Wall Street is on track for a subdued open Wednesday, with all eyes on the Fed.
My top 10 things to watch Wednesday, Sept. 18 1. Wall Street is on track for a subdued open Wednesday, with all eyes on the Federal Reserve's decision due at 2 p.m. ET. It's still up in the air whether the Fed will cut by 25 basis points or opt for a larger 50-point reduction. Whatever the Fed does, don't bite first as it will be too soon. 2. Will Starbucks adopt a so-called China Lite strategy under new CEO Brian Niccol? Bank of America says it should, at least.
The analysts kept an overweight rating on shares, noting the company is still early in its high-bandwidth-memory inflection. 8. Needham likes Super Micro Computer and started coverage with a buy and a $600 price target. I am still waiting for some clarity when it comes to the company's accounting. 9. GE Healthcare upgraded to a buy from neutral at BTIG, with a $100 price target. The Club name is no longer counting on China for growth. 10.
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