A Democrat sweep of the White House and Congress on Tuesday would be good news for marijuana growers, casinos, fast-food chain operators, and online retailers.
Energy drink makers, on the other hand, fare well no matter who wins the election, according to an analysis of election outcomes by Stifel analysts.
(ticker: MNST) is a winner in a so-called blue wave because expected infrastructure spending that improves roads will encourage driving, and driving boosts convenience store sales, according to Stifel’s Mark Astrachan. Infrastructure spending is also likely if Republicans maintain their hold on the White House and the Senate.
Monster Energy racked up $1.2 billion in convenience store sales last year, according to Statista. The category makes up half of Monster’s sales, Astrachan notes, and that doesn’t change with the whims of voters.
We expect antitrust scrutiny on big tech will persist under all scenarios as both candidates have been critical of the power and market positioning of big technology companies” with different motivations.
A blue wave—the term that describes an across-the-board win for Democrats—would likely lead to the greatest amount of stimulus money in the new year, about $2.5 trillion to $3 trillion, said Brian Gardner, Stifel’s Washington policy strategist, in a note Friday.
A Democratic sweep would also boost the likelihood for infrastructure spending, higher taxes, a higher minimum wage, and legislation on clean energy and immigration.
A win for Democrat Joe Biden with a split Senate and House would likely mean gridlock, which means less stimulus and a reduced chance of a large-scale infrastructure bill, Gardner said.
If things stay as they are now—Republican Donald Trump winning a second term with a split Congress—tax increases are out of the picture, trade tensions could rise, and antitrust scrutiny would bear down…