You’d have to say this past week was pretty rough. If it isn’t Syria we’re battling, it’s our own Congress! But, we’ve been through government shutdowns 17 times before, so the market will weather this one too. It does get tedious though.
I wanted to look at two specific stocks affected by any shutdown. One is a potential buy and the other, well, it doesn’t look so hot. Raytheon (NYSE:RTN) is the ugly one, and I don’t see it getting prettier anytime soon.
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On the other hand, Disney (NYSE:DIS) isn’t bad and I’d buy on some strength.
Back next week to see if the battlin’ Congress did any real damage to the market.