Stocks were looking to add to yesterday’s gains this morning after the Federal Reserve soothed markets by not making any changes to monetary policy and keeping stimulus in place, according to their statement released yesterday afternoon.
Following the meeting, the Fed said, “If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted.” The central bank gave no timeline on when the tapering of asset purchases will begin.
Stocks linked to the economic recovery led the way up in early trading this morning as the major indices tried to take back some of September’s losses.
Factors such as value and quality are coming back into focus. “We think value is going to return to favor,” said CFRA’s Todd Rosenbluth. “We think we’re going to see a rotation again back towards value-oriented investments.” Our recommendation for today is a lower-risk option for our readers who prefer a set-it-and-forget-it style of investing.
Jeff’s no. 1 Pick
Jeff Brown is arguably America’s #1 most accurate technology investor.
In 2015, he singled out Bitcoin before it shot up almost 100x… He also recommended the #1 tech investments of 2016, 2018, 2019, and 2020… And—this year—he’s already picked two of the three top-performing stocks!
Recently, Mr. Brown sat down with Chris Hurt to discuss the state of the stock market… And discuss his new #1 pick.[Full Story…]
The iShares Russell 1000 Value ETF (IWD) offers exposure to large-cap companies that show vital signs of value. Large-caps as they can add benefits to any well-balanced portfolio, including rock solid stability and dividends. Companies within this segment are considered some of the safest companies to invest in and tend to be in stable industries.
IWD is linked to the Russell 100 Value Index, consisting of roughly 650 holdings and tilted heavily towards financials, energy, and health care. IWD is a staple in many savvy investors’ portfolios, thanks to the fund’s level of diversification and low price. The fund has a relatively low expense ratio of 0.19% and a dividend yield of 1.57%.
The fund has gained more than 17%. Over the past month, IWD share price has slipped nearly 2.5%, offering a more attractive entry for those who are looking to invest in names like Walt Disney (DIS), JPMorgan Chase (JPM), and Cisco Systems (CSCO), which are among the fund’s top holdings.
Where to invest $1,000 right now...
Before you consider buying Cisco Systems, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2021...
And it's not Cisco Systems.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
2,000X Bigger than Bitcoin? Forbes calls THIS the Future
LIVE ON CAMERA The man who called #1 tech stocks of 2016, 2018, 2019 & 2020 based on return…
Reveals the details of a new tech set to grow:
- 113X bigger than the Internet…
- 600X bigger than 5G…
- 2,000X BIGGER than Bitcoin
“This is the biggest investing moment in 400 years — and just $25 gets you in.”
Brown believes the rollout could be days away… [Full Story…]