Displaying items by tag: biden

(New York)

How about some stocks with good income that should stand up well to the coronavirus scare? Sounds good. Well, take a look at the most obvious sector for such: healthcare. Healthcare stocks have great dividend yields right now and should be impervious to coronavirus by definition. Plus, they have a tailwind that only really arrived yesterday—a resurgent Joe Biden, who does not want to tear up the status quo of US healthcare. A couple good funds for this are the SPDR XLV or HGHAX.

FINSUM: This seems like a very good call—good income and a natural defensiveness to the virus scare. Plus, Biden’s resurgence should be positive.

(Washington)

Whether you are a Democrat or a Republican, the ongoing “reporting issue” with the Iowa Caucus is highly embarrassing. Democrats were unable to report a winner after voting closed last night because of irregularities in reporting. The party’s new app, which voters and reporting areas used, did not fail. Nonetheless, there were inconsistencies and reporting issues (e.g. phone lines were down). Candidates were unable to comment on their success or failure, save Pete Buttigieg, who declared victory.

FINSUM: Trump jumped all over this, as one would expect. It does not look good for Democratic competence to have a big screw-up on their first trip out of the gate in 2020.

(Washington)

If you are hoping a middle of the road Democrat wins the party’s bid, then yesterday’s poll is an alarming one. In a new CNN poll, Bernie Sanders completed a 9-point swing to overtake Joe Biden by 3% in polls of Democratic voters. He rose a full 7 points to 27% support versus Biden’s fall of 2% to 24% overall. The first votes for the candidacy start on February 3rd in Iowa and February 11th in New Hampshire.

FINSUM: Purely looking at this from a political perspective, we think it is hard to say which candidate has the best odds of beating Trump. On the one hand, Biden can certainly capture more of the centrist voters, but on the other, Bernie is a much more realistic embodiment of the current Democrat party and could galvanize its identity to voters.

(Washington)

Joe Biden’s bid for the presidency has already been an interesting one. His campaign launched with a lot of attention and support and then faded for awhile, only to hold surprisingly steady since. He doesn’t get as much focus as Warren and Buttigieg, but he has a sustained following. Now it looks like he might jump ahead in the polls. Biden has had decent support from the African-American community and with Kamala Harris ending her campaign, he is likely to get her substantial following behind his own bid.

FINSUM: Harris was carrying about 3.7% support among Democrats. Most of that will likely go to Biden, helping his chances.

(Washington)

Whichever side of the political aisle you are on, the new polls coming out about the 2020 presidential election look misleading. A new Gallup poll released this week showed that Biden has a 54% to 38% lead over Trump. Furthermore, the poll found that any of the 5 top Democratic contenders would beat Trump in the election were they to win the bid. Additionally, 37% of voters reported that they felt the economy was worsening versus 31% who said it was improving, the first time recently that Americans have been pessimistic about the economic outlook.

FINSUM: The polls don’t seem to be doing justice to how close this election feels. They just don’t reconcile for us. That said, the numbers on economic sentiment are quite interesting.