john mccain posts

Feed

McCain stock: Pro-growth strategy for CenturyTel (CTL)

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.

"A President McCain will be pro-growth but should be more aggressive in oversight as it pertains to mergers and acquisitions; with that being said, we like CenturyTel Inc. (NYSE: CTL)," says Kelley Wright, editor of Investment Quality Trends.

"CTL provides a variety of communications services to 25 states in primarily rural area and small to mid-size cities.

"The company offers local and long distance services, as well as enhanced voice services, as well as high-speed and dial-up Internet.

"In June the company increased its annual dividend to $2.80 from $0.27, reflecting its confidence in their growth model and as a deterrent to possible suitors.

"The blue-chip stocks that we recommend, including CTL, show exemplary long-term dividend growth, a P/E ratio of 15 or less, a payout ratio of 50% or less, debt of 50% or less, and technical characteristics on the daily and weekly charts that suggests the potential for imminent capital appreciation.

"Currently yielding almost 7.0%, CTL offers tremendous value in both dividend yield and the potential for long-term capital appreciation."

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.

Memo to McCain: Replace Palin with Romney

John McCain has made several unexpected moves during his campaign. For instance, he picked Alaska Governor Sarah Palin as his vice president. After an initial surge of support, her charming personality has given way to revelations about her lack of familiarity with the issues and Troopergate -- which led a bipartisan committee to conclude that she violated an Alaskan law prohibiting abuse of power. Now McCain may be questioning whether this maverick move hurt him more than it helped.

McCain also decided to suspend his campaign last month to deal with the financial crisis. Coincidentally, this decision came just a few days before McCain was to debate his opponent during a week when he was down in the polls. As it turns out, McCain resumed his campaign in time for the debate but without fixing the crisis. Did this maverick move strengthen McCain's image as a strong, effective leader?

At the end of a week in which the S&P 500 fell over 18%, more than it ever has in any previous week in history, some in the Republican party are questioning whether McCain's campaign is functioning as well as it could. Former Massachusetts governor, Mitt Romney, has suggested that what McCain needs is a "broad vision of how he would lead the country through the economic crisis," according to the New York Times. This comment suggests a maverick move that McCain could take to revive his chances: replace Palin with Romney.

Continue reading Memo to McCain: Replace Palin with Romney

McCain stock: Shaw Group (SGR) goes nuclear

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.

"John McCain has said that nuclear power must be part of a plan to address climate change and reduce our dependence on foreign oil; to benefit from this plan, buy Shaw Group (NYSE: SGR), which constructs and maintains nuclear power plants," says Paul Tracy in his Street Authority Market Advisor.

"Today, nearly half of U.S. electricity is created via conventional coal-fired plants. This made sense for us for decades -- coal is so cheap and plentiful here that the United States is often referred to as the Saudi Arabia of coal.

"However, in the past few years, the tide of public sentiment has shifted against the energy source. Primarily this is due to the emissions created by burning coal for electricity.

"In addition to the well known release of carbon dioxide, coal emissions also contain traces of mercury. On top of that, the rise of China and other emerging markets has led to higher costs for coal.

"So with a public that is increasingly interested in alternative sources of electricity and a president who is committed to increasing nuclear power usage, the companies that build and maintain nuclear plants sit in the perfect position to benefit.

"In particular, I think Louisiana-based Shaw Group is a stock to watch. SGR's largest end market is the construction and maintenance of power plants, including both plants fired by fossil fuels and nuclear facilities.

"The company also owns a 20% stake in Westinghouse Electric, one of the world's leading designers and builders of nuclear power plants.

Continue reading McCain stock: Shaw Group (SGR) goes nuclear

McCain stock: Mining gains with uranium miner USEC (USU)

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 McCain is elected, we would suggest USEC (NYSE: USU); after slumbering for over 20 years, nuclear power is quickly emerging from hibernation and will be satisfying a much larger percentage of the nation's energy-hungry appetite during McCain administration," says value investor Nathan Slaughter, editor of Half-Priced Stocks.

"Currently, there are 104 nuclear plants in operation nationwide, which combined, account for 20% of the country's electricity. But both of those totals are set to rise markedly. Current forecasts suggest nuclear facilities could double their share and ultimately account for 40% of power in the U.S.

