ONE WINNER FROM A TRUMP ELECTION
Today’s chart highlights a company that will benefit from new government plans…
Big infrastructure spending and corporate-tax reform were two of the primary drivers of Donald Trump’s presidential campaign.
The market spiked after his election, but stocks set to benefit from Trump’s promises have outperformed…
For proof, we look at shares of toolmaker Fastenal (FAST).
Fastenal would benefit from a massive infrastructure bill, for which it could supply most of the parts.
But even more important is that Fastenal’s effective tax rate is nearly 37%. So a reduction in corporate taxes would lead to far bigger profits for shareholders.
In the chart below, you can see where Fastenal shares spiked after the election.
The stock is up more than 11% in 2017 and just hit a fresh, multi-year high. If Trump sticks to his promises, shares could continue even higher…
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Source: Daily Wealth’s Market Notes