A Trump victory could give these smaller stocks a significant boost

Investing in small-cap and midcap stocks can be a lucrative strategy, especially with the upcoming election. With just under 100 days until Election Day, the outcome could have a significant impact on the stock market. For investors looking to capitalize on a potential Trump victory, Jefferies has identified several “smidcap” stocks that could benefit from less regulation under his administration.

One such company is Live Nation, which could see a boost if Trump wins. With a buy rating and a $112 price target from Jefferies, there is potential for more than 18% upside from Tuesday’s close. Despite facing pressure from a lawsuit by the U.S. Department of Justice, Live Nation has rebounded and is up more than 6% over the past three months.

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Another stock to consider is Ovintiv, an oil and natural gas company that Jefferies believes could benefit from a second Trump term. With a price target of $68, implying nearly 48% upside, Ovintiv is one of the few midcap producers left following industry consolidation.

SoFi Technologies is also on Jefferies’ list of stocks poised for a lift from a Trump victory. With a price target of $12 and potential upside of more than 61% from Tuesday’s close, SoFi Technologies is seen as a promising investment opportunity. Despite being down 25% in 2024, Jefferies sees even more upside for the stock in the future.

At Extreme Investor Network, we believe in providing our readers with valuable insights and expert analysis to help them make informed investment decisions. By staying ahead of market trends and understanding the potential impact of political events, investors can position themselves for success in the stock market. Stay tuned for more updates and recommendations from our team of experts at Extreme Investor Network.

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