Diamonds and Dogs
Goldman Sachs (GS) ending the year on a high note. The investment banking firm seems to be benefiting more than most from the surprise Trump election. The stock is up 33% while the sector is up 17% since the election as it seems like half the executive suite is heading to Washington to work with Trump while the proposed banking deregulation will benefit and boost Goldman's earnings power going forward. Back to the future for Goldman.
Cabela's (CAB) merger is hitting a snag. The outdoor sports retailer is down 5% after the FTC issued a "second request" for information regarding their merger with Bass Pro Shop. The FTC's "second request" has the effect of extending the waiting period while also putting the merger under scrutiny and jeopardy. Not a good way to end the year.