Does the Stock Market Love President Obama?

President Barack Obama’s approval ratings have been plunging this year. But there’s one constituency that appears to love the President: The stock market. At least that’s the conclusion drawn by Birinyi Associates’ Chris Costelloe in a note released today called, wouldn’t you know it, “The Market Loves Obama.”

ASSOCIATED PRESS

Going through his papers, he found a list of stocks that UBS said to buy if Obama won the election in 2012, including the likes of United Rentals (URI) , First Solar (FSLR), Alliant Techsystems (ATK), Alkermes (ALKS) and Mohawk Industries (MHK). And wouldn’t you know it, those stocks have gained 58% this year, compared to the S&P 500′s 27% gain. And just in case you’re wondering, those stocks have also trumped UBS’s Romney basket, which has gained 33%.

Here’s the full list:

AECOM Technology (ACM)

Aflac (AFL)

Alkermes (ALKS)

American Tower (AMT)

Alliant Techsystems (ATK)

Crown Castle International (CCI)

CME Group (CME)

First Solar (FSLR)

HCA Holdings (HCA)

Mohawk (MHK)

Marsh & McLennan (MMC)

Tanger Factory Outlet Centers (SKT)

TE Connectivity (TEL)

United Rentals (URI)