Accenture (ACN): Record Managed Services Contracts Meet a Tougher Regulatory Backdrop

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We recently shared our list of the 10 Best Stocks to Buy After Democrats' Election Sweep, According to CIBC, with Accenture (NYSE:ACN) ranking 10th on it. CIBC Capital Markets recommended a list of top stock picks after the Democratic sweep of Congress, according to CNBC, citing a potentially tougher regulatory environment for corporate America. In a report published the day after the midterm vote, the Canadian bank said its Democratic basket was designed to hold up in a more defensive market, driven by a less business-friendly environment. It had built two baskets before the election: one for a Democratic-controlled Congress and one for a Republican-controlled Congress. The Democratic list holds 36 stocks.