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.
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Markets | | | One dividend stock in the industrial sector looks like a solid buy at this time. Dow Inc (NYSE:DOW) is a global chemical company with a nice dividend yield that investors might want to consider adding. Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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For those who remember those dark days, not so long ago, when even regular unleaded gasoline was running over $4 a gallon, the drive to find an alternate way to drive a car is understandable and even relatable. No one wants to go back to those days, except perhaps those who are long oil. That's le... Read the Full Story |
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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 |
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They cover summer-centric industries such as solar, home improvement, entertainment, travel, and more.
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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 |
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Markets | | | This past summer has been a bit of a mixed bag for shares of Micron (NASDAQ: MU), the $55 billion chip maker out of Boise, Idaho. While anything with even a hint of tech seemed to log green day after green day, Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
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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 |
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