Today's economic data certainly didn't seem to indicate the broad-based S&P 500 (SNPINDEX: ^GSPC ) would end the day higher, but further commentary from the Federal Reserve outweighed all that news to push us higher yet again.
The "will they or won't they" debate is really starting to weigh on investors. Ever since the Fed commented that it would consider paring back its bond-buying program of Treasuries and mortgage-backed securities, we've been whipsawed up and down. Leading that volatility are investors' interpretations of Fed Chairman Ben Bernanke's comments, and the comments of his Fed governors, which are getting blown out of proportion in both directions. Today, the comments leaned toward keeping QE3 in place, which seemed to please the markets.
On the flipside, economic data wasn't horrific, but it wasn't good, either. First-quarter GDP was revised down 0.1% from its previous estimate of 2.5% to 2.4% and weekly jobless claims rose nearly 3% to a seasonally adjusted 354,000. Both figures would suggest that a slower recovery than wanted is occurring in the U.S. economy.
5 Best Wireless Telecom Stocks To Own For 2014: Megastar Development Corp. (MDV.V)
Megastar Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It owns gold and base metal properties in Quebec and British Columbia. The company holds interests in the SIMKAR property consisting of 557 acres located east of Val d'Or, Quebec; and RALLEAU property consisting of located east of Qu茅villon, Quebec. It also holds an option agreement to acquire 100% interest in a total of 46 mineral claim units located in the Omineca Mining Division, British Columbia. The company is based in Vancouver, Canada.
5 Best Wireless Telecom Stocks To Own For 2014: Atmel Corporation(ATML)
Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. The company?s Microcontrollers segment provides various proprietary and standard microcontrollers, such as Atmel?s capacitive touch products, including maXTouch and QTouch, AVR 8-bit and 32-bit products, ARM-based products, and Atmel?s 8051 8-bit products. Its Nonvolatile Memories segment offers serial interface electrically erasable programmable read-only memory and serial interface flash memory products; and parallel interface flash memories, as well as parallel interface electrically erasable programmable read-only memory and erasable programmable read-only memory devices. The company?s Radio Frequency and Automotive segment provides products designed for the automotive industry, including automobile electronics, networking and access systems, and engine, lighting, and entertainment components. This segment produces and sells wireless and wired devices for in dustrial, consumer, and automotive applications; and offers foundry services, which produce radio frequency products for the mobile telecommunications market. Its Application Specific Integrated Circuit segment provides custom application specific ICs designed to meet specialized single-customer requirements of high performance devices in a range of specific applications. This segment provides products that provide hardware security for embedded digital systems; and products with military and aerospace applications, as well as develops application specific standard products for space applications, power management, and secure crypto memory products. The company sells its products directly to original equipment manufacturers; and indirectly through a network of distributors. It has operations in the United States, Asia, Europe, South Africa, and Central and South America. Atmel Corporation was founded in 1984 and is headquartered in San Jose, California.
Top Cheap Stocks To Invest In Right Now: Rayonier Inc. REIT(RYN)
Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs. Real Estate segment sells medium and large tracts of land with infrastructure. This segment holds development and rural properties primarily in the southeast United States. Performance Fibers segment manufactures cellulose specialties that are used principally in acetate textile fibers, cigarette filters, rigid packaging, LCD screens, photographic film, impact-resistant plastics, high-tenacity rayon yarn, pharmaceuticals, cosmetics, detergents, food casings, and food products; and absorbent materials that are used in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and nonwoven fabrics. Wood Products segment primarily manufactures and sells dimension lumber used for residential and industrial construction applications. In addition, Rayonier involves in trading and exporting logs, lumber, and wood panel products. As of December 31, 2005, it owned, leased, or managed approximately 2.5 million acres of timberland and real estate. The company has a joint venture with RREEF Infrastructure to own and manage timber lands in New Zealand. Rayonier has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes and would not be subject to federal income tax on its REIT income that it distributes to its shareholders. The company, formerly known as Rainier Pulp & Paper Company, was founded in 1926. Rayonier is headquartered in Jacksonville, Florida.
5 Best Wireless Telecom Stocks To Own For 2014: Hingham Institution for Savings(HIFS)
Hingham Institution for Savings provides various financial services to individuals and small businesses in Massachusetts. The company offers various deposit products, which include checking, savings, term certificates, NOW, money market, demand deposit, and individual retirement accounts. Its loan portfolio comprises residential and commercial real estate, construction, equity lines of credit, personal installment, and revolving credit loans, as well as home equity, overdraft protection, and personal and automobile loans. In addition, the company provides debit cards, direct deposits, safe deposit box, automated teller machines, and telephone and Internet-based banking services. As of December 31, 2010, it operated nine offices in Boston and southeastern Massachusetts. The company was founded in 1834 and is headquartered in Hingham, Massachusetts.
5 Best Wireless Telecom Stocks To Own For 2014: Hera SpA (HRA.MI)
Hera SpA is an Italy-based company engaged in the energy, environmental and water sectors. It operates through five segments: Gas, Electricity, Integrated Water Cycle, Waste Management, and Other Services. The Gas segment includes methane gas and Liquefied Petroleum Gas (LPG) distribution and sales services, district heating, as well as heat management. The Electricity segment encompasses electricity production, distribution and sales services. The Integrated Water Cycle segment includes mains water, purification and sewerage services. The Waste Management segment consists of waste collection, treatment and disposal services. The Other Services segment focuses on public lighting, telecommunications and other minor services. On January 1, 2013, the merger by incorporation of Acegas Aps Holding Srl into HERA SpA became effective. In March 2013, it acquired the entire share capital of state-owned Acegas-Aps Holding SpA.
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