A couple of no-brainer stocks that make for ideal buy-and-forget investments are AstraZeneca (NASDAQ: AZN) and Microsoft (NASDAQ: MSFT). AstraZeneca is a robust healthcare company that has a broad portfolio of assets that can generate some promising growth. In the first half of the year, the company reported $22 billion in revenue, which rose 48% year over year (when excluding the impact of foreign exchange). Read More...
Reuters
Wall St slips as Powell sticks to hawkish stance
U.S. stock indexes slipped on Thursday after a broad-based recovery in the previous session as Federal Reserve Chair Jerome Powell’s hawkish comments cemented bets of another large interest rate hike later this month. The Fed is “strongly committed” to controlling inflation but there remains hope it can be done without the “very high social costs” involved in prior inflation fights, Powell said in comments at a Cato Institute conference. “Clearly he’s maintained his existing hawkish tone, and markets still seem to be surprised, so they’re selling off of it,” said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas.
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