Tuesday, February 07, 2006

Bush's Budget: Stock Bets?

WASHINGTON, D.C. - The $2.8 trillion budget that President George W. Bush submitted yesterday for fiscal 2007 is a nonbinding first step in the budget process. Spending won’t be determined until Congress gets around to appropriations bills later this year.

Still, certain industries come out better than others in the 352-page document. In this sense, you can think of the Bush Administration’s budget as an indicator, a sign that some sectors enjoy a tailwind blowing out of Washington. The tables below show a few industries that look like budget winners, according to analysts and industry groups, along with notable stocks within them.

Full story at Forbes.com