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The Zacks Stocks in the News Blog Highlights: ExxonMobil, Nvidia, Yahoo, Fed Rate Hike
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For Immediate Release
Chicago, IL—December 16, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Shares of ExxonMobil (XOM - Free Report) gained over 2.25% in Monday trading as new reports suggested that President-Elect Donald Trump will, in fact, nominate CEO Rex Tillerson for Secretary of State. Oil prices were also soaring on the news that Russia and several other nations will join OPEC members in cutting output next month.
The stock market has been on a roll in 2016, and despite some international financial crises—remember that little thing called Brexit?—stocks have reached incredible highs this year. One of the most successful stocks of 2016 has been Nvidia Corp. (NVDA - Free Report) , a top manufacturer of graphics processor technologies for computing, consumer electronics, and mobile devices.
Thursday saw shares of Yahoo fall about 5.3% after reports surfaced that Verizon (VZ - Free Report) was weighing doubts on its deal to acquire the internet company following news of another security breach, likely Yahoo’s largest in its history. It may have affected over one billion accounts, dating back to 2013.
Back on Wednesday, the Federal Reserve announced that it would be raising the benchmark interest rate by a quarter percentage point higher, with the decision coming after a two-day meeting of the Federal Open Market Committee. The vote to hike interest rates was unanimous, said the central bank, and became effective on December 15.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: ExxonMobil, Nvidia, Yahoo, Fed Rate Hike
For Immediate Release
Chicago, IL—December 16, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Here’s Why ExxonMobil (XOM - Free Report) Stock is Gaining Today
Shares of ExxonMobil (XOM - Free Report) gained over 2.25% in Monday trading as new reports suggested that President-Elect Donald Trump will, in fact, nominate CEO Rex Tillerson for Secretary of State. Oil prices were also soaring on the news that Russia and several other nations will join OPEC members in cutting output next month.
You’ll Never Believe How Much NVIDIA Has Gained in 2016
The stock market has been on a roll in 2016, and despite some international financial crises—remember that little thing called Brexit?—stocks have reached incredible highs this year. One of the most successful stocks of 2016 has been Nvidia Corp. (NVDA - Free Report) , a top manufacturer of graphics processor technologies for computing, consumer electronics, and mobile devices.
Yahoo Down 5.3% on Security Breach, Verizon Deal Doubts
Thursday saw shares of Yahoo fall about 5.3% after reports surfaced that Verizon (VZ - Free Report) was weighing doubts on its deal to acquire the internet company following news of another security breach, likely Yahoo’s largest in its history. It may have affected over one billion accounts, dating back to 2013.
Federal Reserve Raised Interest Rates to Between 0.50%-0.75%
Back on Wednesday, the Federal Reserve announced that it would be raising the benchmark interest rate by a quarter percentage point higher, with the decision coming after a two-day meeting of the Federal Open Market Committee. The vote to hike interest rates was unanimous, said the central bank, and became effective on December 15.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.