. The founder of Bridgewater Associates explained: “It’s all a matter of money and spending.” Dalio said that markets will do well in the long term if […]