These stocks could under-perform in a progressive Democratic agenda

2020 presidential candidates Pete Buttigieg, mayor of South Bend, from left, Senator Bernie Sanders, an independent from Vermont, Former U.S. Vice President Joe Biden, and Senator Elizabeth Warren, a Democrat from Massachusetts, stand on stage during the Democratic presidential candidate debate in Houston, Texas, U.S., on Thursday, Sept. 12, 2019.Bloomberg | Bloomberg | Getty ImagesDespite the fact that the 2020 presidential election is more than a year away, investors are looking at the potential impact of a progressive political agenda on the stock market.J.P. Morgan, in a new report, compiled a list of firms that would be most affected by progressive policy initiatives, in areas like anti-trust, financial regulation, climate change, health-care reform and minimum wage.The company expects these select stocks to under-perform relative to the market if a progressive Democratic candidate is elected.2020 candidates Joe Biden, the former vice president, Sen. Bernie Sanders, I-Vt., and Sen. Elizabeth Warren, D-Mass., are leading in national polls. There are 19 Democratic presidential candidates still in the race.Here are some of the stocks J.P. Morgan expects would under-perform:Energy:ChevronExxon MobilIndustrial:Lockheed MartinNorthrop GrummanConsumer discretion:GapPapa John’sConsumer staples:Walgreens Boots Alliance Inc.Healthcare:CVS HealthCignaFinancials:Bank of AmericaWells FargoInformation Technology:Booz Allen Hamilton HoldingCommunication Services:AlphabetFacebookReal Estate:CoreCivic Inc.GEO Group Inc.- Michael Bloom contributed to this report

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