2 Stocks To Buy No Matter Who Becomes President

Wall Street and other financial heavyweights have placed enormous bets on the 2024 election. Billionaire Paul Tudor Jones has said he will pull out of markets completely in the event of a Harris victory, while Elon Musk has said Warren Buffett's recent selling spree is for the same reason.

Generally, a Trump victory is considered good news for oil and gas stocks, as well as banking companies that would benefit from looser regulations and lower corporate tax rates. A Harris victory would juice clean energy stocks and healthcare companies.

But it's important to remember that there's often a big gap between what a candidate promises on the campaign trail, and what he or she actually accomplishes in office. For instance, President Trump didn't fully repeal Obamacare, while President Biden only canceled a fraction of the student debt he promised to.

But as it turns out, there's one sector that both Democratic and Republican Presidents boost in office. And both candidates have pledged to spare no expense to help it thrive in the years ahead.

Here are two stocks to buy before the last votes are counted in the 2024 election—and post-election reality kicks in.

Election Stock #1: Lockheed Martin (LMT)

In her convention speech, Kamala Harris pledged to make sure America's military remained "the most lethal fighting force in the world." And in Donald Trump's first term, military spending rose from $606 billion to $732 billion.

The fact that both parties are dedicated to heavy military spending makes the defense sector a good bet for investors. And it's great news for Lockheed Martin, a leading defense, security, and aerospace contractor.

LMT shares rose under both the Trump and Biden administrations, as both Presidents spent a record sum on defense. LMT was also able to raise its dividend each year under both Biden and Trump. Today it pays a 2.42% dividend, almost double that of the average company on the S&P 500.

At a time when many stocks are overvalued, LMT's price-to-earnings ratio of 19.1 is significantly below that stock market's average of 25. This suggests that LMT shares are a good value play today—and poised for outperformance in the years ahead.

Election Stock #2: UnitedHealth Corporation (UNH)

When Republican Speaker of the House Mike Johnson said his party would repeal Obamacare last week, he was quickly forced to walk back his remarks amid backlash.

Likewise, President Trump did not repeal Obamacare (save for a few provisions of the law) during his first term. It's highly unlikely Republicans will repeal the health care law even if they sweep the White House, Senate, and House of Representatives.

This means that health insurance giants like UnitedHealth can continue to thrive. The health insurer, which is expected by many to become the first trillion-dollar health insurer, has benefited from hundreds of billions of dollars in subsidies that Obamacare provides for patients—money that inevitably ends up in UnitedHealth's coffers.

UNH raised its dividend by 13.6% last year—part of a 14-year string of annual dividend hikes which have totaled 4,200% in dividend growth since 2010, when Obamacare first became law. With revenue growth of 9.2% last quarter, there's no reason to think that this growth can't continue.

UnitedHealth shares are also cheap from a value perspective. The company's forward price-to-earnings ratio is just 19, indicating shares are undervalued relative to the overall stock market. As with Lockheed Martin, this discount relative to the company fundamentals suggests outperformance for shares in the years ahead.

Nothing is more frustrating than inconsistent trades… or losing more than you win. That’s why thousands of people love the trade alerts from an options veteran who wins 8 out of 10 of his trades. If you’re serious about making a predictable and consistent income with options, Click Here and Get Access to These Trades Now

Image via Shutterstock