3 Stocks That Will Benefit From Tax Cut Deal

President Obama announced yesterday that his administration has compromised on a deal regarding the Bush tax cuts, extending them for everyone. Dividend stocks should be a beneficiary of this law, as dividends will continue to be taxed at 15%, as opposed to the higher rate that people thought it would revert to. Names like Altria MO, Philip Morris PM and utility stocks have been hit hard in recent stocks, as investors worried over the dividend rate. It appears that their fears were for naught, and initiating positions in these names or adding to existing positions should turn out to be profitable over the next couple of years. Disclosure: long MO