US fiscal cliff has done the damage. Expect US Downgrade and Recession in 2013

Thank you Obama

 Last year, US was downgraded because US debt ceiling was handled very irresponsibly. Nothing has changed since then. US will be downgraded again and it will enter recession in 2013. Today's, Obama speech sounded as if he is still campaigning for 2016 election. US fiscal cliff has already done the damage to the economy and now waiting till last moment to pass deal is going to make it worse. 

Congress had 1 and hour year to come up with solution but it was completely wasted behind campaign and vacation. Even if deal is done and by the time President signs the deal and pass on to ground level, US will be in recession. Its different story majority of American still feel US is in recession. US debt ceiling was raised to 16.395 trillion and its now less then 100 Billion away from hitting the debt ceiling.

Whether anything is done or not, expect sell off in this stock in December.

Below are the name of the companies who's project over 1 B dollar with be impacted because of fiscal cliff.

1. LOCKHEED MARTIN CORPORATION (LMT)  $29.2B 
2. THE BOEING COMPANY (BA)  $17.1B
3. GENERAL DYNAMICS CORPORATION (GD) $11.6B
4. RAYTHEON COMPANY (RTN) $11.1B 
5. NORTHROP GRUMMAN CORPORATION (NOC) $8.0B
6. UNITED TECHNOLOGIES CORPORATION (UTX) $6.1B
7. L-3 COMMUNICATIONS HOLDINGS, INC. (LLL) $5.5B
8. OSHKOSH CORPORATION (OSK) $4.4B
9. SAIC, INC. (SAI) $3.8B
10. HUNTINGTON INGALLS INDUSTRIES, INC. (HII) $3.4B

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11. HUMANA INC. (HUM) $2.9B

12. HEALTH NET, INC. (HNT) $2.8B
13. GENERAL ELECTRIC COMPANY (GE) $2.4B
14. ITT CORPORATION (ITT) $2.4B
15. COMPUTER SCIENCES CORPORATION (CSC) $2.1B
16. KBR, INC. (KBR) $2.1B
17. FLUOR CORPORATION (FLR) $2.1B
18. TEXTRON INC. (TXT) $2.1B
19. URS CORPORATION (URS) $1.8B
20. BOOZ ALLEN HAMILTON HOLDING CORPORATION (BAH) $1.8B
21. CACI INTERNATIONAL INC (CACI) $1.5B
22. NAVISTAR INTERNATIONAL CORPORATION (NAV) $1.4B
23. COMPUTERSHARE LIMITED (CPU) $1.4B
24. FEDEX CORPORATION (FDX) $1.3B
25. ALLIANT TECHSYSTEMS INC. (ATK) $1.2B
26. MANTECH INTERNATIONAL CORPORATION (MANT)$1.2B
27. HONEYWELL INTERNATIONAL INC. (HON) $1.1B
28. AMERISOURCEBERGEN CORPORATION (ABC) $1.1B
29.HEWLETT-PACKARD COMPANY (HPQ) $1.0B
30. HARRIS CORPORATION (HRS) $1.0B

Below are the name of the companies who's project less then 1 B dollar with be impacted because of the fiscal cliff.

1. JACOBS ENGINEERING GROUP INC. (JEC) $810.0M
2. MCKESSON CORPORATION (MCK) $770.2M
3. VALERO ENERGY CORPORATION (VLO) $740.4M
4. CARDINAL HEALTH, INC. (CAH) $713.6M
5. ROCKWELL COLLINS, INC. (COL) $710.0M
6. EXPRESS SCRIPTS, INC. (ESRX) $422.2M
7. FORCE PROTECTION, INC. (FRPT) $418.5M
8. BP P.L.C. (BP) $415.8M
9. DELL INC. (DELL) $382.4M
10. GOODRICH CORPORATION (GR) $372.7M
11. CATERPILLAR INC. (CAT) $347.1M
12. AT&T INC. (T) $346.9M
13. CUBIC CORPORATION (CUB) $346.1M
14. TYSON FOODS, INC. (TSN) $331.6M
15. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) $322.5M
16. OWENS & MINOR, INC. (OMI) $309.4M
17. KRAFT FOODS INC. (KFT) $307.8M