Week In Review: How Trump's Policies Moved Stocks - Dec. 22, 2019

3. HEALTH INSURANCE TAX REPEALS: On Tuesday, Stephens analyst Scott Fidel noted that the spending bill that Congress was voting on this week to avoid a shutdown includes an amendment to the Affordable Care Act that will permanently repeal the health insurance tax, or HIF, and also fully repeal the medical device and Cadillac taxes. A permanent repeal of the HIF is "a major unanticipated win" for managed care organization stocks, said Fidel, who sees Humana having the most EPS upside to consensus 2021 estimates based on this news. A HIF repeal should also "significantly increase" accretion for Centene from its pending merger with WellCare, added Fidel.

4. AMAZON SAID TO HELP VENDORS OFFSET TARIFFS: Amazon (AMZN) has helped protect some vendors from President Trump's tariffs on Chinese products by paying them up to 25% more for the goods it resells, Business Insider's Eugene Kim reported this week.

5. DAVOS: Earlier this week, Bloomberg reported that administration officials say President Trump plans to attend the Davos economic forum. The event has been speculated as a possible venue for Trump and Chinese President Xi to meet and sign the "phase one" trade deal that has been struck between U.S. and Chinese negotiators.

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