"There are several factors underpinning this resurgence in nuclear energy, not the least of which is $100 per barrel oil and elevated prices for natural gas and coal.

"Believe it or not, one kilogram of uranium-235 has the stored energy equivalent of 1,500 tons of coal. And while up-front construction expenses can be high, ongoing operating costs for nuclear reactors are running just $15-20 per megawatt hour, far cheaper than traditional plants.

"John McCain is an outspoken champion for the nuclear power movement, outlining ambitious plans to commit $315 billion towards the construction of 45 new reactors over the next two decades.

"Beyond that, he has a clear goal of achieving energy independence by building '100 new plants to power the homes and factories and cities of America.'

"All of this spells plenty of opportunity for USEC, owner of the nation's only uranium enrichment facility. The company is in the business of supplying fuel for commercial reactors around the world -- and competition is sparse.

"The firm also benefits from a longstanding nuclear non-proliferation treaty with Russia. Specifically, USEC participates in the salvaging of old Soviet nuclear warheads under the 'Megatons to Megawatts' program.

"The company has carved out a dominant market share and now supplies about half of the nation's enriched uranium (most of the rest comes from Russia).

Continue reading McCain stock: Mining gains with uranium miner USEC (USU)

McCain stock: Defense play with General Dynamics (GD)

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.

"The GOP is traditionally known as the party that spends more on defense; thus, if McCain wins the election, one stock to benefit would be defense firm General Dynamics (NYSE: GD)," says John Reese, editor of Validea, which follows the strategies of "legendary" investors such as Warren Buffett and Peter Lynch.

"While McCain has talked tough about reforming the defense budget, he has also pledged to increase the size of the military, modernize the armed services, and push hard for strong missile defense systems -- all of which require serious spending.

"As a major producer of battle tanks and assault vehicles, armaments and munitions, battleships and nuclear submarines, and military information technology systems, this Virginia-based firm is thus likely to have quite a bit of work on its hands during a McCain presidency.

"Just as importantly, General Dynamics' finances and fundamentals are very strong, earning approval from both my Peter Lynch and Warren Buffett-based Guru Strategies -- computer models that are each based on the approach of a different investing great.

"Because of its moderate 18.14% long-term growth rate and huge annual sales of $28.7 billion, General Dynamics is considered a 'stalwart' by my Lynch strategy, the type of large, steady firm that Lynch found offered protection during downturns or recessions.

"Two big reasons my Lynch model is high on this stalwart: its yield-adjusted P/E/Growth ratio of 0.75, which signals that the stock is a bargain right now, and its 18.79% debt/equity ratio, a sign that GD has the conservative financing Lynch liked to see."

My Buffett-based model, meanwhile, likes General Dynamics' consistency. Over the past decade, its EPS have declined just once, rising from $1.46 to $5.10 in that time.

"The company's annual return on equity -- a figure Buffett used to find firms with the 'durable competitive advantage' he famously prizes -- has been at least 16.4% every year.

"GD has also retained $22.30 in per-share earnings in the past decade while increasing EPS by $3.64, showing it can earn investors a 16.3% return on the earnings it keeps. That's a sign of the strong management Buffett is also known to look for."

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.

McCain stock: Go for gold with SPDR Gold Trust (GLD)

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.

"Our pick to profit from a McCain-Palin victory in November is the SPDR Gold Trust (NYSE: GLD), an exchange-traded fund that is designed to reflect the performance of the price of gold bullion," explains Nate Pile, editor of Nate's Notes.

"We would buy gold in order to hedge ourselves against what we expect would be a heightened sense of uncertainty that foreign investors would express (at least initially) if the hard-to-predict 'mavericks' take the helm.

"I also continue to believe that we are still in the early stages of what will prove to be a multi-year boom for commodities, and much of the selling we have seen in gold appears to be for primarily emotional reasons.

"The recent strength of the dollar may partially explain the drop in gold, but for the most part, I think we have simply been witnessing some good old-fashioned panic selling.

