The Trump Administration is expected to scrap the EPA's Clean Power Plan in 2017, which would enable companies to extend the life of coal plants previously slated for closure, according to a report by S&P Capital IQ. Reducing regulations would impact utilities differently, says Christopher Muir, an equity analyst with CFRA. He believes regulated companies with significant coal generation will be winners in 2017, including Black Hills (BKH) , Great Plains Energy (GXP) , MDU Resources (MDU) , NiSource (NI) and Vectren (VVC) . But according to Muir, companies with unregulated power plants will face market forces that lead to lower power prices. That would negatively affect companies like Exelon (EXC) , AES (AES) , NextEra Energy (NEE) , NRG Energy (NRG) and TransAlta (TAC) .
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.