Investors are digesting the latest update from the Federal Reserve Wednesday, including the likelihood of leaving rates higher for longer.
My top 10 things to watch Thursday, Sept. 21 1. Stock futures fell Thursday, one day after the Federal Reserve said it would leave interest rates unchanged, but forecast another rate hike before the end of the year. All three major exchanges were on track for their third consecutive day in the red. 2. Fed non-shocker: The decision and commentary from Fed Chair Jerome Powell were very much in line with expectations.
remains top pick at BMO Capital, Wedbush raises price target to $200 from $170. 9. Olive Garden parent Darden beat on earnings and sales in its quarterly report Thursday. However, same-store sales of the company's fine-dining segment fell more than expected. EPS was $1.78 adjusted vs. $1.74 expected. Revenue: $2.73 billion vs. $2.71 expected. 10. Boston Scientific raises EPS forecast at its 2023 Investor Day presentation. Mizuho, Baird, UBS and Stifel raise price targets.
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