Afternoon business headlines: 11-11-13
Monday, November 11, 2013 2:50 PM
Obama stocks among best after re-election as rally tested
Bloomberg: Even with the flawed roll out of health-care reform and uproar over spying, Barack Obama is enjoying one of the best stock markets for a re-elected president. Signs are building that it might not last. This year's 24 percent jump in the Standard & Poor's 500 Index is the third-biggest annual rally after a president was returned to office since the 1930s, trailing Bill Clinton and Ronald Reagan, according to data compiled by Bloomberg. The index has climbed 108 percent since Obama became president, adding more than $10 trillion in equity market value.
Google Glass may save firms $1 billion
CNNMoney: Google Glass may seem like a novelty right now but the wearable gadget could soon be saving some companies millions of dollars per year. Research firm Gartner forecasts that Google Glass and other "smartglasses" will help make employees more efficient, and will be particularly useful for workers who need to use both hands to complete a complex task, such as conducting surgery or fixing a car, said Gartner's principal research director Tuong Nguyen.
Go ahead and pinch 'em, these 'zombie' stocks are very much alive
The "Zombie Apocalypse Stock Portfolio" of seven stocks, including gunmakers, vitamin distributors and solar systems and power generator manufacturers, has soared 230 percent since "The Walking Dead" premiered in October 2010,Investors.com reported. The portfolio consists of SolarCity, Generac Power Systems, Sturm, Ruger & Co., Smith & Wesson, Cabela's Inc., General Nutrition Corp. and Pall Corp. Collectively, their stocks have risen 63 percent this year compared with 24 percent for the S&P 500 Index.
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