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Pro Analysis

Buy Wal-Mart, other stocks with low-income customers on a potential Clinton election win: Cowen

A voting sign points early voters to the polling station at the Hillsborough County Supervisor of Elections office on Oct. 24, 2016 in St. Petersburg, Fla.
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A voting sign points early voters to the polling station at the Hillsborough County Supervisor of Elections office on Oct. 24, 2016 in St. Petersburg, Fla.

Cowen on Tuesday released its top picks for the U.S. presidential election, highlighting a list of stocks that are likely to perform best on a potential victory by Democrat Hillary Clinton.

"We continue to believe the presidential race remains Clinton's to lose with a dwindling path to 270 electoral votes for Trump. To us, the bigger question is Trump's margin of loss," wrote the firm's Washington strategist Chris Krueger.

As a result, Krueger advises clients to position their portfolios according to the policies that are likely to take center stage under a Democratic presidency.

"We believe Mrs. Clinton's top legislative priorities will include: sweeping immigration reform, launching her infrastructure program and tax reform," wrote Krueger as potential investment areas.