As Trump's Chances Of Presidency Improve, Analysts Say His Return To White House Could Boost These 3 Sectors

In the event of a victory by former U.S. President Donald Trump in the upcoming election, three market sectors could experience a surge, according to a research note from Dubai-based financial advisory deVere.

What Happened: The report highlighted that energy, manufacturing, and bank stocks could benefit from a potential Trump win, Barron’s reported on Tuesday. This follows an attempted assassination of the former president on Saturday, which has led to an increased likelihood of his victory, as indicated by the political futures market PredictIt.

Nigel Green of deVere suggests that the Republican party’s anti-ESG stance could strengthen the energy sector, while the “America First” policies could boost manufacturing. Bank stocks are also expected to surge as the Trump administration is likely to reduce regulations.

“Trump’s potential return to the White House brings expectations of a hawkish trade policy, less regulation, looser climate change regulations, and the extension of corporate and personal tax cuts,” Green stated.

See Also: Trump’s Niece Accuses Him Of Lying About Involvement In Controversial Project 2025: ‘My Uncle Likes To Call America a ‘Stupid Country.’ But We’re Not Nearly As Stupid As He Hopes We Are …’

Previously, Wall Street investment bank Citi C identified U.S. banks as potential beneficiaries of a second Trump presidency. Blue-chip stocks such as Goldman Sachs GS, Bank of America BAC, and Morgan Stanley MS are set to report second-quarter earnings this week.

Why It Matters: The attempted assassination of Trump has led to an increase in his visibility and a rise in optimism around his chances of winning the election. This has resulted in a rally of Trump-related stocks, including the U.S. Dollar, Bitcoin BTC/USD, and Truth Social parent Trump Media & Technology DJT.

Similarly, shares of DatChat, Inc. DATS, known for its focus on privacy and end-to-end encryption services, have skyrocketed, as they have historically rallied alongside Trump-associated stocks.

Furthermore, the Bitcoin market has maintained its strong momentum following Trump's failed assassination attempt, with Bitcoin shooting past $64,000 for the first time in three weeks.

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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari