Two More Market Catalysts From D.C.

While we strain to figure out what the Fed was trying to say on Wednesday, here are a couple of investment catalysts from Washington to ponder as the market (predictably) recovers.

As I mentioned late last week, IT outsourcers Cognizant (CTSH), Wipro (WIT),Tata (TCL) and Infosys (INFY) have all fallen by double digits since investors detected a "now" signal from Washington on immigration reform around April 10. Although these stocks rose from their lows, they're down again, presumably in response to reports that the Senate Judiciary Committee has passed a modified version of the "Gang of Eight's" bipartisan bill, complete with restrictive language regarding companies that hire foreign/H1-b employees, the outsourcer's specialty....546 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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