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Dow Jones

The Dow Jones Today Is Ready to Move on the Fed's Rate Announcement

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The Dow Jones today will hang on today’s Federal Open Market Committee (FOMC) meeting. Investors have effectively gone “all-in” on expectations for a rate hike. More on this below. The U.S. Central Bank will kick off its meeting with the U.S. in great economic standing (the unemployment rate and the number of Americans seeking jobless benefits currently sit at multi-decade lows). That said, the Fed is largely expected to cut rates in order to boost the U.S. economy during the second half of 2019.

More on this below...

stocks

These 3 Bank Stocks to Buy Just Earned "Top Scores"

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Let's face it. Banking stocks are boring. But if you want to generate consistent returns, there is perhaps no better place to put your money…

Banks across the United States have been consolidating since the 1980s. Just 15 years ago, there were about 15,000 banks. Today, that number is less than 6,000.

And in the wake of a mega-merger between BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI), we expect that banking deals will continue well into the future.

It turns out that Money Morning Special Situation Specialist Tim Melvin is one of the world's – yes, the world's – best banking analysts in the country.

Since 2013, Tim has made 45 picks for banks – all of which made money. That's right, a perfect track record. Better yet, his total return across all picks is a stunning 100.8%.

At Money Morning, we have another way to tap into banking stocks that are about to take off. It's called the VQScore™, and it's telling us that these three banks are ready to explode in share price in 2019 and beyond...

Dow Jones

The Dow Jones Today Slumps 150 Points After China Reports Worst Economic Growth Since 1990

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The Dow Jones today is opening more than 150 points lower thanks to a troubling economic report out of China.

Yesterday, China reported its economy grew 6.6% in 2018, the lowest growth rate its seen since 1990.

As the government shutdown drags on, the weakening global growth could send stocks back into the red.