- Since covering the US Presidential race in August, market uncertainty persists, particularly around geopolitical concerns.
- The race between Kamala Harris and Donald Trump remains extremely tight, and polls can be unreliable, as they are vulnerable to fluctuating sentiment.
- SA Quant has identified seven stocks that might benefit from either administration, based on their previous governing records, proposed agendas, and personal affiliations.
- The stocks are all rated SA Quant ‘Buy’ or ‘Strong Buy’ with positive factor grades, demonstrating strong fundamentals, industry positioning, and growth potential.
- I am Steven Cress, Head of Quantitative Strategies at Seeking Alpha. I manage the quant ratings and factor grades on stocks and ETFs in Seeking Alpha Premium. I also lead Alpha Picks, which selects the two most attractive stocks to buy each month, and also determines when to sell them.
Mixed Sentiment in October
The US Presidential Election is less than a month away, and a number of market themes have evolved since we last covered the election in August, when Vice President Kamala Harris became the Democratic nominee for president.
Concerns over weakening job growth that led to heightened volatility in the markets in early August have abated, following a strong September jobs report, but that could have implications for those expecting another rate cut in November. Inflation has further cooled in the interim period, though the September CPI report declined less than expected. Geopolitical tensions have only increased, with Iran’s missile attack on Israel leading to elevated energy prices, which until the week of September 30th had lagged all other sectors in returns YTD, but now lead sectors on a trailing one-month basis.
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