Be a Dem when it comes to Picking Stocks?

This is a very interesting article on the comparisons between Democratic giving and Republican giving when it comes to stocks. A "blue" stock is one that gives more money to the Dems then to the Republicans.

According to the firm's research paper, "The Blue Factor," an index of
76 companies in the S&P 500 meeting certain ethical criteria and favoring
Democrats -- "blue" stocks -- would have topped a group of about 380 Republican
"red" stocks by 15.6 percentage points annualized over the five years through
August.

In addition, the large-capitalization blue companies did 13.1
percentage points better than their S&P benchmark, the study said. Moreover,
blue S&P companies achieved this result without any representation in the
high-octane energy sector.

I have a feeling that most of the "blue" stocks happen to be tech names like GOOG and APPL while "red" stocks are mostly big oil, tobacco, etc. Also I would have a hard time comparing a list of 76 companies to a list of 380 companies. I'll hunt around for the lists to compare them better.