Mario Gabelli, the CEO of Gamco Investors, believes that the recent tax and spending legislation signed by President Donald Trump will provide significant clarity for public company executives in the coming years. He anticipates an increase in cross-border transactions due to this new law. Overall, Gabelli suggests that the legislation will enhance the appeal of stocks, a sentiment echoed during CNBC’s “Street Squeeze” segment on Tuesday morning. He highlighted two companies in particular: Textron and National Fuel Gas. He finds both of them quite intriguing, noting that he regularly invests in stocks. Gabelli mentioned that Textron shares are currently trading at a low price, having risen over 11% this year, with projections suggesting a 48% increase in 2025. National Fuel Gas, which recently acquired a subsidiary involved in exploration and production in the Marcellus Shale region, shows management expectations that are 16% above production forecasts. With a bank’s price target of $107, there’s a potential for it to climb from $85, representing a 26% increase since Monday.
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