Investors and Wall Street analysts may want to take a closer look at stocks that could be winners under a Kamala Harris presidency after Tuesday night's debate. The debate between the current vice president and former President Donald Trump was widely seen as a Democratic victory, and betting markets have increased the odds that Harris will win in November. National polls had predicted a close race heading into the debate, but some believe Harris could be boosted by her own performance. “We expect a short-term backlash against VP Harris after the first debate with former President Trump, but the long-term impact remains unclear,” Raymond James Washington analyst Ed Mills said in a client note late Tuesday night. The stock market will likely wait until the vote count in November to react. “From a market perspective, we believe the presidential race should still be viewed as a toss-up, but sentiment is likely to tilt toward Harris following her clear victory in the debate,” BTIG analyst Isaac Boltanski said in a client note. Daniel Clifton of Strategas has put together a Democratic “sweeping” portfolio. The portfolio includes stocks typically associated with the political left, such as green energy stocks, but also stocks that could benefit from Harris' recent proposals. These include PulteGroup, a homebuilder that could benefit from Harris' proposed strengthening of the supply and demand side of housing, and Walmart, whose sales could increase if the child tax credit is expanded. Also on the list is Raytheon Technologies, a defense company that Strategas has linked to the Ukraine war. Harris has indicated that she will continue to support Ukraine's war effort against Russia, but Trump is skeptical. Wolf Research has also put together a similar list of stocks for its anti-Trump trade basket, which also includes healthcare stocks such as Centene and HCA. These companies could benefit from the government maintaining the status quo on healthcare policy. Of course, depending on the outcome of the congressional elections, it may be difficult for the Democratic Party to pass new policies even if Harris wins in November. UBS has put together a list of stocks that are expected to perform well in a world where Harris is president but Congress is split between Republicans and Democrats. They include Tesla, manufacturing company Eaton Corp and fast-growing renewable energy business Waste Management Corp. — CNBC's Michael Bloom contributed to this report.
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