Fundamental Views

Fed Decision Day Guide: Interest-Rate Projections, Gradual Pace

Here’s what to look for when the Federal Open Market Committee releases its policy statement along with quarterly economic projections at 2 p.m. Wednesday in Washington, and Federal Reserve Chair Janet Yellen holds a press conference at 2:30 p.m. — Policy path: With the Fed expected to hold interest rates near zero until September, investors Read More

U.S. Stocks Fall as Better Data, Fed Remarks Boost Rate Bets

U.S. stocks fell the most in three weeks, as better-than-forecast economic data and comments by Federal Reserve officials bolstered bets for an interest-rate increase this year. Energy and raw-material companies retreated as the dollar jumped, while Apple Inc. Intel Corp. paced a drop in technology shares. Hewlett-Packard Co. decreased 3.5 percent. Time Warner Cable Inc. Read More

Dow, S&P close at record highs as rate-hike angst abates

The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates. The S&P 500 .SPX racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to Read More

About $91 Million of Avon Stock Traded at Peak of Frenzy

Traders — human and otherwise — churned about $91 million worth of Avon Products Inc. stock in the 25 minutes after a takeover filing the company is now treating as a hoax. That’s four times as much as traded all day prior to then, according to data compiled by Bloomberg. More than 12 million shares Read More

Pimco Total Return Loses Biggest Bond Mutual Fund Crown

Two years of client withdrawals at Pacific Investment Management Co.’s flagship have cost it the title of the world’s biggest bond mutual fund. Investors pulled $5.6 billion from the Pimco Total Return Fund in April, after redemptions of $7.3 billion in March and $8.6 billion in February, according to estimates from the Newport Beach, California-based Read More

FOMC Press release

April 29, 2015 Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that underutilization of labor resources was little changed. Read More

3 Reasons Morgan Stanley is Still Bullish on U.S. Stocks

Stocks in the U.S. are once again around record highs. Although there are well-known risks in the market, from geopolitics to disappointing U.S. economic data to stretched valuations, Morgan Stanley equity strategist Adam Parker remains bullish. In a note out this morning titled We Are Full of Bull, he gives three reasons why: Firstly, we expect a 2014 economic replay. Read More

Stock Futures Climb as Intel, Delta Shares Rise on Earnings

NEW YORK (TheStreet) — Stock futures moved higher Wednesday morning, buoyed by earnings-driven gains in Intel (INTC – Get Report) and Delta   (DAL) shares. Stocks have been trading in a tight range this week as investors digest key earnings from the likes of JPMorgan (JPM) and Johnson & Johnson (JNJ) and try to ascertain the effect Read More

Wall St. edges up after JPMorgan, J&J results

(Reuters) – U.S. stocks rose modestly on Tuesday as investors digested the initial major earnings of the first-quarter reporting season, which showed some weakness despite companies topping lowered expectations. JPMorgan Chase & Co (JPM.N) posted stronger-than-expected earnings growth, helped by a rebound in fixed-income trading. Revenue rose 5 percent. The stock rose 1.8 percent to Read More

Builders FirstSource (BLDR) Stock Up Today After Announcing $1.63 Billion ProBuild Acquisition

NEW YORK (TheStreet) — Shares of Builders FirstSource (BLDR – Get Report) were gaining 59% to $10.97 on heavy trading volume Monday after the building materials company announced it will acquire privately-held lumber supplierProBuild. Builders FirstSource will pay $1.63 billion in cash to acquire ProBuild. The acquisition is expected to close sometime in the second Read More