This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.
"If Obama wins, we would seek to profit from his plans to increase infrastructure spending; we would suggest investing in the Industrial Select Sector SPDR (NYSE: XLI)," says fund expert Doug Fabian in his Successful Investing.
"One sector that I think will perform well if Obama wins the election is industrial infrastructure. The Democratic candidate repeatedly has said that the nation needs to rebuild its aging infrastructure, including bridges, the power grid and our water delivery and reclamation system.
"I think there will be a lot of federal money doled out to the states for this purpose if Obama is president -- especially if the Democrats gain seats in Congress.
"One way to play this likely increase in infrastructure spending is via the Industrial Select Sector SPDR, an exchange traded fund focused solely on this area.
"This ETF includes companies from the following industries: building products, construction, engineering, electrical equipment and conglomerates.
"This fund normally will invest at least 95% of its total assets in common stocks that comprise the Industrial Select Sector Index."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
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Reader Comments (Page 1 of 1)
10-06-2008 @ 1:50PM
Dennis Smith said...
Stock market tumbles even after BIG bailout -- and you expected? The only thing the bailout did was to reimburse the fat cats who lost their wad by speculating in the toxic real estate/loan bank markets. Sure sounds like Replican times to me ... here we go again [no kidding] and "they" said 1929 could never happen again! Too many folks out there taking Machiavelli's "Prince" way too much to heart!
10-06-2008 @ 1:56PM
Robin Oden said...
PRINCETON, NJ -- Barack Obama leads John McCain among registered voters across the country by a 50% to 42% margin in Gallup Poll Daily tracking from Oct. 3-5, the tenth straight day in which Obama has held a statistically significant lead.
This ten-day stretch of a significant Obama lead is the longest since he became the presumptive nominee back in early June, and the longest for either candidate at any point in the campaign. Today's result includes interviewing conducted Friday through Sunday, after the Oct. 2 vice presidential debate between Gov. Sarah Palin and Sen. Joe Biden, and after Friday's passage of a revised economic rescue plan to help alleviate the Wall Street financial crisis.
The results suggest that neither of these events had a significant impact on voter preferences.
Looked at broadly, Obama's percent of the vote has been within a very narrow range of 48% to 50% over the last ten days, and McCain's has been within an equally narrow range of 42% of 44% over the same time period. These results suggest that aside from normal sampling error, the underlying dynamics of the race have become quite stable, and underscore the degree to which there has been little meaningful change in the race in well over a week.