Investor Beat: October 10
Oct 10th 2013 6:50PM
Updated Oct 10th 2013 6:52PM
The following video is from Thursday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Taylor Muckerman dissect the hardest-hitting investing stories of the day.
House Republicans have offered to raise the debt ceiling for an additional six weeks, prompting a rebound in the Dow, S&P 500, and Nasdaq. Is this a sign of progress, or does this only kick the can further down the road? In today's lead story on Investor Beat, Jason and Taylor take a look at the continuing government shutdown, how investors should react, and which types of stocks may be affected.
Also, they take a look at four stocks making big moves today. Citrix Systems is down after lowering guidance on its upcoming quarterly results. Ruby Tuesday fell hard to a 52-week low after terrible first-quarter results, including same-store sales falling 11%. Sirius XM is up on the news that the company will spend an additional $2 billion on share buybacks. And Facebook rises on news that spending on mobile advertising more than doubled in the first half of 2013.
Finally, Jason and Taylor tell investors why they'll be keeping a close watch on shares of Chesapeake Energy and Safeway this week.
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The article Investor Beat: October 10 originally appeared on Fool.com.Chris Hill, Jason Moser, and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends Liquidity Services. It recommends and owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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