Ep. 557: Tax Reform’s Winners & Losers

Welcome back to another episode of Wall Street Unplugged.

On this week’s show I’m joined by the biggest bear I know on Wall Street – Richard Suttmeier.

Rich has been analyzing stocks for over 40 years. He’s currently the founder and CEO of Global Market Consultants. He’s also a weekly contributor to Forbes and TheStreet.com.

Richard is an expert at analyzing what he calls “the balance sheet of the U.S. economy,” otherwise known as the FDIC Banking Profile. Using this hard data, which most investors tend to overlook, Rich gives us his economic forecast…

More specifically, he dives into the recently released U.S. home sales data… and why the housing market may be due for a correction within the next 6 to 12 months.

For today’s Educational Segment [46:45], get your pens ready…

We’re going to talk about what President Trump’s tax reform means for you. And I’ll be sharing the names and symbols of at least 30 stocks in this “winners and losers” discussion.



Links & Resources

  • Tune in to my lastest interview with Rich – Ep. 497: The Ultimate Bear
  • Follow Rich on his new stream – The Maven
  • Stay connected with the legend himself – Richard Suttmeier, and his latest research on both Forbes & TheStreet
  • You heard that right, I’m officially taking full advantage of Facebook Live. Click here to never miss a live interview, rant, or other Educational Segments

Stocks Mentioned

  • Amazon (AMZN)
  • Wells Fargo & Company (WFC)
  • Bank of America (BAC)
  • Citigroup (C)
  • Nvidia (NVDA)
  • iShares S&P GSCI Commodity-Indexed Trust (GSG)
  • iShares Core Dividend Growth ETF (DGRO)
  • SPDR S&P Dividend ETF (SDY)
  • SPDR S&P 500 Buyback ETF (SPYB)
  • JP Morgan Chase & Co. (JPM)
  • Exxon Mobil (XOM)
  • Pioneer (PXD)
  • EOG Resources (EOG)
  • Chevron (CVX)
  • Caterpillar (CAT)
  • Cisco (CSCO)
  • Pfizer (PFE)
  • Western Digital (WDC)
  • International Business Machines (IBM)
  • The Gap (GPS)
  • CVS Health (CVS)
  • ConocoPhillips (COP)
  • Southwest Airlines (LUV)
  • Paychex (PAYX)

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  1. Jeff Kaufman
    October 5, 2017 @ 10:55 pm

    I don’t agree with your guest on tech not benefitting from Tax Reform. Several of the companies mentioned were clients of mine before I retired as a tax partner in a Big 4 firm. Tech companies and pharmas have low tax rates because their foreign IP is offshore in Ireland or other low tax countries and the IP attracts profits in these low taxed jurisdicitions. They are still paying 35-40% on US profits it is just that they are paying much lower rates on off shore earnings where most of the growth is occurring. If US rates lower and they can repat cash at low rates, you will see most of these companies bring cash back and deploy it in the US and US earnings will be taxed at substantially lower rates. There is further incentive to do so given the increased scrutiny and pressure from the EU tax authorities and tax authorities around the world and lower US rates will make us more competitive. Therefore, I would assume that the EPS impacts would still be significant for both tech and pharmas.


  2. george
    October 6, 2017 @ 1:01 pm

    i know you love the current administration, but you brought up the technical companies and their tax rates, but you forgot to mention the benefits of the tax returns to Trump. we can’t pinpoint (since he never released his tax returns, but we know his (and all the billionaires) family will get a huge tax cut due to the elimination of the inheritance tax


  3. will
    October 7, 2017 @ 1:47 am

    Tune in to my last interview with Rich

    last or latest?


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