The Democratic National Convention garnered Hillary Clinton a bump in the polls -- and perhaps contributed to the boost in stocks that stand to do well should she reach the White House.
The former secretary of state formally accepted her party's nomination for the presidency last week at the close of a four-day celebration in Philadelphia.
Widely regarded as a success (even by many Republicans), the convention appears to have given Clinton better standing among voters. Polls from Reuters/Ipsos and CBS show her pulling ahead of her rival, Donald Trump, post-DNC. Nate Silver's FiveThirtyEight now gives her a 53.5% chance of winning the election. (Just days ago, it had Trump edging her out slightly for the first time). The prediction markets give her about a 70% chance at victory as well.
The Hillary Clinton Stock Portfolio, which we put together comprised of 15 stocks that should do well under a Clinton presidency, had a strong showing during the convention as well. From market close July 22 through market close July 29, it climbed 2.99%. Our Donald Trump Stock Portfolio, on the other hand, gained 2.11%.
The top performer was United States Steel (X) , which climbed 29.91%, closing the week at $27.49. The Pittsburgh-based company reported earnings on July 26, soaring after posting a narrower-than-expected net loss and raising its full-year guidance. As CNBC noted, U.S. Steel's surge has been overlooked by many.
There were some laggards in the Clinton portfolio as well, namely in the health care arena. Shares of Aetna (AET) and HCA Holdings (HCA) declined 4.36% and 4.01% respectively. The Department of Justice sued to block Aetna's impending acquisition of Humana (HUM) earlier this month, and CEO Mark Bertolini has vowed to push back. HCA Monday reported earnings.
Across the portfolio, however, Dem convention week brought good news. Six stocks ended the week in the red, while nine were in the green.
Here's how the entire HRC portfolio did last week, leading with the top gainers:
United States Steel (X) : 29.91%
Renewable Energy Group (REGI) : 9.55%
Netflix (NFLX) : 6.24%
Smith & Wesson (SWHC) : 2.79%
L-3 Communications (LLL) : 2.42%
Aecom (ACM) : 2.07%
Tyson Foods (TSN) : 1.67%
SolarCity (SCTY) : 0.95%
CACI International (CACI) : 0.51%
SPDR S&P 500 ETF Trust (SPY) : -0.06%
Walmart (WMT) : -0.79%
Goldman Sachs (GS) : -1.00%
American Electric Power Company (AEP) : -1.08%
HCA Holdings (HCA) : -4.01%
Aetna (AET) : -4.36%
If you think Clinton will wind up in the Oval Office come January 2017, take a look at these stocks that could have a tailwind under a Clinton administration. If you think Trump will win, check out these 15 stocks instead.