probably, healthcare stocks and solar stocks because Biden said he would rejoin the Paris climate agreement (new area for growing the economy. just leave the oil and coal sectors alone, let market forces determine their fate. Trump's "charisma" would back fire on him. https://www.marketwatch.com/story/b...-day-one-if-he-wins-11604549000?mod=home-page "Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year" https://www.eesi.org/papers/view/fa...-closer-look-at-tax-breaks-and-societal-costs
[Delayed edit; got the numbers + direction right/uptrend/but to clarify/wrong way Nate Silver favors a Trump loss @88%; Trump/Pence win @12%]Go tech bulls +spxs bulls........
I added to my QST position which is kind of a green energy play which involves safe extraction of methane from energy sites. Canada has a new grant in this area ( $950 million ) and the legislation is growing in the US. Biden can't hurt in this regard, it's a bit of a gamble small firm that sold off huge in the Covid crash.
Loaded up calls on WEED, EV and SOLARS. I honestly, wasn't aware of the politics and that BIDEN victory meant they were sky rocket bought them based on technicals.
Sometimes the most obvious trades, turn out to be the worst. At least in the near term. 99% of the time. Just sayin'.... Be careful when trading the obvious. Always best to wait for a sharp spike down. But whadda I know lol.
Do you mind sharing your price target on CGC? Great call , I am in it too but no clue what's a good exit point.
Sold a bit premkt bc gap up dropped, going mostly cash into close in it and other pot stocks today if they drop much more.