Recent Articles
Trade of the Day: FedEx (FDX)
At least in the short term, investors seem to be counting on a resolution to the back and forth tariff threats. As that is the case, we feel that FedEx (FDX) is oversold on trade fears and out of step with the rest of the market.
Trade of the Day: Facebook, Inc. (FB)
According to The Interpublic Group (IPG), online advertising is likely to grow 6.4% this year rather than the earlier estimate of 5.2%. This news, lower interest rates and a surprisingly defensive market have continued to push FB above short-term resistance near $195 per share.
Fed Rate Hikes and the Market
The potential for a faster pace of interest rate hikes in the near term indicates the Fed believes that inflation will be high enough to justify those rate increases.
Trade of the Day: AmerisourceBergen Corporation (ABC)
The surprise judgment on Tuesday in favor of the AT&T (T)/Time Warner (TWX) merger is probably going to give media stocks a small boost in the short term, but another stock that could benefit from the shift in favor of larger mergers is AmerisourceBergen Corporation (ABC).
Trade of the Day: Utilities Select Sector SPDR ETF (XLU)
A lower-value dividend combined with a generally bullish market should send prices on the Utilities Select Sector SPDR ETF (NYSEARCA:XLU) lower in the short term.
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