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NEW YORK ( TheStreet) -- Politics is overrated as a way to predict stock performance, Jim Cramer told "Mad Money" viewers Monday on the eve of the presidential election.
What really matters to stock prices, he said, is management and a company's business model, not who happens to occupy the White House.
When it came to technology, both Hewlett-Packard (HPQ) and IBM (IBM) made the decision five years ago to focus less on hardware and more on software and services. Yet, IBM shares are up 75% since then while Hewlett lost 71% during the same time. Why the difference? Execution and management.During the Obama administration, Apple (AAPL), a stock Cramer owns for his charitable trust,
The Difference Is CarbonWhile both presidential candidates want America to become energy self-sufficient, only one thinks we should do so with fossil fuels, Cramer told viewers -- which is why if you think Mitt Romney will pull off an upset Tuesday, there's a whole host of stocks they should consider buying. The difference between the candidates comes down to carbon. Obama hates it, while Romney feels we need energy independence by any means necessary, which means using more coal and oil along with natural gas as a surface fuel. That's why Cramer said Romney investors should consider stocks like Peabody Energy (BTU) and Arch Coal (ACI) in the coal patch, along with Schlumberger (SLB) and Halliburton (HAL) in the oil patch.
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