Several catalysts for the 2024 presidential election are approaching: Trump’s hush money trial sentencing and Trump’s running mate selection will both occur in the next two weeks. TD Cowen deputy head of research Lisa Thomas joins Catalysts to offer insight into how investors should prepare their portfolios as Election Day nears.
Thomas suggests that investors focus on themes that will endure the presidential election and provide long-term gains: “We’re putting tremendous focus on AI infrastructure. What are all of those architectural enhancements and improvements that are needed to really fuel the AI use cases that everyone is looking to? So for example, we upgraded Credo Technology (CRDO), which is a mid-cap name in the space that is working on enhancing speed in the data center. They had previously had a lot of customer concentration between Microsoft (MSFT) and Amazon (AMZN), but that’s broadened out a lot. And we think that investors are increasingly starting to embrace those kinds of infrastructural names,” Thomas says.
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