The broad, across-the-board spending cuts known as the sequestration are due to kick in on Friday, March 1, and the effects will be far-reaching. In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss why the sequester is bad economics, which companies are going to be affected, and when we can expect to see the damage.
One of the largest financial institutions in the U.S. and a bank that is sure to be affected by the sequestration is Bank of America. Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy, and as an added bonus, you'll receive a full year of FREE updates and expert guidance as key news breaks.
The article The Sequester Is Dumb, and Bad for These Stocks originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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