Republican Congress Will Boost Regional Banks, Transportation Stocks

The Republican Congress will help boost oil production which will aid the transportation industry, said Frank Fantozzi, President of Planned Financial Services. Fantozzi added that the Republican-backed Keystone pipeline will alleviate glut conditions in the U.S. and also boost high quality energy companies. He said hospital stocks will continue their strong performance because the Affordable Care Act is here to stay even though uncertainty remains in the sector. Finally, Fantozzi is bullish on high quality regional banks because he expects the Republican Congress to ease restraints on reserves and lending.