Three Stocks to Buy if Biden Wins the Election
Just when you thought you knew what to expect in a “Convention” to nominate a party’s presidential candidate, along comes Alexandria Ocasio-Cortez (aka AOC) and says what almost no one expected her to say at the virtual 2020 Democratic National Convention.
In her 90-second speech Tuesday evening, she didn’t mention the Convention. She didn’t mention Joe Biden.
After endorsing what sounded more like the platform Bernie Sanders would champion, she seconded the nomination of, Bernie Sanders.
You read that right. Bernie Sanders, not Joe Biden.
And while I did promise you Monday to talk about the three stocks that you should buy if Biden wins the election, we have to dig a little deeper first into AOC’s speech, why she seemingly upstaged Joe Biden with Bernie Sanders’ rhetoric, and what it means for those three stocks.
Bernie or Biden? The DNC Doesn’t Care
Of course, AOC didn’t make a mistake seconding the nomination of Bernard Sanders for President. Sanders was nominated by labor activist and lawyer Bob King, the speaker up right before AOC.
The DNC knew she was going to second Sanders’ nomination, because the DNC had copies of King’s and AOC’s speeches.
The youngest-ever Congresswoman, who turned 30 last October, closed her short speech by saying, “In a time when millions of people in the United States are looking for deep systemic solutions to our crises of mass evictions, unemployment, and lack of health care, and espíritu del pueblo and out of a love for all people, I hereby second the nomination of senator Bernard Sanders of Vermont for president of the United States of America.”
AOC has endorsed Biden in the past, but this was not the time or place for that.
Her speech wasn’t just about her support for Sanders’s platform, it was a message to would-be voters that although Biden’s platform is more “moderate,” if Biden is elected and Congress is controlled by the Democrats, the Democrat Party will make a hard left turn towards Bernie and AOC’s platform.
Looking at their platform in totality would direct us to more than a few dozen stocks that would soar if they run the country.
The Green New Deal and How to Turn that “Green” Into Gold
But today, I’m singling out a sliver of one of their biggest platform slices, a Green New Deal, to suggest what to buy if there’s a turn in the road ahead.
The Green New Deal is a big deal. It’s a frontal assault on traditional energy and power resources. It’s all about clean energy, and transitioning the country and the world over to “green” power sources.
One company that fits almost perfectly into everything the Green New Deal is about is Brookfield Renewable Partners LP (NYSE:BEP). Brookfield owns and operates a portfolio of wind, solar, hydroelectric, and other green energy properties.
Biden isn’t as focused on environmental issues as AOC and Sanders are, but environmentalism and sustainability are a big part of his platform, which states, “From coastal towns to rural farms to urban centers, climate change poses an existential threat – not just to our environment, but to our health, our communities, our national security, and our economic well-being. … Biden believes the Green New Deal is a crucial framework for meeting the climate challenges we face.”
Another clean and green trend Democrats are wholeheartedly behind is, of course, clean-powered vehicles.
And while Tesla’s already proven its worth as a company and as a grand slam investment, Nikola Corp. (NasdaqGS:NKLA), the green truck manufacturer looks like it’s running right behind Tesla in terms of green interest, investor interest, and would likely be endorsed by Green Deal advocates.
Nikola, besides being the hydrogen-powered truck manufacturer’s name, is electrical engineer Tesla’s first name. Elon Musk took Nikola Tesla’s last name as his company’s name.
The third stock likely to go a lot higher is Canopy Growth Corp. (NYSE:CGC).
Sanders has advocated for legalization of marijuana for as long as I can remember, and AOC’s right there with him. Biden won’t be able to resist a nod to it, and Canopy Growth is a leader in recreational and medical marijuana products in the United States, Canada, Germany, and the United Kingdom.
All three stocks are trading at levels well below their 52-week highs, which means they’re not overvalued and have plenty of room to head higher, probably a lot higher if Bernie and AOC have Joe Biden’s and the Democrats’ ears, and we now know they do.
What to Do Next
That’s our not-so-distant future if the election shakes out the way the Dems want it, with a Biden win, with AOC and Bernie chattering in his ear and pulling him around like a puppet. But that does not matter when it comes to your money.
It’s my job as Chief Investment Strategist to show you how to make money, no matter what’s happening in the news, in politics, or around the world. Today, I laid out a plan for what to buy if Biden wins, but I have a laundry list of stocks that aren’t tied to politics at all, that I believe are set to skyrocket no matter who takes the White House next, and my first act as Chief Investment Strategist is to get you those picks, and fast.
That’s why I’ve organized a one-of-a-kind, lightening-round, stock-picking extravaganza, where I speed through all the hottest companies, and reveal which ones are the real deal, and which will sink your profit potential. I’ve added my favorite companies, my favorite companies to hate, and even sorted through your suggestions to give you all the juicy details – and torrid secrets – of your hot-stock darlings.