These Stocks Could Bounce on Fed News

We have all heard the news that Lawrence (Larry) Summers, director of the National Economic Council, has withdrawn his name for consideration to succeed Ben Bernanke as chairman of the Federal Reserve. The sharp rise in stock market futures clearly suggests that Mr. Market is happy that the hawkish Summers is no longer on the path to be Fed chairman, and the news suggests that more accommodative monetary policy will be with us for longer than previously expected in the form of new frontrunner Janet Yellen. We've also seen the 10-year Treasury note pulling back to 2.81% from near 3% just a few weeks ago.

Combining that with recent domestic economic data that point to a weakening in the domestic economy -- the weak August employment report, a September beige book that pointed to modest economic growth and even today's sequential drop in the September Empire Manufacturing Index figure -- many are revising expectations to more moderate Fed tapering in the near term. ...310 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.