AI picks 2 ETFs to buy after U.S. presidential elections
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Financial markets are on edge ahead of the United States presidential election on November 5. Both candidates’ proposed policies could drive market volatility, leaving investors searching for assets to protect against any emerging uncertainty. While stocks and precious metals have shown strength leading up to the election, one overlooked area is exchange-traded funds (ETFs). ETFs are generally considered safe investments. They offer diversification, transparency, and liquidity to help investors spread risk across multiple assets. With this in mind, as the market offers several options, Finbold turned to ChatGPT-4o, an artificial intelligence (AI) tool by OpenAI, to identify two ETFs investors should consider after the polls. iShares U.S. Infrastructure ETF (IFRA) The AI tool noted that the iShares U.S. Infrastructure ETF (IFRA) will likely see upward momentum, given that infrastructure spending is a priority for both Donald Trump and Kamala Harris. ChatGPT pointed out that IFRA could benefit if policies favor infrastructure investment. Notably, IFRA tracks companies in sectors like construction, materials, and transportation. Vice President Harris has already signaled her support for infrastructure. Her administration, alongside President Joe Biden, allocated $62 billion from the Bipartisan Infrastructure Law this year for critical upgrades and improvements to transportation systems. If elected, there is high anticipation that she might continue with this policy. On the other hand, if re-elected, Trump supports streamlining regulations in the infrastructure sector, promoting public-private partnerships, and expanding and modernizing pipelines, refineries, and energy distribution networks. This outlook aligns with a forecast from analysts at Mordor Intelligence, predicting that the infrastructure market has the potential to grow from $2.72 trillion in 2024 to $3.69 trillion by 2029. As of press time, IFRA was valued at $46.68, reflecting year-to-date gains of nearly 16%. IFRA YTD price chart. Source: Finbold Invesco Solar ETF (TAN) Second on the list is the Invesco…
Filed under: News - @ November 4, 2024 1:26 pm