Height Securities

The pharmaceutical industry is lobbying to reverse part of the recent Congressional spending bill that shifted a $10-billion consumer aid burden from the federal government to manufacturers. The Bipartisan Budget Act of 2018 accelerated the closure of the Medicare Part D coverage gap from 2020 to...

Congress could potentially debate three bills in March that could impact financial markets. The fate of each bill could move stock prices, Height Securities analyst Stefanie Miller said in a Monday note.  Banking Deregulation The first piece of legislation up for debate is the banking...

After OPEC's agreement to extend crude oil production cuts throughout 2018, oil prices may soon get yet another boost if the U.S. applies sanctions on Venezuela in response to President Nicolas Maduro’s calls for a snap election. The U.S. will likely seek to delay the Venezuelan election...

Wynn Resorts, Limited (NASDAQ: WYNN) shareholders have had a rough go of it in recent weeks after CEO Steve Wynn was forced to resign in the wake of sexual misconduct allegations. But while Wynn shareholders are still reeling from the leadership change, Height Securities analyst Stefanie Miller...

It appears as if Congress is abandoning immigration reform for now after none of the proposals voted on last week gained the required 60 votes to move on. Congress is likely moving on to other issues unless they feel pressed to return to immigration reform by outside forces, Height Securities...

A little over two years ago, the very existence of Corecivic Inc (NYSE: CXW) and The GEO Group Inc (NYSE: GEO) appeared at risk. Now, under the friendlier Trump administration, the private prison operators are forecasted not only to survive but to thrive, according to Height Securities. ...

For the first time since 2012, Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) needed taxpayer bailout funds to cover quarterly losses. Fannie Mae and Freddie Mac each reported large fourth-quarter losses after absorbing a one-time drop in the value...

The latest reports on the Senate bank deregulation bill suggest the bill could come to a vote shortly after the Presidents’ Day recess. It's likely the bill becomes law by year's end, but it's far from a sure thing, Height Securities analyst Ed Groshans said in a Tuesday note....

President Trump on Tuesday said he is considering a number of options for actions he could take to improve the struggling U.S. steel market, including imposing tariffs or quotas on imported steel. Trump said the U.S. steel industry is getting “decimated by dumping” of foreign steel into...

Border security policies prompted a 42-percent annual increase in Immigration and Customs Enforcement arrests over the first nine months of 2017, and Height Securities expects no slowdown. “The Trump administration's tough-on-immigration policies are unlikely to fade anytime soon, meaning...

President Donald Trump unveiled a much-anticipated, $1.5-trillion infrastructure plan intended to “address unmet rural infrastructure needs, empower state and local authorities and train the American workforce of the future," according to the White House.  The Plan The...

The U.S. federal government shut down for the second time in a month Friday, but it was back up and running before most Americans woke up. President Donald Trump signed a bipartisan budget deal in the early morning hours, ending the brief shutdown. Military and defense investors may be the big...

Congress is making progress toward a two-year spending bill, and Height Securities sees diminishing odds — now just 35 percent for a Thursday night target — of a government shutdown. The House passed a short-term continuing resolution to fund the government to March 23, and the Senate...

There were few surprises in President Donald Trump’s first State of the Union Address on Tuesday night, but investors did get some glimpses of what they can expect from the administration in 2018. Following the speech, several analysts, economists and financial experts weighed in on the...

Treasury Secretary Steven Mnuchin spoke to the Senate Banking Committee endorsing chairman Mike Crapo’s banking deregulation bill that would raise the systemically important financial institution asset threshold from $50 billion to $250 billion, reducing the number of institutions that would...