"Obama" Stock Plays: Health, Infrastructure
In less than eleven weeks, the Oval Office gets a new occupant. How does Barack Obama's arrival on Pennsylvania Avenue transform the landscape on Wall Street?
Formula Capital's James Altucher tells CNBC he's identified a couple of planks in the winner's campaign platform that should work in favor of some selected stocks.
"On health care, you have Health Management Associates, a chain of hospitals," he said. "More health care for people means more people doing emergency room visits, more people doing surgeries; this company will benefit huge." (See his full comments in the video)
Altucher's infrastructure plays are KBR and Manitowoc.
"Obama wants to set up a national infrastructure reinvestment bank to basically pour dollars down on transportation projects," he said.
Disclosure information for James Altucher was not immediately available.