"Unlike some other ETFs that invest in precious metals via the buying and selling of futures contracts on the underlying commodities, SPDR Gold Trust (formerly known as the streetTracks Gold Trust) actually buys and sells gold bullion, and each share of the Trust represents approximately 1/10th of an ounce of gold.

"However, while there are certain benefits to actually owning gold itself (as opposed to a derivative contract associated with the commodity), investors need to be aware that gold is considered a 'collectible' by the IRS, and thus investing in this ETF can result in a higher tax rate being applied to any gains that are achieved.

Continue reading McCain stock: Go for gold with SPDR Gold Trust (GLD)

McCain stock: Stick with dividend growers

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 John McCain wins, there's a greater likelihood the reduced-dividend and capital gains tax rate will be extended; in that case, I would favor a tax-advantaged fund such as the Eaton Vance Tax-Advantaged Dividend Income Fund(NYSE: EVT)," says Carla Pasternak in High Yield Investing.

"Eaton Vance Tax-Advantaged Dividend Income Fund has a solid tax-advantaged yield of more than 11%, of which the entire 2007 amount qualified for the reduced dividend tax rate of up to 15%.

"EVT focuses on strong dividend-growers and undervalued stocks with room to move. About 80% of the fund's holdings are in common stocks, with the rest of the portfolio in high-yielding preferred shares.

"Top holdings include oil giants Chevron and ConocoPhillips, as well as utilities like Edison International and dividend stalwart Philip Morris.

"The fund does have large exposure to the financial sector, as it accounts for about 20% of the portfolio. Due to the turmoil in the sector, EVT has seen its share price sink amid the credit crisis.

"While we can't be sure of when the crisis in the financial industry will subside, we can be assured this fund will benefit once things turn around. Meanwhile, investors are able to lock in a juicy double-digit yield.

"Investors seeking international exposure will also do well with this fund. Less than half (45%) of the fund is invested in the U.S. The remainder is spread evenly across Europe's major economies, including Germany, the U.K. and Finland.

"With a solid record for dividend growth, and selling at a steep discount of about -20% to the value of its underlying portfolio assets (meaning investors can pick up a dollar's worth of assets for only 80 cents), EVT might be attractive no matter who assumes the presidency.

"However, due to its tax-advantaged nature, having a Republican in the White House who favors keeping the current reduced-dividend tax would be a direct benefit to EVT investors."

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.

Obama, McCain both want Warren Buffett as Treasury Secretary

One of the few things that Barack Obama and John McCain agreed on during last night's televised debate was that billionaire Warren Buffett would make a good Secretary of the Treasury.

Odds are that the universally respected Buffett won't take the job. Why does he need the headache at this point in his life? Besides, he may not be the type of government official investors would like. Much to the horror of political conservatives, the Oracle of Omaha is backing Obama. He has come out against such bedrock Republican principles as abolishing the so-called death tax on inherited wealth. The financial disclosure requirements alone probably are enough to scare Buffett away from government service.

To counter Obama's Buffett card, McCain said that former eBay Inc. (NASDAQ: EBAY) CEO Meg Whitman might be the right person for the job. I guess no one mentioned to the Arizona senator the massive layoffs planned by the online auctioneer. Interesting how another McCain supporter, ex-Hewlett Packard Co. (NASDAQ: HPQ) Chief Executive Carly Fiorina, did not merit consideration. Given her disastrous tenure, it's no wonder.

Another good potential Treasury Secretary neither brought up is Michael Bloomberg. The founder of Bloomberg LP (where I worked for seven years) clearly knows the markets. He's rich and has shown savvy in navigating New York City's political landmines that Washington should be a walk in the park. Too bad he's got his heart set on a third time as mayor.

Continue reading Obama, McCain both want Warren Buffett as Treasury Secretary

Should the government buy homes heading to forclosure?

During last night's presidential debate (which he lost badly) Republican John McCain vowed that if elected he would order the U.S. Treasury Department to purchase "bad mortgages" to help people avoid foreclosure. It's an idea that deserves consideration.

According to Bloomberg News, the McCain campaign estimates that it would cost $300 billion, some of which would be diverted from the $700 billion rescue of Wall Street. The Arizona senator did not provide specifics during the debate. Democrat Barack Obama proposed a similar idea during a press conference last month, according to Bloomberg. These proposals raise many questions.

