Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD) and cannabis stock GrowGeneration (GRWG) surged to new territory.
JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) reported third-quarter results this week. JPM and C beat estimates across the board, partially because of stock and bond trading.
Cisco Systems (CSCO), Take-Two Interactive Software (TTWO) and Booking (BKNG), and JD.com (JD) all rallied after reporting quarterly numbers. Some beat consensus, others lagged. Regardless, investors found something to like.
You want to invest in a company that’s doing well, but must also be mindful of their stock price so that they fit your budget. If they’re too expensive, then no matter how lucrative they are, you can’t tag along because you can’t afford to. Validea has a rating system they’ve based on Warren Buffet’s legendary approach. Aside from debt and predictable earnings, other criteria include returns (initial, capital, equity, and expected), cash flow, resale value, and use of earnings. Companies that score 80% indicate good organisational strategy, while 90% or above is a solid buy. Let’s look at some companies that tick all the right boxes.
The Fed held FOMC meeting on September 25th and 26th and decided to raise short-term interest rates by 0.25%. After the FOMC meeting, Federal Reserve Board members and Federal Reserve Bank presidents released Summary of Economic Projections, which showed the same FFR projection as last time.
The Fed is going to hold a two-day FOMC meeting, on September 25th -26th. According to CME FedWatch, there is a 94.4% chance that interest rates will increase by 0.25%, which turns out to be 2.25%.