As Americans headed to the polls Tuesday, markets ticked cautiously higher. Analysts say Democrats have an 85% chance of recapturing control of the House, while their Republican rivals have similar odds to hold the upper chamber. That result, based on historical data, likely would deliver slower stock market gains over the final two years of Donald Trump's term following a 28% gain for the S&P 500 since his election in November 2016. Still, anything is possible and TheStreet has you covered from all angles. Armie Lee takes us through the potential impact on healthcare stocks, particularly managed care companies. If Democrats take both chambers, managed Medicaid stocks such as Centene (CNC) and Molina Healthcare (MOH) , and healthcare facility stocks such as HCA Healthcare (HCA) could see upside. A scenario in which Republicans retain control of the two chambers could be positive for Medicare Advantage player Humana (HUM) , Lee reports noting that Republicans are more positive on the privatization of Medicare.

I've got a craving for fried chicken, and apparently, so did PE firms Durational Capital and Jordan Co. The firms agreed to pay $594 million to take fried chicken chain Bojangles' (BOJA) private. The $16.10 a share deal, comes despite a weakening share price for Bojangles. The company's stock debuted at an IPO price of $19 a share in 2015 and traded in the $13 range prior to a report by Reuters in September that the company may be sold. At $593.7 million, the Charlotte, N.C., company is valued at about 7.7 times its 2017 adjusted Ebitda of $76.7 million. The deal is also likely a welcome development for New York PE Shop Advent International, which stands to make about 4.5 times its money on the deal, according to The Deal's Steve Gelsi. Steve's got the breakdown of how Advent's math works out to a tasty payday for the PE firm.

Markets today: Stocks traded higher on Tuesday, Nov. 6, as Wall Street focused on the outcome of midterm elections that could either stall or extend the longest equity bull market in history. The Dow Jones Industrial Average closed up more than 170 points, or 0.69%, while the S&P 500 rose 0.26%, and the Nasdaq gained 0.29%.

Michael D. Brown, Assignments Editor, TheStreet Inc.

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