James Altucher, managing partner of Formula Capital recently sat down with Aaron Task over at Tech Ticker to discuss stocks poised to benefit from an Obama Presidency, now that we know he will for sure be in office. Altucher mentions he likes agriculture and infrastructure and seems them both as very cheap. Specifically, he likes Mosaic (MOS) and KBR (KBR). Also, he mentioned to check out closed end municipal bond funds, seeing how he anticipates Obama to raise taxes on dividends. Lastly, Altucher was not all that bullish on alternative energy, claiming, "The second there is an alt energy bill, oil will fall to $40 -- then we don't need it anymore." You can check out his thoughts here.
Thursday, November 6, 2008
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