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.
Sears Holdings Corp. is using everything in its arsenal to stay afloat, but that still won’t be enough if the company can’t make its brand more relevant and generate sales, experts say. Last week, Sears (SHLD) announced it had sold its Craftsman tool brand for $900 million to Stanley Black & Decker Inc. (SWK), the latest move in an effort to keep the business going. The sale came after Sears announced a new credit facility with funds run by Chief Executive Eddie Lampert of up to $500 million, secured by mortgages on 46 real estate properties.
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