The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
Stocks may be hovering around record highs, but TIAA Portfolio Manager Stephanie Link is still finding unloved areas of the market -- specifically stocks that haven't reacted to positive earnings results.
On Wednesday she added to her positions in , , and since she believes these stocks unfairly sold off following their most recent earnings report.
The Redwood City-based company hit a 52-week high on June 22 after reporting earnings and revenue that topped Street expectations. But as Stephanie Link points out, the stock has fallen almost six percent since then.
She sees the dip lower as an attractive entry point since the company's fundamentals haven't changed.
"I think their transition to cloud is going much more smoothly. They're making much more progress," she said on the "Halftime Report."
She also believes the company -- which trades at sixteen times forward earnings -- is at an "inflection point" for earnings and margins.
Like Oracle, Cummins is another name that's fallen since its post-earnings high.
The company surpassed earnings and revenue expectations when it reported quarterly results on August 1st, but a lack of margin expansion led to some investors taking profits and therefore putting pressure on the stock price.
The stock has now fallen more than ten percent from its recent high, and Link sees the sell-off as a buying opportunity.
She believes the margins -- which many investors took issue with -- were impacted by a "one-time warranty cost," and she likes the company's valuation and dividend yield.
The Columbus, Indiana-based company trades at fourteen times forward earnings, and yields 2.82%.
Despite strong second quarter results, Union Pacific is down almost nine percent from its 52-week high, and it has also drastically under performed its peers this year.
Link, however, is bullish on the company. She likes the management team, and she believes they are making important structural changes.
"This company is doing a very good job at controlling their costs, their operating ratio...margins are going up," she said on the "Halftime Report."
With Union Pacific trailing behind its peers, Link also believes there could be some shifts in the rail space -- specifically investors taking profits in Kansas City Southern and CSX, and putting the money to work in Union Pacific.
Trader Disclosure: Stephanie Link owns Oracle, Cummins, and Union Pacific.