Investing

10 Top UBS Stock Picks for If Trump Wins the Election in November

Steel Dynamics

Many on Wall Street remain very positive on this steel company. Steel Dynamics Inc. (NASDAQ: STLD) operates six steel mini-mills in Indiana, Virginia, Mississippi and West Virginia. Production capacity has been nearly 10 million tons, of a total 110 million U.S. capacity.

The company makes flat-rolled products, special/merchant bars and structural steel products. Steel Dynamics can process about 7 million tons of ferrous scrap and has a downstream operation that processes finished steel.

Shareholders receive a nice 3.70% dividend. The consensus price objective was last seen at $28.10, and that compares to a closing price of $27.00 for Steel Dynamics stock on Wednesday.

UnitedHealth

This is a top stock to buy in the rapidly consolidating managed health sector. UnitedHealth Group Inc. (NYSE: UNH) offers the full spectrum of health benefit programs for individuals, employers and Medicare and Medicaid beneficiaries, and contracts directly with more than 850,000 physicians and care professionals and 6,000 hospitals and other care facilities.

This Dow Jones industrial average component is considered the most diversified payer, either by product line, geography or customer type. Its operating segments include United Healthcare, OptumRx, OptumInsight, and OptumHealth.

UnitedHealth stock investors are paid a 1.64% dividend. The $332.32 consensus price target is well above the most recent close at $304.07.

United Rentals

This stock has rallied smartly but still has solid upside potential. United Rentals Inc. (NYSE: URI) is the largest equipment rental company in the world. It has an integrated network of 876 rental locations in 49 states and 10 Canadian provinces. With approximately 12,200 employees, the company serves construction and industrial customers, utilities, municipalities, homeowners and others.

United Rentals offers for rent approximately 3,300 classes of equipment with a total original cost of $8.7 billion. Trading at 10.0 times trailing 12-month earnings, the stock remains very cheap.

The consensus price objective is $156.21, but United Rentals stock closed trading on Wednesday at $160.80 per share.

After his over three and a half years in office, investors have a pretty solid idea about the direction a Trump administration would go in a second term. A continued focus on trade deals and agreements, continuing the tax cuts, moving the military out of the seemingly endless wars and rebuilding the economy after the COVID-19 pandemic probably will remain top priorities.