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2 sectors will be 'clear winners' in the event of a sell-off following Biden's $1.9 trillion stimulus plan, BofA says
7 days ago - By Business Insider
Traders work during the closing bell at the New York Stock Exchange on March 18, 2020 at Wall Street in New York City
Johannes Eisele/AFP via Getty Images
Stocks have largely priced in the impending stimulus package and may sell off once the bill is passed, says BofA. Cyclical stocks and small-caps are still trading at a discount and will be "clear winners" in a sell-off, the firm said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The stock market has largely priced in Washington's $1.9 trillion stimulus plan already and investors should anticipate a "sell the...
Read more ...3 reasons why Wall Street isn't worried about a $15 minimum wage hike, according to 3 experts
7 days ago - By Business Insider
US banknotes
Igor Golovniov/SOPA Images/LightRocket via Getty Images
Democrats are seeking to raise the federal minimum wage to $15 an hour as part of a $1.9 trillion stimulus package.
Wall Street sees the proposed hike in minimum pay from $7.25 an hour facing an uphill battle in the Senate.
Vaccinations and further fiscal stimulus are stoking prospects for double-digit earnings growth for S&P 500 companies.
Visit the Business section of Insider for more stories .
Raising the federal minimum wage to $15 an hour is a proposal being floated as part of the $1.9 trillion stimulus package...
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