On Wednesday's edition of Investor Beat, host Chris Hill and Motley Fool analysts Jason Moser and Taylor Muckerman take a hard and fast look at the day's most important business stories of the day for Foolish investors.
Fed Chief Ben Bernanke announced today that the Federal Reserve will start to pare back the quantitative easing bond-buying program next month. As expected, the Fed will lower the asset purchases by $10 billion. Contrary to the expectations of some, however, the markets did not plunge on the news as many investors had feared but rather continued to roar bullishly forward. Was all the panic for nothing? Was there ever any panic in the first place? In the lead segment on today's Investor Beat, our analysts take a look at why the market took this news extremely well and what investors can expect from the Fed next year.
Then, they discuss four stocks making moves on the market today. Ford fell after the automaker said profits will be hurt over the next few years due to new-vehicle launches and the recession in Europe. Chipotle has announced that it will be getting into the pizza business, opening the first location of its Pizzeria Locale in Denver. However, co-CEO Steven Ells has stressed that the company's growth will still be driven by the Chipotle brand. Second-quarter profits for FedEx rose 14% and the company raised guidance for the full fiscal year, but the stock was relatively flat on the news. And AMC Entertainment, the largest movie theater chain in America, rose on its first day as a publicly traded company.
And finally, Taylor takes a look at some big growth projections from Kodiak Oil & Gas while Jason highlights what he'll be looking for when Nike reports earnings tomorrow after market close.
Chris Hill owns shares of Chipotle Mexican Grill. Jason Moser owns shares of Chipotle Mexican Grill and Nike. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends FedEx. It recommends and owns shares of Chipotle Mexican Grill, Ford, and Nike. 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.