First of all, can the government afford to purchase both mortgages and mortgage-backed securities? How will the government determine who gets help? Many people bought homes they could not afford because of criminally lax lending standards at some banks. Others were hoodwinked by unscrupulous mortgage brokers into taking adjustable-rate mortgages when they qualified for cheaper fixed-rate 30-year loans. These individuals are the most deserving of the government's help. Officials should try and help other distressed mortgagers provided that they can afford their properties. Otherwise, they should be given assistance to find affordable housing.

Continue reading Should the government buy homes heading to forclosure?

McCain stock: A China policy pick, Lonking Holdings (CIMHF)

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.

"I expect that if McCain gets elected he will not alter the U.S. policies toward China and therefore the country will continue to move ahead with its economic modernization plans; Lonking Holdings Limited (OTC: CIMHF) stands to benefit tremendously from this plan," says Yiannis Mostrous in his The Silk Road Investor.

"China's main focus is the improvement of the economy's infrastructure. The theme fit well what international developmental agencies have been estimating, namely that more than US$600 billion will be spent improving living conditions in Asia, home to a third of the world's population.

"China and India are at the forefront of such efforts, with Indonesia, Thailand, the Philippines and Vietnam right behind. Roads, railways, airports, power production, electricity supply, clean water and waste management are all on the to-do lists.

"China, leading the way on roads, railroads and energy, is now in the construction phase of a 30-year, 85,000 kilometer expressway project. It's also building a railway that will link China's east and west for the first time, and China and other Asian countries are in the planning stages of a trans-Asia rail link.

Continue reading McCain stock: A China policy pick, Lonking Holdings (CIMHF)

John McCain, losing ground, goes for broke tonight

Republican John McCain has failed to convince the majority of Americans that Barack Obama is a tax-and-spend liberal who lacks the intestinal fortitude to face our country's enemies. In a show of desperation, the Arizona Republican and his running-mate Sarah Palin are now trying to link Obama with former Weathermen leader William Ayers, even though the New York Times and other news organizations have pointed out that the two men knew each other casually. That's why tonight's debate in Nashville is critical.

McCain, who is favored by many investors, is facing some pretty daunting odds. According to the latest NBC News/Wall Street Journal poll, 49 percent of voters said they would vote for Obama compared with 43 percent for the Arizona senator. That's up from a two-point advantage two weeks ago and mirrors other polls, according to the Journal. To be fair, the survey does have a margin of error of plus or minus 3.8 percentage points. Obama has wiped away McCain's lead with independent voters.

Investors should not underestimate the anger in the hearts of voters. The credit crisis has wiped out tens of billions of dollars in value to the retirement nest eggs of the American people. Most people don't understand why the government needed to extend a $700 billion lifeline to the financial services industry. They become even angrier when three former chief executives of American International Group Inc. (NYSE: AIG) blame one another like a bunch of two-year-olds for the firm's collapse. The Dow Jones Industrial Average dropping below 9,500 scares them even further.

It is against this backdrop we are holding this election. Obama has been able to convince voters, including this one, that he can deliver tax relief for the middle class. But Democrats should not rejoice quite yet. McCain excels at these town hall meetings. Moreover, some of Obama's support in polls comes from people who are too embarrassed to admit that they don't want to vote for an African-American candidate.

Americans crave leadership during these times of economic crisis. Since Wall Street has failed to provide, it's unfortunately up to our elected officials.

McCain stock: Seismic firm CGG Veritas (CGV) shows where to 'drill, drill, drill'

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.

"One stock that could get a November bounce should McCain win is seismic firm CGG Veritas (NYSE: CGV); the Republican mantra has been 'drill, drill, drill' and this company helps find out where to do that," says Bill Martin in his BullMarket.com.

"If McCain wins office and is able to get Congress to pass his drilling initiatives for offshore drilling (one stronger than the bill that was just recently passed by Congress), the first step will be to find where exactly this oil is located.

"That is where French seismic company CGG Veritas comes in. It calls itself 'the world's leading international pure-play geophysical company.' The company was born in January of 2007 as the result of a merger of the former Compagnie Générale de Géophysique and Veritas DGC.

