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10 Best Stocks to Buy After Democrats’ Election Sweep, According to CIBC

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CIBC Capital Markets recommended a list of top stock picks after the Democratic sweep of Congress, according to CNBC, citing a potentially tougher regulatory environment for corporate America. In a report published the day after the midterm vote, the Canadian bank said its Democratic basket was designed to hold up in a more defensive market, driven by a less business-friendly environment. It had built two baskets before the election: one for a Democratic-controlled Congress and one for a Republican-controlled Congress.

The Democratic list holds 36 stocks. The bank leaned toward major technology platforms and multinational companies over domestic ones, and it tilted toward lower-volatility names wherever it could, expecting investors to grow more cautious. The basket also stretches across consumer staples, real estate, health care, financials and utilities, so it is not only a technology bet. Beyond the largest technology companies, it also picked businesses in cybersecurity, consulting, payments, health insurance, waste services and utilities.

How CIBC Reads a Regulation-Driven Market

Christopher Harvey, CIBC’s head of equity and portfolio strategy, wrote that in a more regulation-driven scenario, the bank would trim its exposure to the suppliers that build out AI infrastructure and lean toward the large cloud platforms and software companies.

The Republican basket is the mirror image. Its 45 names favor AI exposure, based on expectations of limited regulation and less resistance to data-center construction under a Republican-led Senate. Together, the two lists work as opposing bets on how much Washington will push back on corporate America. Readers following the group can find more names in our list of tech stocks investors are talking about.

Why Data Centers May Still Get Built

Harvey also cautioned against writing off the data center boom. Campaign promises should be respected, he wrote, but data centers bring jobs, economic growth and a larger tax base that most politicians want, and few of them want the blame for losing the AI race to China. CNBC separately reported that some economists see political pushback as a way to let some air out of an AI bubble without popping it. For another set of names, see our ranking of the most promising technology stocks to buy right now.

Not every group rallied on the news. Defense stocks slid more than 2% on Wednesday on fears that Democrats will curb spending, although Wolfe Research analyst Myles Walton told clients the knee-jerk reaction could fade quickly, pointing to past cases in which defense contractors recovered from election-driven sell-offs. Overall, the Dow had soared 1,500 points that day, its best session since April 2025.

Our Methodology

To compile our list, we reviewed the stocks identified in CNBC’s coverage of CIBC Capital Markets’ 36-stock Democratic basket. CIBC has favored large technology platforms, multinationals, and lower-volatility names amid expectations of regulatory scrutiny. From these, we selected the 10 with the most hedge fund holders in Insider Monkey’s Q2 2026 database of hedge funds, and counted the list down from there.

Note: All data was sourced on November 11, 2026.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 612% since May 2014, beating its benchmark by 375 percentage points (see more details here).

10 Best Stocks to Buy After Democrats’ Election Sweep, According to CIBC

10. Accenture (NYSE:ACN)

Number of Hedge Fund Holders: 69

Market Cap: $151.90 billion

Accenture’s fiscal fourth-quarter revenue was $18.7 billion, up 7% in local currency from a year earlier, and new bookings for the quarter reached $22.2 billion. Managed Services contracts, in which Accenture runs a client’s technology operations for years, hit a record $12.8 billion. Managed Services bookings carried a book-to-bill of 1.4, and the year brought a record number of client deals worth $100 million or more.

For fiscal 2027, Accenture expects earnings of $14.39 to $14.81 a share and plans to return at least $9.5 billion to shareholders through buybacks and dividends. It also said revenue from work with its ten biggest technology partners grew faster than the company overall.

Fixed-price work, which includes outcome-based contracts, is now more than 65% of bookings, and Accenture deployed $4.9 billion across 17 acquisitions in fiscal 2026. It returned a record $11.5 billion to shareholders that year and generated $11.6 billion in free cash flow on fiscal 2026 revenue of $74.2 billion. Our look at whether Accenture is the market’s most overlooked AI play takes that debate further for readers who want more on the AI story.

9. Cigna Group (NYSE:CI)

Number of Hedge Fund Holders: 77

Market Cap: $79.60 billion

Cigna’s latest report came with a higher forecast. The health services giant now expects 2026 adjusted earnings of at least $30.60 a share, and total revenue rose 6% to $73.7 billion. The Cigna Healthcare insurance arm lifted its own profit forecast as well. That arm’s adjusted revenues rose 9% on premium rate increases, and its pre-tax adjusted income rose 15% in the third quarter on higher investment income and better efficiency.

One standout is Specialty and Care Services, the Evernorth unit that distributes and dispenses complex drugs. Its pre-tax adjusted income grew 15% too, helped by wider use of lower-cost biosimilars and specialty generics, which lower costs for clients and patients. The company also kept buying back stock, repurchasing 1.8 million shares for about $500 million so far this year.

Management is also laying out a long runway. It targets 10% to 14% annual growth in adjusted earnings per share through 2030, backed by a $3 billion modernization and productivity program meant to fund itself. Our piece on why Cigna’s forward earnings multiple signals value even with earnings risks in view covers the valuation side.

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