This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bloomberg, Intel Chief Reveal Presidential Endorsements

Stocks in this article: HD INTC CSCO SBUX

NEW YORK ( TheStreet) -- Barack Obama and Mitt Romney announced heavy-hitting endorsements Thursday from a slew of former and current business giants.

As the candidates approach the final weekend before the presidential campaign, their teams looked to beef up their business cred during a tough economic stretch for American voters who have yet to make up their minds.

Notable businessmen who have endorsed Romney included, JetBlue (JBLU) founder David Neeleman, Intel (INTC - Get Report) CEO Paul Otellini, Cisco (CSCO - Get Report) CEO John Chambers and Sun Microsystems co-founder Scott McNealy, among others.

Home Depot (HD - Get Report) co-founder Bernie Marcus also made clear he's in favor of Romney.

"There is no way we could start and grow today what we built in 1978 when we founded The Home Depot," said Marcus in a statement. "We didn't have the anti-business attitude that we have today in this administration, as factors such as higher taxes and Obamacare prohibit job growth in American companies."

President Obama is not without his own big endorsements from major business leaders. Starbucks (SBUX - Get Report) CEO Howard Schultz announced his support on Thursday of the incumbent, as did New York City Mayor Michael Bloomberg

"If he listens to people on both sides of the aisle, and builds the trust of moderates, he can fulfill the hope he inspired four years ago," Bloomberg wrote in a statement. "And that's why I will be voting for him."

"I think Obama has shown significant leadership, the kind of stewardship of the economy in the country and world affairs that he deserves to be reelected," Starbucks's Schultz said Thursday on CNBC.

Businessman Charles Schwab, who founded Charles Schwab Corp. (SCHW) also offered an endorsement of Romney, as he said he believed the former Massachusetts governor had a plan that would help small businesses.

Polls suggest a tight race to the finish for the presidential candidates, and more than a handful of battleground states remain in question, which means Tues. Nov. 6 looks like anyone's election to win.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs