The Best Stocks to Target as the Decade Closes

November inflation numbers rose by a larger-than-expected amount

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Opening View
 
 

12/11/2019

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Stock Futures Churn Ahead of Fed Decision

By Patrick Martin

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Wall Street struggled to gain momentum yesterday, and today's price action could be more of the same. Dow Jones Industrial Average (DJI) futures are churning slightly below fair value, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are signaling modestly higher opens. There's caution ahead of this afternoon's policy decision from the Fed, with rates largely expected to remain unchanged. Fed Chair Jerome Powell will also speak at 2:30 p.m. ET, and investors will be looking for clues about upcoming monetary policy. Elsewhere, November's consumer price index (CPI) rose 0.3%, greater than the expected 0.2% climb. 

Continue reading for more on today's market, including: 

  • Schaeffer's Senior Quantitative Analyst Rocky White gives the best stocks to end the decade.
  • Broadcom stock is set to test new highs.
  • Plus, GameStop sinks after earnings; C-suite shakeup at Dropbox; and Citron lashes out at Peloton.  
>> Continue reading...
LATEST HEADLINES

>> Home Depot Stock Toppled by Weak Guidance
Home Depot's 2020 sales growth forecast fell below analysts' estimates
>> The Best Stocks to Target as the Decade Closes
So far this December has been similar to what's been seen in recent years
>> Dow Drifts Lower as Trade Deadline Looms
Stocks struggled to gain momentum today
>> Broadcom Stock Set to Close Huge Decade Near Record Highs
AVGO was one of the best S&P stocks in the past 10 years
>> Signal Says Drug Stock Not Done Climbing
The drug stock is ripe for a short squeeze, too
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