Good MorningInvestors and market-watchers got a shock on Wednesday when the Federal Reserve Open Market Committee announced its latest interest rate decision. The committee left rates unchanged and indicated it would continue to buy U.S. assets as expected but the outlook dimmed. The FOMC says that economic growth, while robust in the 4th quarter, slowed significantly as COVID-risks emerged.
The S&P 500 and other major indices started the day in negative territory and extended the losses after the FOMC announcement. The S&P 500 fell more than 2.5% by the end of the day and could continue to fall in the coming days. The VIX, the so-called “fear index”, surged more than 30% to a two month in the early stages of a reversal. A reversal in the VIX is ultimately bad for the market and could indicate a deep correction is on the way. Featured: These 4 Cryptos Are Screaming Buys With 10X Potential (IPM) 
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Politics | | | Stocks are mixed in Europe and Asia as markets focus on the Federal Reserve policy meeting that ends Wednesday.
Shares advanced in Paris and Tokyo but fell in London and Hong Kong.
The Fed is expected to keep its extremely supportive policy stance unchanged given the ... Read the Full Story |
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We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the first IdeaEngine alert on Monday morning, so make sure you are signed up before then. | | Get MarketBeat’s Free Weekly IdeaEngine Stock Pick |
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Politics | | | Stocks are mixed in Asia as investors focus on the Federal Reserve policy meeting that ends Wednesday.
Shares rose in Hong Kong and Tokyo but fell in Seoul and Sydney. Shanghai was little changed.
The Fed is expected to keep its extremely supportive policy stance unch... Read the Full Story |
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Markets | | | Additive manufacturing 3D printing solutions company Desktop Metal (NYSE: DM) stock has recovered back through its reverse merger highs of $24.80 hit on Dec. 10, 2020. The Company reversed merged into special purpose acquisition company (SPAC) Trine Acquisitions to trade under the new symbol DM on D... Read the Full Story |
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From Our PartnersNot only are investors capitalizing on a breakthrough AI distribution technology—they are realizing the full potential of their investments in a previously sidelined industry.
“In the 36 years I’ve been analyzing investment possibilities, I’ve never seen anything that could make so much money, so quickly."" - legendary stock picker James Dale Davidson | | Discover it HERE. |
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Tech | | | We know that semiconductor companies are going to play a key role in 2021 and beyond thanks to the fact that they are so important for developing new technologies. That’s why a company like Marvell Technology (NASDAQ:MRVL) is worth a look. Read the Full Story |
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Politics | | | China’s government has called on Indonesia to treat a group of detained Chinese sailors fairly but gave no indication what their oil tanker was doing when it was found at sea transferring fuel from an Iranian ship Read the Full Story |
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From Our PartnersWall street insider Chris Rowe says, "fortunes will be made, and lost... in what will go down as the greatest stock market event in the last 20 years." | | You need to see this ASAP. |
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Politics | | | PARIS — French drug maker Sanofi says it will help manufacture 125 million doses of the coronavirus vaccine developed by rivals Pfizer and BioNTech, while its own vaccine candidate faces delays.
Germany-based BioNTech will initially produce the vaccines at Sanofi facilities in Frankfu... Read the Full Story |
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Politics | | | From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world... Read the Full Story |
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Stocks | | | U.S. electric vehicle (EV) manufacturer Fisker Inc. (NYSE: FSR) stock went public through reverse merger with Spartan Energy Acquisition Corp. on Oct. 30, 2020. The fervor over special purpose acquisition companies (SPACs) and EVs reached a fever pitch on the rumor of luxury EV makers Lucid Motors p... Read the Full Story |
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Markets | | |
Looking at the results this quarter for AT&T (NYSE:T) demonstrates, and shockingly well, why having a company's fingers in a wide range of pies is such a worthwhile stance to take. While not all of AT&T's business went well, some parts did well enough by comparison to take up quite a bit o... Read the Full Story |
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Markets | | | D.R. Horton (NYSE:DHI) reported a very strong quarter for fiscal Q4 and we are not surprised. Not only did the company’s previous two quarters lead up to it but the recent data suggest a robust acceleration Read the Full Story |
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The Early Bird Stock Of The Day Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas. | | View Today's Stock Pick |
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