Investor Beat, Oct. 9, 2013
The following video is from Wednesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Bryan White and David Hanson dissect the hardest-hitting investing stories of the day.
After many weeks of rumors, President Obama has officially nominated Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve. Yellen would be the first woman in history to be named to the post. In today's lead story on Investor Beat, Bryan and David compare Yellen to Bernanke and discuss what the Fed should mean to investors.
Then the guys discuss four stocks making big moves today. Men's Wearhouse jumped today, after rejecting an unsolicited buyout offer from competitor Jos. A. Bank. Yum! Brands fell after announcing that third-quarter profits fell 68% and the company lowered guidance in China. While fourth-quarter profits for Family Dollar rose 26%, the company issued weak guidance, which mattered more to investors than trailing profits. And Costco got a boost today, even though fourth-quarter profits rose only 1%.
And finally, Bryan and David tell investors why they'll be keeping a close watch on Wells Fargo and SodaStream this week.
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The article Investor Beat, Oct. 9, 2013 originally appeared on Fool.com.Fool contributor Bryan White and Chris Hill have no position in any stocks mentioned. David Hanson owns shares of SodaStream. The Motley Fool recommends and owns shares of Costco Wholesale, SodaStream, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.