Good MorningThe market got what it wanted from the Fed and more. The FOMC left its rates unchanged and indicated a low-interest rate policy long into the future. The official statement says inflation could run well above the target 2.0% for an extended time, individual members indicate the zero-interest-rate environment could last through the end of 2023.
What this means for business is the ability to invest in operations without fear of the Fed. With interest rates on hold for an indefinite amount of time, investors should expect economic activity to continue to build. What this means for the markets is the historic bull market is far from over but there are still many risks. The number one risk of course is COVID-19. Even so, the Fed chief Jerome Powell said social distancing and masks will aid the recovery. The Atlanta Fed is forecasting GDP will run above 25% in the 3rd quarter.
Featured: Trade Smarter and Win Bigger Profits with These Alerts (Dear Wallstreet) 
|
Markets | | |
Market volatility may be the norm as we head into election season and third-quarter earnings reports. And so some investors may be looking for a defensive stock to hunker down with for the rest of the year.
Costco Earnings Preview: What to Look Out For
Costco (NASDAQ:COST) not only looks att... Read the Full Story |
|
From Our PartnersCompanies all over the world are funneling as much money as they can into what Bill Gates calls, "the holy grail" of modern technology.
It's fresh out of a highly secretive lab in Boston, and it's poised to make early investors billions.
It's NOT cannabis. It's NOT bitcoin, or some other blockchain-related technology and it's NOT 5G. | | Click here for details. |
|
Markets | | | These days, it seems like everyone wants a piece of the global EV (Electric Vehicles) market. With the cost of electric vehicle ownership decreasing and manufacturers working hard to create new and exciting tech Read the Full Story |
|
Markets | | | FedEx Corporation (NYSE:FDX) just delivered an earnings report that is causing the stock to soar. It appears that shares of the delivery services company will open up nearly 10% above its closing price of $236.67 Read the Full Story |
|
|
Markets | | | Document management systems provider Xerox Holdings Corporation (NYSE: XRX) shares have remained flat trading (-30%) off its pre-COVID levels during the historic benchmark S&P 500 index (NYSEARCA: SPY) rally towards new all-time highs Read the Full Story |
|
Markets | | |
3M (NYSE: MMM) has taken center stage since the onset of the pandemic, with its N95 masks worth their weight in gold. Okay, the masks aren’t that valuable. But they have played a large role in slowing the spread of the coronavirus.
Demand has been so high for the masks that 3M hasn’t ... Read the Full Story |
|
From Our PartnersIf you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead… Watch the Video
| | | | Continue Reading |
|
The Early Bird Stock Of The Day Johnson & Johnson is a holding company, which engages in the research, development, manufacture, and sale of products in the healthcare field. It operates through the Innovative Medicine and MedTech segments. The Innovative Medicine segment focuses on immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension. The MedTech segment includes a portfolio of products used in the interventional solutions, orthopaedics, surgery, and vision categories. The company was founded by Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson Sr. in 1887 and is headquartered in New Brunswick, NJ. | | View Today's Stock Pick |
|
