Investor Beat: Sept. 16, 2013
The following video is from Monday's edition of Investor Beat, in which host Chris Hill and analysts Jason Moser and Bill Barker dissect the hardest-hitting investing stories of the day.
Former Treasury Secretary Larry Summers, once the favorite to be the next head of the Federal Reserve, withdrew his name from consideration on Sunday, leaving Vice Chairman Janet Yellen as the new favorite to replace Ben Bernanke. The markets reacted incredibly favorably to the news, with even unrelated stocks popping upwards. In our lead story on this Investor Beat, Jason and Bill discuss whether this paves the way for a brighter future for banking stocks and why this news trickled down into unrelated sectors.
Then, the guys discuss four stocks making big moves. United Natural Foods continues its run after very strong Q4 results. D.R. Horton is among the homebuilders popping today, potentially connected to the news that Larry Summers will not head the Federal Reserve, which some think could be good news for mortgage rates. FedEx is up ahead of the company's Q1 earnings report coming up on Wednesday. And Boise jumps up big on news that Packaging Corp. of America has agreed to buy the company for just shy of $2 billion.
Finally, Jason and Bill discuss why they'll be watching shares of Middleby and FactSet Research Systems this week.
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The article Investor Beat: Sept. 16, 2013 originally appeared on Fool.com.Bill Barker, Chris Hill, and Jason Moser have no position in any stocks mentioned. The Motley Fool recommends FactSet Research Systems and FedEx. It recommends and owns shares of Middleby. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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