While Michelle Obama's rather outlandish comment hasn't gotten a lot of mainstream media play, I would like to present two American stocks that even she would be proud of.
Michelle Obama said, "for the first time in my adult lifetime, I am really proud of my country." Now Michelle hasn't exactly led a life of your typical third world citizen. She graduated from Princeton University and Harvard Law School. While America may not be perfect, it is by far and away the greatest nation on earth. If she was so anti-U.S. for the last 25 years, why did she bother staying? The fact that millions of people are trying to enter the U.S. every year means something. You don't see people crowding into boats to be smuggled into Cuba (enjoy your retirement, Fidel).
I will not go into all the things that we can be proud of as Americans that have occurred over the last 25 years. What I will do is present two great U.S. companies that will make you proud. They have not only created products that have been an enormous help to people around the world, but also make for potentially intriguing investments.
Amgen (NASDAQ: AMGN), the bio-tech giant, has spent the last few decades (basically the same amount of time as Michelle's adult life) trying to help sick people. That seems to me to be a noble pursuit. It uses cellular biology and medicinal chemistry to target cancer, nephrology, inflammatory disorders, and metabolic and neurodegenerative diseases. Anti-anemia drugs Epogen and Aranesp account for about half of its sales. Enbrel, another leading drug, treats rheumatoid arthritis and is one of the best-selling drugs in this multi-billion-dollar market.
The stock has gotten crushed of late, down 30% from its 52-week high. Trading with a P/E under 11, the stock has become an interesting value play. With a large pipeline, investors may want to take a look at Amgen.
Archer Daniels Midland (NYSE: ADM) is one of the world's largest food processors. It is one of the world's largest processors of oilseeds, corn and wheat. Its main offerings include soybean, peanut and other oilseed products. From corn it produces syrups, sweeteners, citric and lactic acids and ethanol, among other items. ADM also produces wheat and durum flour for bakeries and pasta makers. It processes cocoa beans. Basically, it helps feed the world. Trying to take on world hunger isn't such a bad thing, is it?
With the world becoming wealthier and consumers having more disposable income than ever before, they have more to spend of food. ADM should continue to profit from this trend, not to mention its profits from the ethanol craze. The stock has done well, but long-term investors may want to take a look as catalysts for the stock continue, and the stock doesn't appear overvalued.
Michelle, I think there is a lot to be proud of. God Bless the U.S.A.
Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com. DISCLOSURE: Writer has no position in any stock mentioned as of 2/19/08.
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Reader Comments (Page 1 of 1)
2-19-2008 @ 2:26PM
some guy said...
Hey I am not running for office and I haven't been too proud of America for the last 10 to 15yrs does this make me a bad person??She's entitled to her opinion so this shouldn't be a big deal.
2-19-2008 @ 3:44PM
Capo said...
Aaron
I don't know where you got the impression that Michelle was previously anti-U.S and for you to suggest that she probably shd have considered leaving the US is absurd.
I think she meant to say that she wasn’t proud of our history of slavery and racism. I see you are mentioning AMGEN, the biotech giant. The biotech industry and its cousins remind me of things that Michelle and other goodhearted people are ashamed of – such as the callous acts of inhumanity in Alabama - the “Tuskegee Study of Untreated Syphilis in the Negro Male” conducted between 1932 and 1972 in Tuskegee, Alabama, in which African American sharecroppers (read guinea pigs) were denied treatment for Syphilis. I get the impression that you, Cindy McCain and your ilk are comfortable with that part of our history. For the record, I’m not proud of that history. I’m proud of our efforts to become a better society for people of all races and backgrounds.
2-19-2008 @ 3:44PM
birdienumnum said...
I am not sure about the greatest nation on earth, but for sure not the most humble and modest
2-19-2008 @ 9:50PM
sharee said...
What a sad sad day for our country when people say things like this and people actually write and agree and say they are not proud Americans - America is like your family - you might not always agree and sometimes you fight and argue with some of your family members but you never let anyone insult or put them down - we certainly have raised a lot of looser, spoiled brats that appreciate nothing - but thank God we do have some fine young people to carry on. Get off the Slavery Crap and the 60s , we have all suffered, it was horrible but I didn't do it and neither did you or your parents, so let it go! Shall we keep on giving FREE RIDES because of the sins of our forefathers or sins of the Dutch and English!
My ancestors didn't own or condone slavery and Michelle Obama never had to wear a scarf and say yes sa massa so GET OVER IT! Their true colors are coming out - they have an alligance to Africa not America it shows in all they do and say , look at their reaction to our flag and military - so why don't you all go live in Africa and see how much better it is than the USA and leave America to people who love it and defend it - Im so sad that my nephew, neice, brother and uncles wear the uniform and defend all of your sorry asses
2-20-2008 @ 1:54AM
Fred Hoyle said...
She said "For the 1st time, I'm proud..." in the 1st speech in Milwaukee. Then later on added "I'm really proud" in the 2nd speech.
Caught on tape here
http://www.youtube.com/watch?v=EGjR81pFJI4
2-20-2008 @ 11:41AM
Greg said...
I'm a rather typical dad. I love my kids, always have. I've always supported my kids. I can't think of better children in the world. Now, upon occasion each of my kids has done something that I thought particularly outstanding, and I've remarked to them "How very proud you've made me!"
Should they have rejected me at that moment, because I was less proud at any other given moment? Did I mean, "You've always dissappointed me horribly, until just now?"
There are a lot of people who expect nothing less than wrap-the-flag-around-me exuberance, call it jingoism, from an American about her country. These are people who cannot support a critical observation about their homeland, and fail to appreciate the irony of waving freedom from the housetops while denying the right of Americans to criticize what they see as shortcomings of their government and homeland.
If one can't find something about one's country that can stand improvement, one is very uninformed, very complacent or very dead.
2-20-2008 @ 12:18PM
Greg said...
Sharee, you sure have a sensitive spot there, not that I believe it comes from any abundance of empathy. Neither was I a slave, nor my ancestors. But I know, deep down inside, that it wasn't just a horrible thing. Horrible applies to three dead in an auto accident, not to tens of millions of people held in abject slavery, a hopeless condition of absolute bondage over a period of a hundred years. And when, at last the bondage, a condition made into the law of the land by the Consitiution (do you understand this: the Constitution made slavery the law of the United States until the 13th Amendment was ratified in 1865, 78 years later?) was officially recinded, an unofficial bondage continued for another hundred years, and the effects of that bondage--poverty, discrimination, objective hate--continues to this day.
No, there is no term that describes the appaling situation of nationally condoned slavery that is Americas past and lingers into its present. Certainly "Slavery crap" doesn't do it. Let's try this: The Great American Damning Sin? Clumsy, but perhaps you get the point. When you minimize the sin, pass it off as the sin of our forefathers, relegate it to a brief period of civil unrest in "the 60s" you minimize the suffering of those millions who were actual slaves; the tens of millions who suffered after slavery was recinded. No American can rest untroubled until the last vestiges of slavery are erased from the American picture.
If you can't help, please, at least don't get in the way.
2-20-2008 @ 6:36PM
jim said...
Sharee you told the truth,but at times the the truth can hurt.