The market hovered around the flat line until the Fed's 2 PM rate decision announcement, and then promptly sold off hard despite no major curveballs from the FOMC. Both the S&P and Dow finished down around 1.4%, while the Nasdaq held up little better, dropping only 1.1%.   In the days leading up to today's announcement, the market had seemed unconcerned. Expectations were that the Fed would...

FedEx Corporation (NYSE:FDX): The transportation, e-commerce and business services company beat bottom-line EPS estimates before opening bell Wednesday, but fell just short of revenue expectations. Guidance also came in a little bit light. Investors seemed to focus mostly on the EPS beat as FDX opened more than 1% higher and traded much as 4% higher in the morning session, before giving back the majority...

UPGRADES   Toll Brothers (TOL) upgraded to Buy from Hold at Argus Target $42     DOWNGRADES   Cliffs Natural (CLF) downgraded at BofA/Merrill Target $16   BlackBerry (BBRY) downgraded to Underperform from Market Perform at Bernstein Target $10   Sprint (S) downgraded to Neutral from Outperform at Macquarie   American Eagle (AEO) downgraded to Neutral from Buy at Citigroup Target...

If you haven't heard, today is Fed Day. The FOMC will announce its rate decision at 2pm ET, followed by a press conference from Chairman Ben Bernanke. The US central bank is expected to stand pat while talking more seriously about QE tapering as early as September's meeting. The market has bounced twice off the 50-day moving average leading up to the announcement, suggesting perhaps that investors...

Scott Redler, the Chief Strategic Officer of T3Live.com, and Brittany Umar talk about how the market is doing before the Federal Reserve's interest rate decision. They also discuss the robust action from the tech sector, including SanDisk (SNDK) and Google (GOOG). They also look the charts of Tesla (TSLA), Goldman Sachs (GS), and the Gold ETF (GLD). If you haven't already, make sure to sign up for Scott...

So much for a quiet market ahead of the Fed rate decision. The S&P was widely expected to continue to trade in a range leading up to tomorrow's potentially market-moving announcement, which is perhaps why it didn't. Stocks appeared unconcerned about tomorrow's decision as the S&P surged 0.78% to break out of the wedge pattern we have been highlighting recently.   In last night's Off the Charts newsletter...

General Electric (NYSE:GE) surged 2.36% today, breaking out to new highs on news of a new “Industrial Internet” initiative that has the potential to revolutionize the energy industry.   During this month’s D: All Things Digital conference, General Electric CEO Jeff Immelt spoke about a new massive expansion of this concept called the “Industrial Internet.” Immelt’s most frequent talking...

World markets are basically flat this morning as they hold onto yesterday's gains ahead of the US FOMC rate decision tomorrow. Even Japan is flat, a break from the extreme volatility we have seen in the Nikkei for the past several weeks. The index is now digesting a two-day 5% gain that could mark a swing bottom.   S&P futures are up 3-5 handles and are perhaps ready to knock on the door of resistance...

UPGRADES   HSBC (HBC)  upgraded to Buy from Neutral at Citigroup     DOWNGRADES   Palo Alto (PANW) downgraded to Buy from Conviction Buy at Goldman Target $75     NEW COVERAGE   Quintiles (Q) initiated with a Hold at Jefferies Target $41   T-Mobile (TMUS) initiated with a Hold at Canaccord Target $22   Fusion-io (FIO) initiated with a Buy at Needham Target $20     HEADLINES   Japanese...

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