Fed's Tapering May Be Sooner Than Expected; MSFT Aims High

Stocks fell once again today after news broke that the Fed may begin tapering their buying habits sooner than expected. Credit card late payments are rising marginally from 1.27% to 1.36% due to an increase number of Americans falling behind on their credit card payments. This is in part due to the increase of spending, partially due to back-to-school shopping in the third quarter. Home Depot (HD) isn't the only home improvement store that is showing recent success, Lowe's (LOW) overall revenue beat its forecast but its shares fell a $0.01 below Wall Street's expectations.
Despite J.C. Penney (JCP) reporting third quarter losses its stock price rose 8.4% to $9.44. Is this the beginning of J.C. Penney's turn around...only time will tell. Microsoft (MSFT) has its sites set on returning back to 1999, not on the technology front but returning to the time when its shares were nearly $60. Currently Microsoft's shares are trading around $37 so it has a bit to go, will this upcoming holiday season help Microsoft reach its goal?

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Published on Nov 20, 2013
By InvestorGuide Staff

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