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Is Obama Good For Stocks?

Obama Good For Stocks?

With the election heating up, investors can’t help but wonder which candidate will boost their portfolio?

I’ve never seen an election where it matters less, says Rob Cox US editor of The two candidates are barely apart on most of the fiscal issues that matter. If you look at things like energy policy, except for a minor difference on off-shore drilling, they’re practically the same.


Who Benefits If McCain Wins?

* Financials
* Nuclear
* Oil


One caveat here. McCain says he wants to build 30 to 40 nuclear power plants around the country but it won’t really be his decision, adds Cox. It will be local politics that make the decision. Will people allow these things in their backyard? That’s the real issue.


Who Benefits If Obama Wins?
* Steel
* Fannie & Freddie
* Ethanol


We probably need higher taxes, Cox says. The best Wall Street can hope for is that they stay the same if McCain wins. If Obama takes the White House he will probably raises the capital gains tax.

And that leads to our Charles Schwab Question of the Day. What do you think?

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Trader disclosure: On Aug 22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;  Karabell Owns (AAPL), (FMCN), (GLD), (GOOG), (JPM), (NOK), (SLB), (RIO), (WFR), (CHL), (WFR): Tatro Owns (C), (GS): Quint Tatro Is The Principal Of Tatro Capital: Tatro Capital Owns (AAPL), (FXI), (QQQQ), (SPY), (T), (XLF), (JWN), (SSO), (ENER), (ESLR): Jon Najarian Owns (AAPL), (BKC), (BRK.B), (C): Jon Najarian Owns (RIMM) Calls; (SCHW) Calls, (AKAM) Calls: Terranova Owns (RIMM), (GS); Terranova is Long Sept. Mini S&P Futures, Terranova Owns (AIG) Puts; Terranova Is Long October Crude Oil Futures: Terranova Is Long Crude Oil Time Spread (Long Dec. 2008, Short Dec. 2012)

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (ABD), (ARE), (BRE), (CNTY), (CLB), (OFC), (DLR), (ESS), (EXR), (FL), (IAT), (IGE), (LNET), (MAC), (OIIM), (PSPT), (DBC), (DBV), (SLB), (SKT), (BLV)

Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO
Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)