Sponsored by the Dr. Stoxx Options Letter
Here are your top market stories for this week. Keep an eye on these market-moving events and trade accordingly.
1. Apple Inc. (AAPL) is in talks to launch a new TV service. A Wall Street Journal article out today tells us that the service will have 25 channels, including ABC, CBS, FOX and would be available on all Apple devices.
2. Japan's central bank was out today warning that because of the fall in energy prices, and despite its massive $660 billion per year pump into the bond markets, there is a good chance the country could see inflation disappear, and even slip into a deflation cycle.
3. The Federal Open Market Committee begins its two day meeting today, and Fed Chair Janet Yellen will make her much anticipated rate announcement tomorrow before Congress. All eyes will be on the verbiage. Expectations are that the "patience" rhetoric will go away, but that a general dovish tone will prevail since recent inflation indicators have come back below expectations.
4. American Airlines (AAL) was added to the S&P 500 today, replacing Allergan (AGN) whose takeover by Activis (ACT) is expected to be completed today. The switch will go into effect this Friday, March 20. AAL is trading up about 6% today on the news,
5. One of my momentum stock plays, cholesterol lowering drug developer, Esperion Therapeutics (ESPR), is flying high today following the release of positive top-line Phase II results. Shares are trading up over 15% on the news to new alltime highs.
Blessings to all, TC