You probably won't make it to President Barack Obama's 50th birthday bash Thursday evening, but you could buy him shares of companies that would help him out.
With the United States strapped for cash, first on your list of buys should be shares of Apple AAPL. With a total cash reserve of $75.876 billion at the end of June, Apple has a higher cash balance than the U.S. Department of Treasury.
Perhaps by holding shares of Apple, Steve Jobs's business genius will rub off on President Obama and the US will start running a surplus again.
Some have argued that the last time the federal government had a real budget surplus was 1969, but according to the Congressional Budget Office, the last surplus was in fiscal year 2001.
At the end of 2000, President Clinton said the US would be debt-free within a decade. Maybe it would have been if we would have had a President Jobs.
Sticking with the money theme, the next stock to buy could be Hewlett-Packard HPQ. Federal Reserve Chairman Ben Bernanke is going to need some help printing money and Hewlett-Packard's Imaging and Printing Group segment would help in creating crisp, authentic-looking FRNs. Hewlett-Packard also hit its 52-week low Wednesday, so Obama might be getting in at just the right time.
No matter which way you lean politically, you have to admit that being President of the US is the most stressful job in the world. Presidents seem to age as man's best friend does--seven years for each year--when in office. You could go for men's beauty products, but President Obama would surely prefer shares of Nike NKE.
President Obama loves to play golf and shoots a mean game of POTUS, so reward him with shares of the world's biggest sporting-goods company. Nike also increased its 2015 revenue target in June to $28-$30 billion from its previous target of $27 billion announced in May 2010. Nike shares have also weathered the recent downturn in stocks, down less than 2% over the past five trading sessions.
Happy 50th Birthday, Mr. President.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsTrading IdeasGeneralAppleComputer HardwareConsumer DiscretionaryFederal Reserve Chairman Ben BernankeFootwearHewlett PakcardInformation TechnologyNikePresident Barack Obama
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in