Wall Street analysts feel good about one of our retail stocks, but worried about another. Home Depot news Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to an outperform buy on Friday. The research firm also raised its 12-month price target to $455 per share from $360, implying nearly 14% … Read more
Nopphon Pattanasri | Istock | Getty Images Investors have been able to get better cash returns as the Federal Reserve raised interest rates to lower the pace of inflation. Now that the central bank is cutting rates — with a new quarterly rate cut announced by the Fed on Thursday — experts say holding cash … Read more
The Federal Reserve approved its second consecutive interest rate cut on Thursday, moving at a less aggressive pace than before but continuing its efforts to get monetary policy right. Following September’s big half-percentage point cut, the Federal Open Market Committee cut its benchmark overnight lending rate by a quarter of a percentage point, or 25 … Read more
The labor market will be the focus of Powell’s remarks, says DA Davidson’s Ragan Fed officials’ current view of the labor market could be one of the key takeaways from Powell’s press conference on Thursday, according to James Ragan, director of wealth management research at DA Davidson. “The biggest thing he can talk about is … Read more