The past couple of weeks have been interesting, to say the least, in the financial marketplace. Due to the U.S. economy having improved over the past year with more jobs being created and falling unemployment, the Federal Reserve is considering raising interest rates for the first time since 2006.
The S&P and Dow Jones have been slowly falling due to the uncertainty over the Fed’s decision on interest rates, but they have been climbing back up slowly, due to recent speculation that rates may stay as low as they have been.
The Federal Reserve has been closely watched on what their upcoming rate decision will be over the next couple of days and in the coming weeks. Their decision to either raise rates or keep them the same will undoubtedly have a large role in the financial marketplace, and this is definitely something to keep an eye on.
Oil prices have been dropping rapidly, as everyone has seen at the gas stations and in other areas, and on Monday it dropped to a six year low in the U.S.. This will be something to keep an eye on in the coming months, as oil has been projected to drop even lower. However, everyone seems to believe it will eventually rise again. Keep an eye on this, as it will affect the overall economy and your wallet at the gas stations over the summer.
Stock picks for this week:
Apple (NASDAQ: AAPL): It’s been hard to bet against Apple lately, and they have been down recently after the initial announcement of their new watch. This has happened in the past with Apple, however, if the watch sells like some anticipate, its potential is high.
Tiffany and Co. (NYSE: TIF): Tiffany and company has slid roughly 20 percent in the past couple of months due to lackluster sales. However, the outlook is good for this company. The stock seems to have bottomed out, and it has a one year target estimate of 103.77, $18 higher than what it’s trading at now. With a solid background like Tiffany’s, now might be the time to get in.
