Obama's big victory certainly doesn't ensure a quick turnaround in the stock market, but it bodes well for a couple of sectors.
Jim Cramer thinks Obama's reign as president will be good for the agriculture sector, as he's a big backer of ethanol and farming. Specifically, Cramer likes Deere, the stock of which has dropped from nearly $80 a year ago to $43.
James Altucher, managing partner at Formula Capital, favors agriculture as well—including "dirt cheap" stocks Mosaic, Potash, and KBR. He also says infrastructure stocks stand to gain as well on Obama's pledge to support spending on roads and bridges, but he is less enthusiastic about biotech and healthcare stocks.
Kris of TX @ Nov 09, 2008 11:52:18 AM
Mearlene James of MI @ Nov 06, 2008 13:19:13 PM