Investor Beat, Oct. 30, 2013
Oct 30th 2013 7:24PM
Updated Oct 30th 2013 7:26PM
The following video is from Wednesday's Investor Beat, in which host Chris Hill and Motley Fool analysts Bryan White and Matthew Argersinger take a sharp look at some of the biggest investing stories of the day.
At 2 p.m. ET this afternoon, the Federal Reserve announced that economic conditions were still too weak, and that it will continue its quantitative easing program, buying $85 billion in bonds each month. Previous announcements this year that QE would continue saw the market rise, but today's announcement saw a market pullback on the news. In the lead story on today's Investor Beat, Matt and Bryan discuss why the market might not have liked the news this time, and when they would like to see quantitative easing come to an end.
Then, the guys look at four stocks making moves on the market today. Shares of Buffalo Wild Wings hit an all-time high after third-quarter profits rose a whopping 67%. General Motors' third-quarter profits fell 53%, which beat expectations, and the stock rose on the news. LinkedIn now has nearly 260 million members, but shares fell today on news of a third-quarter loss, and guidance that was lower than consensus. And shares of Baidu hit a new all-time high, after delivering impressive results for its third quarter.
Finally, Matt and Bryan tell investors why they're keeping a close eye on shares of Facebook and Starbucks today.
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The article Investor Beat, Oct. 30, 2013 originally appeared on Fool.com.Fool contributor Bryan White has no position in any stocks mentioned. Chris Hill and Matthew Argersinger own shares of Starbucks. The Motley Fool recommends Baidu, Buffalo Wild Wings, Facebook, General Motors, LinkedIn, and Starbucks and owns shares of Baidu, Buffalo Wild Wings, Facebook, LinkedIn, and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.