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Fed Continues to Trim Stimulus; Argentina’s Debt Default Impacts Stocks

By: , dated August 1st, 2014

Weekly Wrap Up

Argentina’s debt default drove the stocks down during the latter part of this past week. The debt crisis drove the Dow Jones down over 300 points on Thursday alone. The Fed also announced this week that they will continue to trim the stimulus by an additional $10 billion. The Federal Reserves cited the improving economy and growing labor market as reasons to continue to cut the stimulus.

The Dollar Tree (DLTR) has finalized plans to acquire Family Dollar (FDO) for $8.5 billion. The merger is expected to be completed by early 2015. Companies continued to release their Q2 earnings reports this week with mixed results. UPS (UPS) failed to meet Wall Street’s expectations as their second biggest unit, U.S. package delivery unit profit was down 81.5% from the same time last year.

Economic News

The Jobs Report is Not Good Enough to Boost Housing
The labor market is improving — but the property market, not so much. (Source: Market Watch) Click here to read the full article

What To Do When Both Stock and Bond Yields Are So Low
Historically, there have been times when the stock market’s dividend yield was low. There have also been times of modest bond yields. (Source: ) Click here to read the full article

Business News

Five Stocks to Watch in August 
The U.S. stock market ended July on a bearish note, with the Dow Jones Industrial Average wiping out all of its 2014 gains on Thursday. (Source: InvestorGuide) Click here to read the full article

Family Dollar (FDO) to be Taken Over by Dollar Tree in $8.5B Deal
Shares of Family Dollar Stores Inc. (FDO) were up + 14.57 or +24.02 percent to $75.23 per share in premarket trading Monday morning, after the announcement that Dollar Tree Inc. (DLTR) would be buying the company for $74.50 per share. (Source: InvestorGuide) Click here to read the full article

Oshkosh (OSK) Falls on Weaker 3rd Quarter Earnings 
Shares of Oshkosh, Wisconsin, based Oshkosh Corporation (OSK)  fell on Tuesday in a mixed day in the financial markets overall. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Silicon Motion Technology (SIMO) Gains on Quarterly Earnings Results
Shares of Silicon Motion Technology (SIMO) were trading up +2.35 or +10.26 percent to $25.25 per share in pre-market trading Tuesday morning, after the company announced second quarter earnings which beat analyst expectations. (Source: InvestorGuide) Click here to read the full article

LinkedIn’s Revenue Is A Rocket Ship
LinkedIn reported its earnings on Thursday, and the company beat Wall Street’s expectations across the board. (Source: Business Insider) Click here to read the full article

Your Money

4 Unusual Saving Strategies That Really Work
It’s just one of those facts of life: Saving money can be really hard. (Source: Yahoo Finance) Click here to read the full article

Boring Money Advice That Actually Matters
Personal finance isn’t the most exciting topic. The phrases “emergency fund” and “401(k) contributions” are hardly thrilling, but they’re important—even though a lot of people don’t pay attention to it. (Source: Two Cents) Click here to read the full article

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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