According to Decision Desk HQ's model, Vice President Kamala Harris has a slight chance of becoming the next president. However, it could become more difficult for the Democratic Party to gain control of Congress. Decision Desk HQ estimates the GOP has a 54% chance of retaining its majority in the House and a 71% chance of regaining its majority in the Senate.

Still, it is possible that momentum could shift in favor of the Democrats in the final weeks of the campaign. How might investors take advantage of such a scenario? Here are three stocks to buy with confidence if Harris and the Democrats win in November.

1. DR Horton

DR Horton (NYSE:DHI) would likely be among the biggest winners if Harris wins and Democrats control Congress in the upcoming election. The company has been the largest home builder by volume in the United States since 2002. It operates in 121 markets in 33 states.

Harris has proposed a plan that she says will encourage the construction of 3 million new homes over the next four years. She wants to give first-time home buyers $25,000 to help them with their down payment. The Democratic presidential candidate also wants to create a tax incentive for homebuilders who sell homes to first-time buyers. Both proposals would almost certainly increase DR Horton's revenue.

Another big reason why many DR Horton shareholders might celebrate a Democratic victory is inflation. Conducted a survey of nearly 40 leading U.S. economists Financial Times and the University of Chicago found that 70% believed Harris' policies would lead to lower inflation than those proposed by former President Donald Trump. Lower inflation leads to lower interest rates – an important factor in DR Horton's success.

Regardless of which party is in power after the election, however, DR Horton should be in great shape in the long run. There is still a housing shortage in the USA. And there is only one practical solution to the problem: build more houses.

2. Brookfield Renewables

Democrats have been vocal supporters of renewable energy for years. Harris is no exception. It promises to “invest in building the energy industry of the future.” The vice president also wants to cut red tape to enable quick completion of clean energy projects. Brookfield Renewables (NYSE:BEP) (NYSE:BEPC) could be a beneficiary of these policies.

Harris wants to protect U.S. energy security and prevent the country from relying on foreign oil. While achieving this goal will require domestic production of oil and natural gas, renewable energy will become increasingly important.

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Brookfield Renewable is one of the largest clean energy producers with hydroelectric, wind and solar facilities around the world. The company currently has an operating capacity of around 37 gigawatts, twice as much as in 2020. The development capacity is around 200 gigawatts.

Two other factors should help Brookfield Renewable even if Democrats don't win outright in November. First, renewable energy is already the most cost-effective energy alternative. Secondly, the demand for electricity is growing rapidly, particularly due to the increasing number of data centers.

3. UnitedHealth Group

Harris has committed to making the tax credits permanent for working and middle-class families who purchase health insurance on the Affordable Care Act (ACA) marketplace if elected president. She wants to speed up negotiations on Medicare drug prices.

Both proposals are intended to help companies that offer in-market health plans and Medicare Part D prescription drug plans. UnitedHealth Group (NYSE:UNH) is the largest health insurer in the group.

UnitedHealth Group offers health insurance plans to individuals and families in the ACA health insurance markets in 26 states. Last year, the company enrolled 10.2 million people in Medicare Part D plans, including individual plans and Medicare Advantage plans.

However, there is a larger tailwind that may be more important to UnitedHealth Group in the long run than which party is in power in Washington, DC: an aging population. The number of Medicare enrollees is expected to rise sharply through 2030 as baby boomers retire. Expect Medicare Advantage to become an even more important part of UnitedHealth's business in the coming years.

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Keith Speights holds positions at Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has positions in and recommends Brookfield Renewable and DR Horton. The Motley Fool recommends Brookfield Renewable Partners and UnitedHealth Group. The Motley Fool has a disclosure policy.

3 Stocks to Buy Without Concern if Kamala Harris and the Democrats Win in November was originally published by The Motley Fool