With the spectre of nationalisation of its regulated Openreach business under a Labour administration now no more than a bad dream, the American brokerage expects the telco’s shares to spark back into life.
The same goes for the last vestiges of former state-owned utilities that were also in Jeremy Corbyn and John McDonnell’s cross-hairs pre-vote.
Outsourcers such as Capita (LON:CPI), which has some huge public sector contracts, should benefit from economically more liberal Johnson administration, stock pickers at the US firm reckon.
The remainder of Jefferies’ calls are predicted on stronger economic growth under the Tories with the assumption that clarity over Britain’s Brexit direction will prompt businesses and households to start spending again.
In that vein it highlighted Britvic PLC (LON:BVIC), where it reckons the J2O bottles will be popping over Christmas; the housebuilders, which have always been a Brexit trade; the never-knowingly-off-sale DFS (LON:DFS)
Negatively impacted by BoJo’s election win will be foreign currency earners with the pound spiking more than 2% overnight.
This will hit BAE Systems (LON:BA), for example. Jefferies pointed out that the Tories made virtually zero reference to defence spending in its manifesto, which adds an additional layer of worry as the UK accounts for a fifth of the group’s revenue base.