Amazon Deal Sends Generac Stock Skyrocketing Late
Generac Holdings disclosed a big, long-term deal to supply backup power generators for Amazon data centers. Amazon also will get warrants to buy Generac stock, which skyrocketed late Wednesday. Generac will provide $2.4 billion worth of initial generator deliveries in 2027 and 2028, but the total deal could be worth up to $8 billion.
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Read MoreStock Market Today, Sept. 16: Stocks Slip as Fed Raises Rates
The Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978, the S&P 500 (SNPINDEX:^GSPC) fell 0.45% to 7,551, and the Dow Jones Industrial Average (DJINDICES:^DJI) lost 1.21% to 51,462 as investors processed the first interest rate hike in three years.
Gold fell 0.67% to $4,263.91 as of U.S.
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Read MoreLIVE | Dow Jones, Nasdaq, US Stock Market Today: Check Latest Move in Futures, Dow Jones Falls 800 Points as Fed Raises Rates to 3.75%-4.00% After Fed Chair Warsh Speech | Why …
US Stock Market Today: The stock market of the U.S. witnessed a sharp fall on Wednesday, September 16, after the Fed Chairman Kevin Warsh gave an assertive statement regarding inflation after raising the interest rates by 25 basis points. The Dow Jones Industrial Average was last seen at 51,331.19, falling by 761.92 points or 1.46% and the S&P 500 index was trading at 7,535.84,
Read MoreStock Market Today, Sept. 16: Intel Jumps on SK Hynix Memory-Chip Manufacturing Talks
Intel (NASDAQ:INTC), leading producer of advanced semiconductor chips and processors, closed at $101.05, up 4.03%. Reports of talks with SK Hynix (NASDAQ:SKHY) to manufacture its chips domestically in the U.S. for the first time, along with analyst target hikes, drove the gain. That moved the stock, with investors watching foundry deals and AI demand.
Read MorePrediction: These 2 Vanguard ETFs Could Be Fantastic Long-Term Buys
There are a few things that go into making a great long-term portfolio holding.
ETFs should be broadly diversified around a market or theme. They should come with ultra-low expense ratios. And you should easily be able to explain what they do and how they pick stocks.
Missed Nvidia in 2009?
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Read MoreThe Burst
Market Commentary: Little-known Dutch Stock Is Soaring
Some stocks just don’t get a lot of notoriety but they deserve the plaudits. In the United States if you were to ask someone to name a digital payment processor, you would likely hear the names Square or Stripe, but the odds are Adyen wouldn’t rank highly in a poll.
It’s with good reason that the Dutch firm flies under-the-radar.
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Read MoreThe Ivy
The Max Pain Trade Is…
If one market analyst is to be believed, the path of the market that will lead to most pain will involve a move higher from the early August lows followed by a sharp correction in September and October, repeating a pattern not seen since 1998.
Back then July marked the high and October the low,
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