Democratic presidential candidate Joe Biden speaks at a voter activation center in Chester, Pennsylvania, on October 26, 2020.
Jim Watson | AFP | Getty Images
(CNBC PRO is looking at the most important investing angles surrounding the election. For the complete investor's guide, see here.)
A growing cohort of Wall Street strategists are betting on a revival of value stocks as a potentially new administration could create conditions favoring bargain-priced stocks whose success hinges on a broad economic turnaround.
At the core of the value call is the possibility of a massive fiscal spending package under a Biden presidency, which could boost economically sensitive stocks from banks to commodity producers and to industrial shares.