Hillary Clinton marked her biggest fundraising month to date in August, raking in a record $143 million for her campaign and the Democratic Party. Hillary-friendly stocks, however, haven't had as strong a showing.
The Hillary Clinton Stock Portfolio, a set of 15 stocks TheStreet has identified as having a potential to prosper under a Clinton presidency, fell by 0.97% from market close Friday, August 26 to market close Friday, September 2. Since we began tracking the portfolio in July, it has declined 2.71%.
August was relatively quiet for Clinton, who spent much of the month making local appearances and hosting fundraising events. Over the weekend, Clinton unveiled a new campaign plane and began traveling with her press pool. As she marches towards the debates and Election Day in November, things are about to speed up. At the same time, her opponent, Donald Trump, has made up much ground in the polls.
Here's a look at how the stocks in her portfolio have been doing in recent days.
HCA Holdings (HCA) - Get Report was the top performer in the Clinton portfolio last week, climbing 3.03% to $76.51. The healthcare services company and hospital operator that would benefit from an improved and adjusted Affordable Care Act under a Clinton presidency is up about 11% year-to-date.
Renewable Energy Group (REGI) - Get Report rallied 2.07% to $8.88 at market close Friday, though the stock is still down around 4% year-to-date. The company most recently reported earnings at the start of August, including revenues of $558.3 million and fuel sales of 150.1 gallons, by both measures about 50% better than the same period the year prior.
Shares of Goldman Sachs (GS) - Get Report surged 1.93% last week to $169.18. Last week, Jan Hatzius, chief economist at Goldman, said he believes that a September rate hike by the Federal Reserve is more likely, despite August's disappointing jobs report. The banking giant's stock price has declined by about 6% in 2016.
SolarCity (SCTY) tugged the Clinton portfolio downward. Its price fell 16.19% to $18.48 by market close Friday. The company is set to be acquired by Tesla (TSLA) - Get Report in a $2.6 billion deal. Last week, it was revealed that Lazard, the investment bank advising on the deal, made an error in its analysis discounting the value of SolarCity by $400 million. The news sent the stock downward. SolarCity shares are down more than 60% year-to-date.
U.S. Steel (X) - Get Report fell 4.5% to $18.90, though the stock is still up about 135% in 2016. Good news may be on the horizon for the company -- the International Trade Commission Friday ruled that the American steel industry is being unfairly undercut by steel producers from Brazil, India, Korea and the U.K., which could help companies like U.S. steel in the long-run.
Shares of Smith & Wesson (SWHC) fell by 3.99% to $27.69 at market close Friday. Craig-Hallum reduced its rating to hold from buy on Friday and cut its price target to $33 from $35 even though the company posted better-than-expected results for its 2017 fiscal first quarter. Despite its recent stumble, good things could be on the horizon for the gun manufacturer, perhaps in light of the presidential race. As Bloomberg'sPaul Barrett recently noted, concerns that a Clinton presidency might lead to tighter gun laws may be driving sales.
Here's how the entire Clinton portfolio did last week, leading with the top gainers:
HCA Holdings 3.03%
Renewable Energy Group 3.07%
Goldman Sachs 1.93%
Aetna (AET) -0.43%
Smith & Wesson -3.99%
U.S. Steel -4.50%