
Portuguese President, and candidate for reelection, Marcelo Rebelo de Sousa speaks to journalists after voting at a polling station in Celorico de Basto, northern Portugal, Sunday, Jan. 24, 2021. Portugal holds a presidential election Sunday, choosing a head of state to serve a five-year term. (AP Photo/Luis Vieira)

A woman casts her ballot at a polling station in Lisbon, Sunday, Jan. 24, 2021. Portugal holds a presidential election Sunday, choosing a head of state to serve a five-year term. (AP Photo/Armando Franca)

More than a dozen ambulances queue waiting to hand over their COVID-19 patients to medics at the Santa Maria hospital in Lisbon, Friday, Jan. 22, 2021. Portugal's COVID-19 surge is continuing unabated, with a new record of daily deaths, hospitalizations and patients in intensive care. (AP Photo/Armando Franca)

A woman walks in front of an election campaign billboard for presidential candidate Andre Ventura, with the slogan "A president without fear of the system", in Lisbon, Friday, Jan. 22, 2021. Portugal holds a presidential election upcoming Sunday. (AP Photo/Armando Franca)

In this Tuesday, Jan. 19, 2021 file photo, Rosa Gordo, 89, hands her presidential election ballot to municipal workers in protective gear at the elderly care home where she resides in Montijo, south of Lisbon. Portugal holds a presidential election on Sunday, Jan. 24, 2021 and the moderate incumbent candidate is widely seen as the sure winner. But an intriguing question for many Portuguese is how well a brash new populist challenger fares in the ballot. Mainstream populism is a novelty in Portugal. (AP Photo/Armando Franca, File)

A woman walks past election campaign posters for presidential candidate Ana Gomes, in Lisbon, Wednesday, Jan. 20, 2021.Portugal holds a presidential election on Sunday, Jan. 24, 2021 and the moderate incumbent candidate is widely seen as the sure winner. But an intriguing question for many Portuguese is how well a brash new populist challenger fares in the ballot. Mainstream populism is a novelty in Portugal. (AP Photo/Armando Franca)

An election official picks up a paper ballot at a polling station in Lisbon, Sunday, Jan. 24, 2021. Portugal holds a presidential election Sunday, choosing a head of state to serve a five-year term. (AP Photo/Armando Franca)
LISBON, Portugal (AP) — Portugal’s president appeared poised to win a second term in office Sunday, in an election held amid a devastating COVID-19 surge that has made the European country the worst in the world for cases and deaths.
An exit poll suggested that center-right incumbent Marcelo Rebelo de Sousa captured 57-62% of the vote, which would send him for a final five-year term.
Socialist candidate Ana Gomes came second with between 13-16%, the poll by the Portuguese Catholic University’s Polling Center for public broadcaster RTP suggested.
In what would be a stunning result, newly arrived right-wing populist André Ventura came third with 9-12%, the poll indicated. His showing would have been unthinkable until recently.
Four other candidates ran for president.
The head of state in Portugal possesses no legislative powers, which are held by parliament and the government, but is an influential voice in the running of the country.
The exit poll estimated the turnout at 45-50% — lower than in recent elections and apparently confirming concerns that some people would stay away for fear of becoming infected with COVID-19. Political leaders say that when the pandemic began to worsen there was no longer enough time to change the Portuguese Constitution to allow a postponement.
Portugal has the world’s highest rates of new daily infections and deaths per 100,000 population, according to a tally by Johns Hopkins University, and its public health system is currently under huge strain.
Rebelo de Sousa, 72, has long been viewed as the clear front-runner in the contest. He is an affable law professor and former television personality who as president has consistently had an approval rating of 60% or more.
To win, a candidate must capture more than 50% of the vote.
Rebelo de Sousa, a former leader of the center-right Social Democratic Party, has worked closely with the center-left minority Socialist government, supporting its pandemic efforts.
He also has endeared himself to the Portuguese with his easygoing style. Photographs taken by passers-by of him in public places, such as one last year of him standing in line at a supermarket wearing sneakers and shorts, routinely go viral.
With the country in lockdown, the election campaign featured none of the usual flag-waving rallies but restrictions on movement were lifted for polling day.
Authorities increased the number of polling stations and allowed for early voting to reduce crowding on election day. In other precautions, voters were asked to bring their own pens and disinfectant to polling stations. Everyone voting wore a mask and kept a safe distance from each other.
Prime Minister António Costa, in a tweet, urged people to turn out for the ballot, saying that “unprecedented planning” had gone into ensuring that the vote could take place safely.
Portugal has 10.8 million registered voters, around 1.5 million of them living abroad.
Every Portuguese president since 1976, when universal suffrage was introduced following the departure of a dictatorship, has been returned for a second term. No woman or member of an ethnic minority has ever held the post.
7 Post-Inauguration Stocks to Buy For Under $20
There’s a new occupant (officially) at 1600 Pennsylvania Avenue and the stock market is doing its part to promote unity. The Dow shot to a record high on Inauguration Day. We don’t imagine the honeymoon will last long. However it serves as a reminder that investors are more interested in the “what” more than “what party” when it comes to the way it moves.
With that said, many investors are attempting to read the tea leaves of the nascent Biden administration. One of the challenges will be that many of the usual suspects such as the FAANG stocks remain popular, yet frighteningly expensive (in terms of share price).
Valuation is in the eye of the beholder. But some investors may be looking for low-priced stocks that can get them more bang for their buck. The good news is that there are many stocks that you can buy for under $20 that not only show impressive growth, but are leaning in to the macroeconomic issues that will be present during at least the early part of the Biden administration.
In this special presentation, we’re giving you seven of our picks for low-priced stocks you can buy for under $20 today. But take note, these stocks may easily be over $20 in the next few months.
View the "7 Post-Inauguration Stocks to Buy For Under $20".