Industries and Coverage

Our coverage is built to keep pace with policymakers’ rapid response to the global threat environment, allowing us to quickly identify narrow and seismic investment risks and opportunities. We are well-known for forecasting and analyzing legislative actions impactful to the defense and aerospace sector, layering in the unique historical and political insights we know shape outcomes, as well as our coverage of critical federal regulatory actions and oversight, particularly by the Department of Defense (DOD) and the Federal Aviation Administration (FAA). Our coverage spans congressional appropriators and authorizers that drive annual defense legislation, as well as military departments and officials whose strategy and doctrine determinations have a critical impact. In addition, we use our experience and network to bring clients deeper perspectives on quickly evolving geopolitical events that create volatility and disrupt financial markets.

Recent destabilizing global events underscore the role that energy plays in economic and geopolitical strategies and outcomes. Decisions are made by stakeholders looking forward years and even decades in time. Our firm offers deep dive policy analysis that connects policy predictions and outcomes with market impacts that affect liquid-and-gas fuels, power generation, and infrastructure. Our firm reviews regional and global policy outcomes and our analysis includes key legislative and regulatory decisions at state and federal levels, including Congress, the Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), Department of Energy (DOE), and Department of Interior (DOI), among others.

Financials demands comprehensive, in-depth coverage that keeps pace with policymakers’ constant efforts to respond to the rapid evolution of the sector. We anticipate and analyze the critical policy debates impacting bank and non-bank financial services providers, emerging fintech players, capital markets, the housing industry, and the cryptocurrency ecosystem, among other sectors and participants. Our analysis dives into the market moving initiatives of Congress and myriad federal regulators, including the Federal Reserve, Treasury Department, Consumer Financial Protection Bureau (CFPB), Securities and Exchange Commission (SEC), and the Federal Housing Finance Administration (FHFA), as well as state and local policymakers.

Few public policy decisions have a more sweeping impact than reforms to the tax code and changes in trade policy. Given the cross-section of companies and markets, we provide both a thematic macro and company-specific micro lens to identify meaningful investment insights emanating from the tax and trade policy decisions of decisionmakers, including Congress, the Treasury Department, Internal Revenue Service (IRS), Department of Commerce, U.S. Trade Representative (USTR), Committee on Foreign Investment in the U.S. (CFIUS), and international bodies. Our analysis covers broadly applicable efforts to raise rates and enact trade deals, as well more nuanced considerations around pay-for, extenders, and tariffs.

Policy and politics are inherently linked and we have a unique lens for how this reality drives decisions that have market implications. Our firm provides insights on the ever-changing political power dynamics in Washington and around the country that dictate policy agendas and outcomes important to a range of industries, so that our clients can make decisions with an understanding of the current and future policy environment. We cover all major policy and political debates, including the more than $1 trillion in annual federal discretionary spending, budget reconciliation initiatives, infrastructure and transportation legislation, debt ceiling dynamics, and impactful state and local ballot initiatives across a range of topics.

Nearly every aspect of healthcare is impacted near- and long-term by policy decisions: who is eligible for coverage, which providers or insurers can participate and under what circumstances, can a medical treatment be approved, what is the reimbursement for that therapy or service, what are the coverage limitations, and who are even the decisionmakers, to name a few. Our firm offers deep-dive analysis of the market-moving initiatives of Congress, Centers for Medicare and Medicaid Services (CMS), Food and Drug Administration (FDA), National Institutes of Health (NIH), Medicare Payment Advisory Committee (MedPAC), Federal Trade Commission (FTC), Supreme Court, and even state policymakers that impact the broad participants in the health care industry. Through our thematic macro and company-specific micro lens, we help clients identify meaningful investment insights across all industries and sub-sectors.

We cover the full spectrum of regulatory, legislative, and judicial activity that impacts the breadth of traditional telecom and media, as well as the new network effect platforms. Our firm offers analysis that connects policy tends and outcomes with market impacts that affect either the income statements or market multiples of the companies in our coverage universe. We review global, national, and state policy outcomes and our analysis includes key legislative and regulatory decisions from entities including Congress, the European Union, the Federal Communications Commission (FCC), the Federal Trade Commission (FTC), the Department of Justice (DOJ), the National Telecommunication and Information Administration (NTIA) and the Copyright Royalty Board (CRB), among others.

Washington Analysis is well-known and highly regarded for its coverage of Special Situation. We pair our dedicated Special Situations analysts with an all-hands approach to help clients identify and assess unique investment opportunities. We provide in-depth assessments on public policy trends and decisions that have a long-term impact on targeted sectors and markets, as well as insights on near-term catalysts relating to transaction reviews, rulemaking decisions, enforcement efforts, and pending judicial cases.