Fortune: What U.S. stock orders did DOGE cancel?

Wells Fargo Securities delved into the U.S. government efficiency (DOGE) data, which showed that the savings provided by the government efficiency (DOGE) had little impact on the U.S. companies it focuses on so far. Recent comments also indicated that the impact was relatively limited. Specifically: The largest items on the DOGE savings list include: two contracts awarded by the Commerce Department to BAH worth $30mn; two contracts awarded by the Labor Department worth about $21mn; a contract awarded by the Education Department to GD worth about $29mn (previously listed savings of $9mn); and a contract awarded by the Department of Health and Human Services to CACI worth about $4mn. So far, these savings only account for less than 0.1% of the pending orders of the relevant companies. The savings of about $231mn previously listed under the SSA contract of LDOS have now been reduced to about $5mn. The agencies most affected by DOGE: Consistent with our previous analysis, the major customers of large federal IT public companies seem not to be the focus of DOGE's cost-cutting efforts so far. Overall, USAID's cuts account for about 45% of the total DOGE cuts, which only accounts for less than 1% of the sales of the companies we focus on. Meanwhile, the Treasury Department has received cuts accounting for about 14% (though only a tiny portion of the sales of the companies we focus on). The cuts received by HHS account for about 5%, which is most significant to LDOS (accounting for 38% of its sales). The products/services most affected by DOGE: The contracts accounting for the largest portion (about 56%) of the current cuts belong to the federal product/service codes of "professional support" (R4XX), which accounts for about 30% of the workload of the federal IT companies we focus on. Meanwhile, about 13% of the current cuts belong to "IT and telecommunications application support", which accounts for about 13% of the workload of the companies we focus on. Significant divergence: We still have doubts about whether DOGE could lead to significant cuts, and expect a sharp drop in share prices in the case of a significant decline in spending, though we believe this is unlikely. In the defense/federal sector, we give BAH, CACI, LDOS and SAIC a Buy rating. #End of Polished Translation