All eyes are on U.S. Federal Reserve Chair Janet Yellen today as she speaks to the Executives Club of Chicago about the economic outlook. The speech takes place at 1:00 p.m. and investors are watching to see if there are hints about the potential rate hike at the end of the FOMC meeting from March 14-15.
Now that we know what will be moving markets, here are three top stocks to watch today...
Snap Inc. went public yesterday and it looks like today will be another busy day of trading.
Urgent: Don't miss out on the top IPOs to watch in 2017.
Yesterday, 216.5 million shares of SNAP changed hands, driving the price up 44% in its first day of trading.
Today, shares of Snapchat's parent company are already up 2% in early morning trading.
Currently, SNAP shares are trading for $24.48.
Costco stock is down 4.5% in early morning trading after announcing its earnings report.
The company announced $1.17 earnings per share (EPS), down from $1.24 EPS for the same quarter a year earlier.
Same-store sales were up 3% for the quarter, but analysts were predicting a 3.2% increase in sales.
COST stock is currently trading at $177.98 for a year-to-date (YTD) gain of 11%.
Hhgregg stock is down 7% in early morning trading.
Yesterday, the company announced it will close 88 stores and lay off roughly 1,500 employees. The news caused the stock to spike 97%.
However, today it looks like the market is taking a second look at the store closing news and has less optimism that the company will be able to turn a profit.
Currently, HGGG stock is trading at $0.26 for a loss of 81.8% YTD.
Editor's Note: Protect your money in 2017. Know exactly what to buy and what to sell.