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Raymond James says Democratic sweep odds are rising. Here's how to play it

U.S. Democratic presidential candidate Joe Biden delivers remarks at a voter mobilization event at Riverside High School in Durham, North Carolina, U.S., October 18, 2020.
Tom Brenner | Reuters

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The odds of a Democratic sweep in two weeks are rising, and there are ways for investors to take advantage of the shift, Raymond James analysts said in two notes Monday.

The investment firm set the odds for a Democratic sweep at 55%, up from 50%, and a 65% chance overall for a win by Joe Biden. The consistently high polling lead for Biden has helped put former Republican strongholds into toss-ups, according to Raymond James' analysis.

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