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: 4 Stocks That Could Soar Under Trump’s New Tariffs (Ad) 
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Technology | |
When you think of semiconductor stocks, some of the first names that come to mind probably include companies like Nvidia, Intel, and Qualcomm. While these popular names are a focus for many, sometimes taking time to explore the companies that aren’t as well-known can lead to stronger returns... Read the Full Story |
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From Our Partners | | Elon Musk's new bank is offering 6% interest per year - that's 15 times the national average of 0.4% that most Americans earn sitting in traditional accounts.
Built from a project 27 years in the making, this financial platform is challenging the way America's biggest banks operate. Luke Lango is breaking down exactly what this means for your money. | | See Luke Lango's full breakdown and how to prepare now |
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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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Markets | | 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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From Our Partners | | Looking for better stock ideas? Sign-up to receive The Early Bird Stock of the Day. Each day, MarketBeat's team of expert research analysts identifies one compelling stock and provides both a bull case and a bear case for each company. | | Get The Early Bird's Stock of the Day (Free) |
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Energy | |
Shares of NextEra Energy Partners (NYSE:NEP) are trading down over 10% after reaching a 52-week high post earnings. The question is why? On January 25, the company reported revenue that fell short of analysts’ expectations but posted a significant beat in earnings. And after the earnings rep... Read the Full Story |
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Retail/Wholesale | | Cautious Or Not, Investors Are Not Happy With Starbucks’ Guidance
Shares of Starbucks (NASDAQ:SBUX) fell hard in the wake of the calendar Q4/fiscal Q1 earnings report. The primary culprit is the guidance. The guidance came in weaker than consensus in market expecting more than the consensus b... Read the Full Story |
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From Our Partners | | Trump just returned from Beijing with the most powerful business delegation in American history - Elon Musk, Jensen Huang, Tim Cook, and the CEOs of BlackRock, Goldman Sachs, and CitiBank. The media covered the handshakes. But what was really being negotiated behind closed doors?
Porter Stansberry has connected the Beijing trip to a landmark pact signed by 13 nations in Washington - a pact designed to cut China out of a $3 trillion investment wave tied to the most critical resource of the 21st century. His new documentary exposes the five assets at the center of it all. | | Watch the full documentary and see which assets are positioned to benefit |
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Technology | |
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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Technology | | Rockwell International Forecasts Robust Industrial Rebound
Rockwell International (NYSE:ROK) reported a bit of a mixed quarter and one that sent share prices reeling but investors shouldn’t get too worked up about it. The underlying trends are positive, the outlook is favorable, and the compa... Read the Full Story |
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Construction | | The Housing Boom Is Only Getting Started At D.R. Horton, Inc
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 of what were already stro... Read the Full Story |
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Multi-Sector Conglomerates | | 3M (NYSE: MMM) released its fourth-quarter numbers yesterday, and beat on the top and bottom lines. Shares gained more than 3% on high volume, and neared the $180 level, where 3M has faced resistance since last summer.
So, does 3M have what it takes to break through? Or are shares going to head bac... Read the Full Story |
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Technology | | Just as the number of headlines warning about a bubble in tech starts to increase, out comes Microsoft (NASDAQ: MSFT) with stellar numbers to silence the critics. Or at least quieten them down for another while. The tech giant reported its fiscal Q2 numbers after Tuesday’s session and beat eve... 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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