The Trump rally may have stalled but the best trades of 2017 may still be made in companies that will benefit from policy changes in Washington. One of those trades has gotten started early with a court decision mid-November and could help boost earnings in important sectors of the economy. Companies in these sectors were looking at dramatically higher staffing costs but now may be able to beat expectations as the economy heats up and costs stay low. I’m going after two best-of-breed companies that stand to benefit big time. Business Strikes Back Against Wage Regulations A federal court… Read More
The Trump rally may have stalled but the best trades of 2017 may still be made in companies that will benefit from policy changes in Washington. One of those trades has gotten started early with a court decision mid-November and could help boost earnings in important sectors of the economy. Companies in these sectors were looking at dramatically higher staffing costs but now may be able to beat expectations as the economy heats up and costs stay low. I’m going after two best-of-breed companies that stand to benefit big time. Business Strikes Back Against Wage Regulations A federal court judge in Texas issued an injunction mid-November blocking the Department of Labor from enforcing new regulations that would increase the minimum salary for supervisory workers that qualify for overtime pay. #-ad_banner-#Under the old standard set in 2004, employees classified in a supervisory role are not entitled to overtime pay as long as their salary is at least $23,660 annually. The new rule would have more than doubled the minimum salary to $47,892 and would have meant companies would have to pay overtime for more than four million workers. The court found the Department of Labor (DOL) exceeded its authority in… Read More