"The company provides seismic data and services to the oil and gas industry, and manufactures seismic equipment through its Sercel subsidiary for sale to other seismic companies.

"The company conducts seismic surveys on a contract and multi-client basis. The job entails acquiring, processing, and interpreting land and marine seismic data, and producing images of the subsurface in multi-dimensional and multi-component formats.

"Those pictures are used to identify new oil and gas structures and manage existing reservoirs. It also has up to 40 land-based teams that can be put in the field and can work in a variety of terrain.

"With CGG Veritas's stock beaten down -- despite solid earnings and guidance -- and trading at an attractive valuation, a McCain win could be the cure to its recent ills."

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.

McCain stock: Israel's Elbit (ESLT) aids in defense

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 John McCain becomes president, look to Elbit Systems (NASDAQ: ESLT); this company is one of Israel's top defense companies," explains high-technology and science-focused sector stock specialist Gregg Early in his The Real Nanotech Investor.

"Elbit is well respected throughout the world for its skilled work in a variety of defense sectors. It has significant operations in North America, Europe and, of course, the Middle East and the sub-continent of Asia.

"Its big growth sectors now are UAVs for defense/intelligence work and hardware and software upgrades for aircraft and helicopters, the latter being a core to the company's business for years.

"With the global economy slowing down, many nations prefer to hang on to their aging equipment rather than buy new, expensive fleets, train pilots and retrain all the service and maintenance workers.

"This company is already growing but a President McCain, who's a former military man and who sees the strategic value of our close ties with Israel as a fulcrum in the Middle East, would likely find key companies in the region to reward as an example of what cooperation with the U.S. can do. And defense is the best place to start."

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.

Grandstanding: McCain mentions Buffett as pick for treasury secretary

In an interview with Reuters, Senator John McCain mentioned Warren Buffett and former eBay (NASDAQ: EBAY) CEO Meg Whitman as possible choices to succeed Hank Paulson as Treasury secretary: "I think it would be someone that Americans would recognize that would inspire trust and confidence. There's people like (Cisco chief executive) John Chambers, there's people like Meg Whitman, there's people like Warren Buffett."

That certainly would be interesting as, in addition to being the greatest financial mind in the world ever, Buffett is also a hardcore Democrat and a supporter of Senator Barack Obama.

It's also almost inconceivable that Buffett would leave Omaha and Berkshire Hathaway (NYSE: BRK.A) to go wrestle pigs in Washington. Buffett's pledge of substantially all of his fortune to the William and Melinda Gates Foundation demonstrates his commitment to charity and improving the world but there is nothing in Buffett's history to indicate he would want to spend his days devoted to matters of public policy: he enjoys investing.

So why would McCain bring it up? He probably just wants to look more competent and open-minded on matters of economic policy -- and name-dropping Buffett is easy because he knows nothing will ever come of it.

The U.S.'s journey to economic recovery begins this fall

Falling stock market; massive credit market stress; bankers reluctant to lend; bank defaults; companies cutting back investment / plant expansions; large budget deficit; large trade deficit; falling currency; stagnant economy; rising unemployment; high cost of food, energy; and a large portion of the public stating that the nation is on the wrong track, economically.

If you think the U.S. economy is presently mimicking that of a third-world country in the 1970s, you're right.

The United States, after nearly a decade of policy errors and business / consumer mistakes, is in its worst condition economically since the stagflation-plagued 1970s, but with credit market problems that dwarf that era's financing challenges.

In a time like this, when new, negative data points occur almost daily, it's difficult to pinpoint when the turning point will occur. But one may occur in as little as four weeks. Are there economists out there who are doubling as soothsayers? No, it's merely the U.S. Presidential and Congressional election, so says economist Richard Felson.

The first order of the day is financial market stabilization. If the U.S. House of Representatives goes along with the U.S. Senate and approves the rescue bill, that's step one toward financial market stability, Felson said. Add ons / companion public programs will further bolster lender and corporate confidence that the credit markets are not going to go the way of the Edsel, he said.

Continue reading The U.S.'s journey to economic recovery begins this fall

< Previous Page | Next Page >

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 11:51 AM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338220281522 ms.