U.S. stocks kicked off the trading week slightly lower, after posting four straight weeks of gains. Investors remained cautious ahead of Wednesday’s FOMC meeting. While the Fed isn’t expected to announce a rate hike, the messaging in its statement will be key for markets. ‘There will be question marks over what the current thinking is as far as their timeline of interest rate rises are concerned,’ said Alastair McCaig, a market analyst with IG in London. Meanwhile, shares of Starwood Hotels (HOT) were in focus this morning after the company received a buyout offer of $76 a share from a host of different companies. The bid was 8 percent higher than the stock’s closing price on Friday. Finally, Tesla (TSLA) shares were on the rise after the analysts at Robert Baird upgraded the stock to overweight from neutral. The price target was raised to $300 a share, while the stock is currently trading near $207. The analysts are bullish on Model X production and margin expansion. TheStreet’s Scott Gamm reports from Wall Street.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
