On November 3rd, the United States will have a high-profile general election.

November 3 is the official polling day, lasting for one day, according to time zone differences.Polling stations in various states will be closed from 6: 00 p.m. to 1: 00 a.m. eastern time (7: 00 a.m. to 2: 00 p.m. Beijing time, November 4).. The states count their votes while voting.Normally, the results are usually available on the night of election day.

For global financial markets, this political wrangling will have a huge impact.

The Democratic Party and the Republican Party represented by Biden and Trump have essential differences in governing ideas, and the policy propositions of the two men are also very different. Therefore, different election results are bound to have different effects on different industries.

At present, there is a growing atmosphere among investors that the Democratic Party will win a resounding victory, and the Biden victory concept sector has taken the lead in the rally.

However, it is not easy to come to a conclusion until the end when the future of the United States is in the hands of anyone.

This article summarizes the concept stocks related to Trump and Biden policy, which can be used as a reference for cattle friends to prepare for investment.

If Biden is elected, it will be positive: new energy stocks, infrastructure stocks, China trade concept stocks, marijuana stocks

New Energy stocks:Solar panel makers, electric car makers and other clean energy stocks have begun to rise, thanks to opinion poll data and Biden's expectation of winning the election. The reason is that Biden's policy supports the development of new energy, proposing to invest $2 trillion in clean energy projects over four years and end carbon emissions from power plants by 2035.

Infrastructure stocks:Biden was elected with stronger expectations of infrastructure stimulus. Real estate research firm Zelman & Associates said in September that a resounding Democratic victory would be "good for the housing market", in part because Fannie Mae and Freddie Mac were likely not to pull out of custody. If Republicans take power and push for the privatization of the two companies, mortgage costs will rise, she said. What Trump often talked about in his first term was "infrastructure", which repeatedly promised a strong infrastructure spending bill, but has so far failed to deliver on any promises.

China trade concept stock：Analysts say that if the DPJ takes office, its focus will be on infrastructure, which is expected to ease trade tensions between China and the US to some extent. The improvement in Sino-US trade relations will help US exports. According to public information, Biden's election may be good for foreign trade stocks with the United States, as well as some areas of science and technology (semiconductors, self-controllable).

Ameriprise Financial's chief market strategist says both importers and exporters will benefit if trade policies focus less on the use of tariffs. By contrast, if Trump is re-elected, it could lead to an increase in geopolitical risk.

Cannabis stocks:Under Biden, marijuana stocks may rebound. FiscalNote Markets's managing director said that no matter who is elected, the United States at the federal level to promote the legalization of marijuana will be the general trend, "but in my opinion, if Biden is elected, it will come sooner." "

If TrumpWin the electionIt will be good:Financial stocks, National Defense Unit, tax reduction concept Unit, fossil fuel, Pharmaceutical + artificial Intelligence Unit

Financial stocks：If Mr Biden is elected, banks will face tighter regulation in addition to tax increases. Unlike Biden, Trump has always insisted on financial deregulation. Analysts believe that when Trump wins and Republicans retain a majority in the Senate, it is best for the banking industry, because the Republican goal of deregulation has not changed.

Defence Unit:Trump is expected to maintain massive defense spending. Amer Price financial analysts believe that Trump's re-election will benefit the aerospace and defense industries, as Trump is likely to continue to invest heavily in the defense industry. Analysts at BCA Research pointed out that while Democrats control the House of Representatives, Trump is likely to succeed in maintaining large-scale defense spending by wrestling with other countries, thereby benefiting defense-related stocks.

Tax reduction concept stocks:If Biden loses, companies that benefit from Trump's tax cuts will get more tax breaks. Trump's first important policy after taking office was to lower tax rates. During Mr Trump's first term, both corporate and personal tax rates fell sharply. Recent comments from the Trump team during the campaign suggest that if Trump is re-elected, he will seek further cuts in corporate and personal tax rates.

Fossil fuels:Trump supports energy companies, especially fossil fuel companies. Mr Trump has long credited himself with the sharp increase in US shale oil production, lifting a series of regulations on the fossil fuel industry and promising to continue to do so if re-elected. LPL analysts point out that supporting energy companies, especially fossil fuel companies, remains Trump's goal. With the exception of renewable energy companies, most companies in the industry will benefit from Trump's election.

Medicine + artificial Intelligence Unit:Trump's second-term policy agenda includes topics such as employment, COVID-19 eradication and health insurance. In medicine, Trump plans to create 10 million new jobs and a million new small businesses within 10 months. The job growth depends mainly on encouraging US companies to return and new protectionist policies, while the return of pharmaceuticals and robotics, two major manufacturing industries, has been highlighted by Mr Trump.

From the perspective of the pharmaceutical industry, APIs such as vitamins and antibiotics in the United States are highly dependent on China, while the robotics field suppressed by each other will also force the domestic artificial intelligence industry to develop vigorously.

But if Biden is elected, it is likely to further strengthen the regulation of the pharmaceutical industry.