Markets weigh Trump's win on Fed rate path
After Trump's victory investors weigh whether the Fed will slow the December hike or hasten it. Moody’s cuts odds of December rate rise to 50 percent while Barclays and Markit stay bullish. Trump’s plans for infrastructure and defense could lift inflation, prompting quicker tightening. Yellen to testify before the Joint Economic Committee.
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Donald Trump
Federal Reserve
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Fed
Janet Yellen
Joint Economic Committee
Moody’s
Ryan Sweet
U.S
Barclays
THS Markit
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Obama
Congress
Apple tops buying among high turnover investors in late October
A SigFig analysis shows Apple (AAPL) was the most-bought stock among portfolios with about 100 percent annual turnover in late October, highlighting investor demand patterns.
MENTIONED IN THIS ARTICLE
Apple
AAPS
America investors portfolio trends from SigFig data
SigFig tracks US investor portfolios showing 5 day and 6 month averages, with AAPL as the largest holding across assets between $100,001 and $250,000. SigFig notes the data reflects analysis of over half a million investors managing about $200 billion and warns it does not constitute investment advice.
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SigFig
Michael Kors profits beat estimates but guides lower
Michael Kors reported a third quarter adjusted profit of 95 cents per share, above consensus by 8 percent. Despite the beat, investors pushed the stock lower as guidance for the next quarter came in below expectations. The four week trend shows a share price around 49 dollars with a high near 51 and a low near 46.51.
Nordstrom Lifts Shares On Strong Profit Beat
Nordstrom shares rose after the department store chain reported an 58 percent higher adjusted profit of 84 cents a share, beating expectations by 62 percent. Analysts foresee slower profit growth in the current quarter as results exceed forecasts.
JCPenney Reports Larger Quarterly Loss Despite Rally
JCPenney shares rose after the retailer posted a bigger than expected quarterly loss of 21 cents per share. Analysts anticipate an 85 percent jump in adjusted profit in the holiday quarter, while other market metrics including the CBOE Volatility Index and the S&P 500 P/E ratio were noted.
MENTIONED IN THIS ARTICLE
J.C. Penney
Grubhub CEO says Trump email misunderstood
Grubhub chief Matt Maloney said his email condemning Trump backed policies was misconstrued. He asserted the message defended employees and rejected discriminatory behavior, denying any call for resignations from those who voted for Trump.
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Trump
Matt Maloney
Donald Trump
BuzzFeed News
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