Donald Trump wants to increase the amount of corn ethanol blended with gasoline, while eliminating the primary incentive for blending corn ethanol with gasoline.
That, at least, is my major takeaway from Mr. Trump's most recent economic policy speech. The media has focused on Mr. Trump's pledge during the speech to achieve U.S. GDP growth of 4% per year if he is elected to the White House in November. (The Republican nominee clearly didn't hire the braintrust at Oxford Economics to calculate this target.) Energy investors should pay closest attention to his comments on the revised Renewable Fuel Standard (RFS2), however, as they change the outlook for a number of companies in the event that he is inaugurated in January.
First, it should be noted that this is not a purely academic exercise. Mr. Trump's decision to stop engaging in high-profile spats with Gold Star parents and start (mostly) focusing on policy issues has reaped his campaign dividends in the polling numbers. He is now just 1 point behind rival Hillary Clinton in a 4-way national race, according to the RealClearPolitics poll of polls, and surging support in swing states now has the betting markets giving him better odds than at any time since May. Nate Silver over at FiveThirtyEight gives Mr. Trump a 40% chance of becoming the next U.S. president, high odds given the nominee's incredibly unorthodox campaign.
Top Energy Stocks To Invest In 2019: Nuveen Connecticut Premium Income Municipal Fund(NTC)
Advisors' Opinion:- [By Logan Wallace]
Media stories about Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC) have trended very positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nuveen Connecticut Premium Income Mun Fd earned a news sentiment score of 0.53 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 47.4041994466706 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Top Energy Stocks To Invest In 2019: Extra Space Storage Inc(EXR)
Advisors' Opinion:- [By Shane Hupp]
Oppenheimer Asset Management Inc. reduced its stake in Extra Space Storage (NYSE:EXR) by 10.3% in the first quarter, HoldingsChannel.com reports. The fund owned 13,051 shares of the real estate investment trust’s stock after selling 1,502 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Extra Space Storage were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Logan Wallace]
Lee Financial Co lifted its stake in Extra Space Storage (NYSE:EXR) by 100.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the real estate investment trust’s stock after purchasing an additional 1,050 shares during the quarter. Lee Financial Co’s holdings in Extra Space Storage were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Stephan Byrd]
Extra Space Storage, Inc. (NYSE:EXR) hit a new 52-week high and low during trading on Tuesday . The company traded as low as $93.95 and last traded at $93.32, with a volume of 318074 shares changing hands. The stock had previously closed at $93.44.
Top Energy Stocks To Invest In 2019: Manitex International Inc.(MNTX)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on Manitex International (MNTX)
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- [By Ethan Ryder]
Manitex International Inc (NASDAQ:MNTX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.95 and last traded at $12.61, with a volume of 655 shares changing hands. The stock had previously closed at $12.94.
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