>>> White House Budget: Key Points (Full doc. attched)

White House Budget: Key Points
  • Budget calls for $800 bln in cuts to Medicaid (this is the same amount in the House version of the AHCA that was passed). Potential Related Stocks: XLV, UNH, MOH, CNC, THC, CYH, LPNT, UHS).
  • The Budget calls for $272 bln in cuts to welfare programs such as food stamps which may be negative for: KR, WFM, WMT, SVU
  • The Budget calls for $39 bln in cuts to student loan assistance programs which may be negative for: NAVI, SMI, NNI
  • The Budget calls for a $54 bln increase in defense spending which may be positive for: LMT, NOC, GD, BA, RTN, LLL.
  • The Budget will cut EPA funding by 31% -- Potential Related Stocks: KOL, XLE).
  • The budget calls for the US to sell $16.5 bln in US oil reserves from the strategic petroleum reserve (USO, XLE, COMDX).
--> NYT Article : 

From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/22/17 22:14:46
To: LAURENT CHEKROUN (MAKOR SECURITIES LO)
Subject: Fwd:>>> White House releases FY18 budget blueprint