With all eyes on Monday's presidential debate between Trump and Clinton, Goldman Sachs told clients to buy stocks that will benefit from more government spending as both candidates will likely advocate fiscal stimulus.
"Upcoming debate ranks as the biggest match-up since the Mayweather/Pacquiao bout...viewership may approach Super Bowl proportions with an audience of perhaps 100 million," Goldman Sachs' David Kostin wrote in the note to clients Friday. "Both presidential candidates support fiscal spending which should lift aggregate end demand and benefit firms with high government sales exposure."
Kostin cited how a basket of companies with high government sales exposure has outperformed the S&P 500 by 4.9 percentage points this year, but still trades at a 12 percent valuation discount on a P/E basis.
Here are 4 fiscal spending stock picks Goldman says will benefit no matter the election's outcome.