Alaska currently has no income or state sales tax. Technology has made it easier for individuals and businesses to move to states--or countries--with lower tax rates, says Joe Henchman, vice president of legal and state projects for the Tax Foundation, a policy research organization based in Washington, D.C. "Everybody is under the gun to be more competitive, whether it's government or the private sector," he says.
As stocks continue to flirt with record highs, Wall Street's biggest bull has a clear message for investors: keep buying. And he has six lagging groups that are prime for profits. According to Fundstrat's Tom Lee, 2017 is likely to be a very good year for laggards of the S&P 500 index. In recent coverage, he highlighted oil and gas drillers, metal and glass containers, fertilizers and agricultural chemicals, IT consulting, tanker stocks, and metals and mining. "We looked at close to 80 years of the performance of 164 industries," Lee said Friday on CNBC's "Trading Nation." "When a group severely lags, by at least 2,500 basis points or more, you almost always make money buying these things." Since
This month the same key zone, which includes Pfizer's 200-day moving average, has proven to be a major roadblock. With Tuesday's nearly 2% drop, Pfizer stock is now off by more than 5% from the January peak and is now well below last week's low. On Nov. 9, Pfizer exploded to the upside after opening the session with a huge gap.