5 Best Stocks to Buy Before US Election Season 2024

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1. JPMorgan Chase & Co (NYSE:JPM)

Number of Hedge Fund Investors: 103

Comerica Bank recently took a detailed look at the sectors that move positively during election years. The bank’s research shows that financial services and energy sectors benefit during election years while the technology sector underperforms when Americans go to polls. In this context,  JPMorgan Chase & Co (NYSE:JPM) could be the safest stock to own before and after US election 2024.

Goldman Sachs recently published a list of stocks and sectors that could benefit from a Republican victory in US elections 2024.  JPMorgan Chase & Co (NYSE:JPM) was part of the list under the de-regulation category.

Madison Sustainable Equity Fund stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its fourth quarter 2023 investor letter:

“We updated the sustainable scorecard for JPMorgan Chase & Co. (NYSE:JPM). JP Morgan continues to have an Average rating across Governance, Social and Environmental factors. JP Morgan is using its business to improve climate change. JP Morgan has targeted $2.5 trillion in financing between 2021 and 2030 to advance long-term solutions to address climate change and sustainable development. The Board has oversight of corporate responsibility and ESG matters, but ESG and Sustainability are addressed across the firm. JPM does listen to shareholders. After a 31% For Vote on executive compensation in 2022, the Board will not be granting any special awards to Jamie Dimon or Daniel Pinto and if awarded to other Named Executive Officers, there will be a direct performance condition associated with the award. The Compensation Committee limited the cash percentage of Dimon and Pinto’s compensation.”

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