Posted on 06/19/2007 7:20:20 AM PDT by jdm
One of the ideas behind Stockpickr.com is to allow investors to peek inside the portfolios of the big financial guns to see what stocks they like. Although they wouldn't be considered financial gurus, the Clintons recently liquidated their blind trusts, and we took note.
The Bill and Hillary Clinton portfolio on Stockpickr lists the 25 largest stock holdings liquidated by the couple's blind trust, with each holding representing an investment of more than $100,000 each.
The flurry of recent news items about former president Bill Clinton and presidential candidate Hillary Rodham Clinton's blind trust have focused on the reason why they chose to liquidate the stock portfolio: To avoid any look of impropriety. Everyone has an opinion on it, but we at Stockpickr were more interested in the actual stocks they owned.
Some of the stocks in the Clintons' portfolio were of the type that many might find surprising, for example Raytheon (RTN - Cramer's Take - Stockpickr), BP (BP - Cramer's Take - Stockpickr) and Exxon Mobil (XOM - Cramer's Take - Stockpickr). No matter your political leanings, you might elect to contribute funds toward some of their previous stockholdings.
One stockholding that Clinton advisors say the Clintons would not have chosen themselves is Cisco (CSCO - Cramer's Take - Stockpickr), which, according to The New York Times, has moved U.S. jobs to India.
However, this network equipment manufacturer has a price-to-earnings of 24 and was recently added to the portfolio of Moore Capital, a group of hedge funds run by famed trader and fund manager Louis Bacon, the signature fund of which has generated an average annual return of 24% since 1990.
Moore Capital owns several stocks the Clintons owned, including Home Depot (HD - Cramer's Take - Stockpickr). This home improvement retailer has a P/E of 14 and a yield of 2.4%. Another stock that Moore Capital and the Clinton blind trust both owned is Yahoo! (YHOO - Cramer's Take - Stockpickr).
The Clinton's largest biotech holding was Biogen Idec (BIIB - Cramer's Take - Stockpickr), a Cambridge, Mass.-based company that develops oncology, neurology and immunology therapies. During the last two years, the stock has increased by more than 42%. This stock made a recent list of Stockpickr's Top 10 Insider Purchases and Buybacks because of its recently announced $3 billion buyback.
The Clintons -- or at least their advisors -- may have liked this share-buyback strategy because this portfolio also lists Wal-Mart (WMT - Cramer's Take - Stockpickr) -- due to its $15 billion stock buyback program -- a stock that happens to be another one in the Clinton portfolio. The retail behemoth recently announced that it will cut capital spending and pare back its store growth. Wal-Mart also has received several upgrades lately and may be starting to shed some of the doom and gloom surrounding its stock.
For the rest of the 25 stocks the Clintons liquidated from their blind trust, check out the Bill and Hillary Clinton portfolio on Stockpickr.com.
To find out the stock holdings of the presidential hopefuls and other politicians, check out these portfolios:
Stocks that Giuliani Partners was involved with at one point or other
Top Holdings of Democrats and Republicans in Congress
Ron Burkle's investment fund. Bill Clinton was a partner until he stepped down just recently
But, but, but... I thought oil company profits were evil....EVIL!!!!
The obvious question to me is, “How ‘blind’ was this trust, really?”
They may be hypocrites, but they are not stupid when it comes to THEIR money.
E x a c t l y
If 900 FBI files can be had...
... and if someone who know jack about commodities can make $100,000 on a small investment in a short time ...
The governor's wife didn't know Jack, but she knew Jim Blair, a top lawyer for Tyson Foods and he knew Red Bone, the commodities trader.
She sold short cattle futures on margin in intraday and overnight trades, and at times while her calendar showed her traveling. She said she was just reading the Wall Street Journal.
And of course Refco's records magically disappeared.
Matched trading with post-trade allocation of winners and losers? Nah, she just beat the millions to one odds. After all, this woman who flunked the DC bar is the smartest woman in the world.
No one in Arkansas would even think of something like that. < /sarc>
The reason I will never touch Tyson chickens in the supermarket.
Or enter a Wal-Mart. Not for the reasons the libs will boycott them, but if not for the corruptionists like Tyson and Walton, we would never have had to endure eight years of Clinton in the White Animal House, of have to even think about Hildebeest's Senate Seat or Presidential candidacy.
I’m surprised that she hasn’t gone back to trading cattle futures.
Remember when she turned $1,000 into $100,000 in a short time with a trading company that was supporting Slick Willy.
Why anyone would stop that when they had such a flair is beyond belief—or maybe the trades were beyond belief. I forget.
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