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Shares of Companies Whose CEOs Dine With Obama Outdo S&P 500

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THROW AWAY YOUR CHARTS
DailyFeed
For all you analysts and traders poring over your charts and research reports, stop right now.

Nicholas Johnston at BusinessWeek reports:

Since becoming President, Barack Obama has held seven lunches with small groups of chairmen and chief executive officers, including Jeff Bezos of Amazon.com, Ken Chenault of American Express, Ursula Burns of Xerox, and Howard Schultz of Starbucks.

In four of the lunches, the guests' companies, as a group, outperformed the Standard & Poor's 500-stock index 30 trading days after the repast. In two cases, the groups' shares underperformed the S&P 500 a month after lunch with the Commander-in-Chief. Altogether, the six lunch groups outdid the S&P by more than two percentage points. Thirty days haven't elapsed since a seventh lunch held on July 1.


However, it looks as if the trend will continue:

On July 1 he lunched on a patio outside the Oval Office with the heads of Walt Disney, Ford Motor, Comcast, and Archer Daniels Midland. Thirteen trading days later, as of July 20, their companies' shares had risen an average of 9.3 percent vs. 4.8 percent for the S&P.

Who needs Ben Bernanke when a simple brunch works just as well?
POSITION:  No positions in stocks mentioned.
TAGS:  OBAMA, S&P, WINNAH!    SOURCE:   BusinessWeek

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