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Election day is rapidly approaching, and with less than four weeks left before Americans head to the polls, it’s time to have a look at what a potential win for either President Barack Obama or Governor Mitt Romney could mean for the stock market.
Analysts at Credit Suisse (NYSE:CS) wrote in a note Thursday that the industries with the most to gain – or lose – from the November election results are banking, education, and clean energy. The analysts expect a Romney victory would help banks and education stocks, while clean energy stocks would benefit from four more years with Obama at the helm.
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The Credit Suisse group, led by analyst Mark Flannery, believes that the “more balanced approach” to bank supervision and reform that Romney promises would “be a positive for bank stocks.” Similarly, they say education stocks – which have dipped as a result of Obama’s overhaul in federal student financial aid and could fall even further if the incumbent were to win reelection – would be boosted by a Romney presidency.
The analysts suggested that Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Apollo Group Inc. (NASDAQ:APOL), Bridgepoint Education (NYSE:BPI), and DeVry Inc. (NYSE:DV) were some of the notable banking and education industry leaders that stand to gain with Romney.
Clean energy companies like Codexis (NASDAQ:CDXS), Cree Inc. (NASDAQ:CREE), Echelon Corp. (NASDAQ:ELON), and First Solar (NASDAQ:FSLR), on the other hand, will be dealt a serious blow if Obama cannot lock up four more years.
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