While the race for Democratic nomination for president seems to be 67% wrapped up with Hillary Clinton getting the nomination, the Republican nomination is far from settled. According to Intrade.com, a betting site where you can bet on the outcome of the elections, Mike Huckabee has been gaining a lot of ground recently.
As a stock analyst, I can recognize a healthy, up-trending chart, and support for Huckabee has taken off in the last two months, from a 3% chance of the Republican nomination to a 12% chance of the nomination.
Huckabee, a former Baptist minister and governor of Arkansas, has been gaining support among social conservatives who do not like Giuliani and Romney's stands on social issues like abortion and gay marriage.
Huckabee still has a long way to go, but is now third in the race for the nomination. Will Huckabee come from behind to sweep the White House like another Arkansas governor did 15 years ago? It may still be too early to tell, but he is quickly gaining momentum in the race.
So what would be the effects of President Huckabee? He is for staying the course in Iraq, so defense stocks like Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), and Northrop Grumman (NYSE: NOC) would continue to do well. Huckabee is committed to putting the IRS out of business by eliminating all federal income taxes with the revenue replaced with a sales tax. That would hurt companies that make money off tax preparation like H&R Block (NYSE: HRB) and Intuit (NASDAQ: INTU), but make Americans a lot happier on April 15. Health foods companies like Whole Foods (NASDAQ: WFMI) would also do well under the healthy living lifestyle of Huckabee, who lost 110 pounds for health reasons.
Guiliani is leading with 42.7%, but the Republican nomination is still far from decided, and it is too far away to say who will win.
Kevin Kersten is an Options Analyst with InvestorsObserver.com. Disclosure note: Mr. Kersten owns and or controls a diversified portfolio of long and short positions that may include holdings in companies he writes about
Reader Comments (Page 1 of 1)
12-03-2007 @ 8:51PM
R. Ricafrd Fusilier said...
I wouldn't mind if he gets the nomination. How about Gov. Richardson as his running mate. Anybody, but that Hillary.
12-04-2007 @ 8:34AM
manny said...
get the clinton liars out
12-04-2007 @ 8:35AM
pllc15 said...
I liked Huckabee from the first GOP debate several months ago. He doesn't pander to any group or cause. I don't think the GOP caucuses are sold on him yet. I'm an independent and voted for Democrats more often than not over last 45 years, but I'm not happy with the Democratic slate: scripted(Hillary); sophomoric(Obama); weak on immigration(Richardson); radical (Kucinich); in politics too long (Biden); full of himself (Edwards).
12-04-2007 @ 8:35AM
E Jones said...
God help us. Huckabee has no business in the White House. He has no clue about immigration and I have heard him lie about that issue. In Arkansas he attempted to give Illegals free tuition in college. Forget what he says that is the truth
12-04-2007 @ 9:09AM
Neuticles said...
This country cannot and will not survive
another Republican president.
All of those GOP candidates crammed
Bush down our throats for nearly eight
years.
Do you trust their judgement now?
For the sake of our country- vote for any
Democrat and bring back America.
12-04-2007 @ 9:53AM
Neuticles said...
Huckabee is just another Republican repackaged with a new line of garbage. Dont be fooled again.
Vote Democrat and bring back our once great nation.
12-05-2007 @ 3:04PM
Claude Foutch said...
It's probably too early to pass judgement on any of these candidates; however, I plan to vote Dem because of the potential for a horrible financial trainwreck re the culmination of the entitlements, globalization labor effects and general markets regulation problems. No Republican has the guts to step up to the plate and bring back some sanity in the form of re-regulating the heroic out-of-control financial markets. The Wharton school sharpies have seriously torpedoed the great ship America and they and their Gecko greed level bosses need be brought to heel. Only a strong Dem will have the courage to do this; in fact, failure to do it will resullt in a global crash. Listen to Bill Gross at PIMCO for advice.