It seems like forever that we’ve been waiting for today’s presidential election. So, here we are in the midst of a moment that could put another nail in free markets, state’s rights, religious belief, and America’s greatness.  

The profound notion that somehow successful people are the problem and less successful people should be rewarded is more than stupid. It’s insulting. We all know the real deal. We all know a lot of people that aren’t successful because they haven’t made the effort, the sacrifices, or took the gamble.

I’m not trying to be disrespectful. On the contrary, I love that we can choose our paths, but I hate that those who take the one less traveled and find gold at the end of the trail should have to go on the run from a posse of couch-sitters and their government attack dogs. There is legitimate frustration about how difficult it is to climb the ladder of success these days. Incomes are actually lower now than four years ago. It’s easy to lose faith in the American dream unless you understand America’s history and the history of the world. For those willing to punish their successful neighbors out of envy, it would be wise to know it erodes their own foundation even more.

If you live vicariously through the biggest robber baron in history, the United States federal government, you’re making a giant mistake.

Robin Hood is a great hero in a monarchy-setting, but in this world, stealing from those households earning $250,000 a year is just theft.  

Villain Turned Hero

I guess it’s a theme that never gets old; the villain sees the light and becomes the hero. Over the past weekend, “Wreck It Ralph” crushed the competition to win the box-office. I haven’t seen the movie yet, apparently Ralph saves an arcade from a fate of death that was put into motion while he was still a single-minded game villain. In politics, we don’t often see where someone will switch ideology or political parties. On that note, it is unlikely there will be any surprises from either candidate with the outcome of the election. On the contrary, I think.

Obama II would be "Wreck it Ralph" on steroids, doubling down on existing policies while bringing additional, even more harsh rules and regulations to life.  

There may be inkling inside Romney’s gut to drift to the center, but he would stick to campaign promises, which would be music to the ears of businesses. I would hope he comes in wrecking barriers to prosperity and walls of division that pit American against American based on incomes. At this point, everyone agrees that Romney is good for stocks while Obama is good for bonds.

 

Obama Investment

Romney Investment

Mining

This is perhaps most obvious of all areas. 

Gold

Gold ETF (GLD)

Huge debt coupled with Fed money – printing means monster inflation

Coal

Arch Coal (ACI)

Calling off the EPA would be huge for industry and American jobs

Medical

managed care companies should fare well

Hospitals

HCA Corp (HCA)

Administration brags about all the new clients for insurance companies but hospitals too

Medical Devices

Initiative Surgical (ISRG)

Taxing medical device makers is a giant mistake…means lots of lives will be lost

 

US Dollar

Chairman of Fed under Romney stop printing

Technology

Apple (AAPL)

The weak dollar means big overseas profits for companies with large footprints and growing presence

Travel

Carnival Cruise (CCL)

Stronger dollar means travel plans long put off can be realized

 

Economic Philosophy

People wanting to prosper or wanting to exist

Renter Nation

Rent-a Center (RCII)

The Dropout nation continues that means fewer saving, less commitment living day to day.

Ownership

Kelly Services (KELYA)

More people enter jobs market seeking opportunities to earn and get back to owning.

Energy

There is no doubt fossil fuel in tug of war

Solar

First Solar (FSLR)

There is no doubt a second term would be used to funnel gobs of taxpayer money into solar

Solar

Yingli Green (YGE)

Trade war with China over solar is dumb – real damage from intellectual property theft and currency

Defense

Can we ignore a dangerous world and second amendment

 

Self

Strum Ruger (RGR)

The stock has struggled in face of amazingly great news but second term sends gun demand to record.

National

Boeing (BA)

Company owns McDonnell-Douglas which in turn makes those planes that land on aircraft carriers that Mitt had no idea about

American

Business

Heavy unionized companies

General Motors (GM)

Automakers already have perfect circumstance, 11 year old cars and lots of easy money – but fleet sales help.

US-centric businesses

United Rental (URI)

Company has perfect business model for cautiously optimistic businesses looking to rent/lease equipment.

 

Sharing the Wealth

A smart friend of mine sent me an e-mail yesterday saying he would load up on businesses in general because corporate risk is socialized. I get that notion, bailouts mitigate risks for big businesses and those big ominous banks have only gotten larger. But on that notion, I also think there will be an effort to socialize profits.  

I see a second Obama term coming after profits hard, with more taxes and penalties. I see a second term coming after all that money offshore to establish an infrastructure bank – a source of funding for union members.

It’s wrong to socialize corporate losses and theft to socialize their earnings. Under the idea that no success has occurred in this nation without the government so that money is owed beyond taxes already levied would be a big time agenda item (even more so if Elizabeth Warren won).  The only thing that might stop a full avalanche of socialism under a re-elected president Obama would be tight results and control of the House and or Senate by Republicans, but it would be a serious battle.

Winners…No Matter What

There are some industries that should excel under either candidate. Housing has hit bottom and although 99% of buyers are investors and flippers there are opportunities associated with that space. Lennar (LEN) is well positioned to do well.

In addition Hurricane Sandy will help environmental companies along with a general green push that nobody finds offensive if done intelligently. Clean Harbors (CLH) is well positioned even before Sandy to be a great stock to own in a 401K.

And then there are Wall Street firms that will come out of their bunkers once Dodd-Frank and Basel III are complete. Yes, their earnings power will be diminished but Goldman (GS) and JP Morgan (JPM) will find a way to grow bottom lines (sadly the biggest victims will be Main Street which has already suffered mightily).

Charles Payne, a FOX Business contributor, is president of Wall Street Strategies. At the time this article was published he, his firm and/or his family owned shares of Apple.

Charles Payne joined FOX Business Network (FBN) in October 2007 as a contributor.