5 stocks to buy if Harris wins the election and 5 to sell

The stock market jumped a record high level with Kamala Harris entered presidential race in July. Will the good vibes continue if she wins the White House? The answer may vary depending on the sector.

Fortune polled analysts and academics about which stocks could rise after a Harris win, as well as which companies’ stocks could fall. Here are a few companies to keep in mind:

What to buy

Harris and former President Donald Trump differ sharply when it comes to climate and energy policy. As vice president, Harris cast the deciding vote Inflation Reduction Act. Joe Biden’s signature climate law passed without any Republican support, and Trump has vowed to dismantle a system of tax breaks and subsidies that he called the “new green scam.”

It’s unclear whether Trump will be able to deliver on those campaign promises, but a Harris victory is likely much better news for RES. Actions First Sunnyshares of America’s largest solar panel maker have fallen 16% this month amid industry volatility and election uncertainty. A win for Harris could reward investors who bought the dip.

A Harris administration could also help electric car makers looking to get a leg up on Elon Musk Teslain particular, as stated by the CEO of the electric giant full support behind Donald Trump. Musk’s political activism, including his public spats with California officials, has already provided opportunities for companies such as Rivsky to to select dissatisfied progressive customers. What Musk seems to be betting on is the future of Tesla autonomous drivinggovernment subsidies and tax incentives are critical to the chances of companies like Rivian to compete.

Offshore wind farms will also benefit from a Harris win. Spanish energy giant Iberdrol has invested more than $13 billion in the US and UK over the past 12 months, leading to a 150% increase in profits in the first nine months of the year. Its American subsidiary, Avangridavailable at a modest price-to-earnings ratio just north of 12, according to S&P Global.

Then there are the less obvious options. Actions by defense contractors like Honeywellfor example, somewhat moved in tandem with odds Harris’ win, according to a preliminary analysis by Michael Bailey of Georgetown University. This may reflect what Harris is likely to be a safer bet to continue America’s support of Ukraine against Russian invasion.

Finally, a victory for Harris may allow the big importers to breathe a sigh of relief. Trump offers at least a 10% global tariff and 60% tax on all Chinese goods will not be good news for large retailers such as targetedso a win for Harris could erase the concerns currently priced into his stock.

See also: 5 stocks to buy if Trump wins and 5 stocks to sell

What to sell

Some analysts are highly skeptical of trade depending on who occupies the Oval Office. That includes Jay Hatfield, CEO of Infrastructure Capital Advisors, who is much more focused on general tax policy, including corporate tax ratemay affect the overall market.

However, even he said that finance is the basis of the so-called “Trump trade” because of the prospect of looser regulation. JPMorgan Chase and Goldman Sachs these are the two stocks that investors can invest in if Trump wins, while a Harris win could trigger a selloff.

However, it is worth paying attention to stocks that are strongly influenced by climate policy. According to Sam Stovall, chief investment strategist at CFRA Research, Harris is the best bet for renewables, with companies in sectors such as offshore oil, coal and offshore solar potentially among the biggest losers.

Therefore, an oil driller Schlumberger may be a stock to stay away from if Harris takes the White House, Stovall said. The same applies Consol Energyhe added, one of the biggest names in the coal industry.

Although the Harris administration may be kinder than Biden to Big Tech, companies centered around the gig economy may be at risk, according to a memo from Bank of America saw CNBC. Investors may try to flee Uberfor example, if the vice president is promoted by the American people.

This story was originally presented on Fortune.com