(This can be a wrap-up of the important thing cash shifting discussions on CNBC’s “Worldwide Alternate” unique for PRO subscribers. Worldwide Alternate airs at 5 a.m. ET every day.) Strategists are urging buyers to be affected person forward of the U.S. presidential election. That mentioned, a chance could also be rising in shares catering to high-income earners. Worldwide Alternate Phrase of the Day: Endurance Steven Wieting of Citi International Wealth Investments mentioned buyers ought to take a wait-and-see method earlier than the election. “This can be a time when markets are distorted… the October interval earlier than US elections have normally been distorted,” Wieting mentioned on Worldwide Alternate. “There’s numerous gaming round this… numerous apprehension. We must wait and see the alternatives that come up from the election outcomes. We expect the variations of coverage of those two candidates are important sufficient to essentially have giant strikes in world markets, maybe extra impression outdoors the U.S. than inside,” he added. Picks: Residence Depot (HD) and American Specific (AXP) Aadil Zaman of Wall Road Alliance says government commentary from current financial institution earnings convention calls has given him confidence within the total shopper and particularly the high-end shopper. He says Residence Depot (HD) and American Specific (AXP) are shares that can profit from continued spending of upper earnings earners. “The upper finish shopper is the place you need to be proper now,” mentioned Zaman on Worldwide Alternate. “These shoppers aren’t going to cut back their consumption primarily based on small financial blips.” Dividend-Targeted Investing Wieting says a dividend-focused technique is an effective way to hedge in opposition to the uncertainty of the election, Fed fee selections and different potential market shifting occasions. We requested him about two ETFs: the ProShares S & P Dividend Aristocrats ETF (NOBL) and the Vanguard Dividend Appreciation Fund (VIG) . “That is the form of technique that has had long run outpeformance. However it has lagged Large Tech,” Wieting mentioned. “This is likely one of the best methods to construct wealth over a protracted interval.” Chart of the Day: IYT Transports ETF The iShares Transportation Common ETF (IYT) hit an all time excessive on Wednesday, boosted by better-than-expected earnings from JB Hunt. Many analysts imagine it is a extra consultant have a look at the freight and logistics sector as a result of it has a decrease weighting of airways an contains extra trucking shares. Roughly 72% of US Freight is moved by truck, in keeping with the American Trucking Affiliation . The ETF pulled again within the premarket on Thursday after East Coast railroad CSX fell on weak ahead steerage.