President Donald Trump’s tax-and-spending bill, signed into law earlier this month, will provide greater clarity for CEOs of public companies in the future, according to long-time value investor Mario Gabelli, CEO of GAMCO Investors. Gabelli also expects more cross-border deals as a result of the legislation. Overall, the law makes stocks look more attractive on the whole, the investor said on CNBC’s ” Squawk on the Street ” Tuesday morning. Gabelli shared two specific names he’s bullish on: Textron and National Fuel Gas . “Both of them are extraordinarily interesting. Both of them [are] stocks that I’m buying daily, nibbling at them and so on,” he said. Textron, the maker of Citation business jets, Beechcraft and Cessna planes and Bell helicopters, should benefit from a dramatic rise in defense spending by members of the North Atlantic Treaty Organization. Gabelli also praised Textron CEO Scott Donnelly for doing a “terrific job” running the defense contractor. “At $85 with that kind of earnings, that is an extraordinarily cheap stock,” Gabelli said, referring to where Textron shares were trading Tuesday. Rhode Island-based Textron have added more than 11% this year, outperforming the S & P 500. Gabelli also named National Fuel Gas , which has surged 48% in 2025, a top pick. The 83-year-old, Columbia Business School graduate highlighted National Fuel’s current focus on Marcellus natural gas. National Fuel gets gas from the Marcellus Shale through its upstream, exploration and production subsidiary, Seneca Resources . Gabelli also praised CEO David Bauer’s acquisitions of local distribution companies. On Tuesday, Bank of America took a similar bullish view on National Fuel, double upgrading shares to buy from underperform. “Since acquiring the Eastern Development Area from Shell in 2020, productivity has gotten increasingly better,” wrote analyst Kalei Akamine, adding that recent data shows production tracking 16% ahead of management expectations. “We believe this enables a more capital efficient [production] program through the end of the decade.” The bank’s $107 price target, up from $85, implies that the stock might rise 26% from Monday close.
