Red Hat stock price, RHT

Red Hat stock chart:



Red Hat close price: 83.78

Stock price forecast:

DOWN TO -12.23%
Target: 73.53

Total forecasts: 90
Reached: 66 (73.33%)

Total Win: 218.57 (302.28%)

DaysForecastsReached%Reached points%InvestedUnreached%Total%
90916773.63%220.793.35%1,953.32-57.40-2.94%163.392.34%
3031722.58%11.930.51%1,953.32-57.40-2.94%-45.47-1.83%
141500.00%0.000.00%1,244.26-12.44-1.00%-12.44-1.00%
7800.00%0.000.00%674.023.780.56%3.780.56%

Showing 1-10 of 488 items.
Date of ForecastStock PriceTarget PriceForecast Reached Date
2017-02-2883.7873.410000-00-00
2017-02-2784.8674.140000-00-00
2017-02-2684.8670.40000-00-00
2017-02-2584.8670.70000-00-00
2017-02-2484.669.130000-00-00
2017-02-2384.7173.80000-00-00
2017-02-2283.7570.410000-00-00
2017-02-2182.670.60000-00-00
2017-02-2082.670.780000-00-00
2017-02-1982.670.310000-00-00

Red Hat latest news:


  • 02/27/2017 15:13:04

    Kindred Healthcare tp halt dividend after March to pay debt, invest in growth

    Shares of Kindred Healthcare Inc. (KND) rose more than 4% late Monday after the company said it will halt its dividend after a March dividend payment in order to pay down debt and invest in growth. Kindred said in a statement its board of directors approved a cash dividend of 12 cents a share, payable March 31 to shareholders of record March 13, and has determined that the company's stock trading levels "do not sufficiently reflect the value of the company's quarterly cash dividend."

  • 02/27/2017 14:12:24

    Dow on the verge of making history with a 13th gain on Tuesday

    Lucky 13! That's the history-setting mark the Dow Jones Industrial Average is on track to hit, if it finishes in positive territory on Tuesday. That would mark the 13th straight record close for the Dow , which would represent the longest such record streak in the history of the roughly 120-year old equity benchmark, according to Dow Jones data. On Monday, the stock gauge registered its 12th straight record, finishing up 16 points, or 0.1%, at 20,837--matching the longest record streak going back to 1987. The S&P 500 index and the Nasdaq Composite Index also closed higher. The moves come ahead of a highly anticipated address from President Donald Trump Tuesday night in front of a joint session of Congress, where investors hope that he will offer more details on his business-friendly policies. Equities, here and abroad, have rallied mightily since Trump's election victory in November, on the hopes that he will make good on campaign pledges to deliver tax reform, loosen regulation and back a raft of fiscal stimulus plans. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/27/2017 13:50:40

    ABC's politically charged Oscars broadcast is lowest in nine years

    Walt Disney-owned network ABC drew its lowest Oscar viewership in nine years. The Oscars award ceremony pulled in an average 32.9 million total viewers, according to Nielsen data, which was down compared with last year's 34.4 million viewers. Though the broadcast has been slipping in recent years it still managed to beat out the Golden Globes by 12.9 million viewers and the Grammys by 6.8 million. The ceremony garnered a 22.4/36 Nielsen overnight rating for its telecast of the 89th Annual Academy Awards on Sunday. That means 22.4% of households with a TV watched the awards ceremony and 36% of households actually watching TV at the time were tuned into the Oscars. "Moonlight" took home the night's grand prize of best picture, beating out favorite "La La Land" in a surprise twist ending. The ceremony, coming a little more than a month after President Donald Trump's inauguration, served as a platform for filmmakers and host Jimmy Kimmel to make political commentary and jokes. The 2017 telecast was on par with last year's show, which had a 22.5/36 rating. Shares of Disney are up nearly 16% in the trailing 12-month period, while the S&P 500 index is up more than 21% and the Dow Jones Industrial Average is up 25% in the same time frame.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/27/2017 12:55:56

    Wireless carrier stocks fall amid budding price war in unlimited data

    A budding price war in unlimited data plans sent shares of the major wireless carriers lower in, after AT&T Inc. and T-Mobile U.S. Inc. fired the latest salvos on Monday. AT&T's stock slid 1.4% in afternoon trade after the company lowered the price of its unlimited plan to $90 from $100, less than two weeks after opening up the plan to all subscribers. T-Mobile's stock shed 0.6% after the company said early Monday that it was giving a free line of service for a limited time to virtually all of its customers with at least two voice lines. On Feb. 14, Verizon had finally caved to competition by reintroducing unlimited wireless plans, in response similar moves by its competition. Verizon's stock slumped 1.6% in afternoon trade Monday. Elsewhere, Sprint Corp.'s stock shed 0.3%. Meanwhile, the iShares U.S. Telecommunications ETF tacked on 0.3%. AT&T shares have gained 6.5% over the past three months, while T-Mobile's stock has rallied 13%, Verizon shares have lost 1.7% and the S&P 500 has climbed 7.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/27/2017 10:17:15

    Under Armour's stock drops after analyst recommends investors sell

    Shares of Under Armour Inc. dropped 1.3% in midday trade Monday, after Instinet turned bearish on the athletic apparel and accessories company, citing concerns that the company no longer warrants a high-growth valuation. Analyst Simeon Siegel cut his rating to reduce from neutral, and slashed his stock price target to $16, which was 26% below current prices, from $27. He wrote in a note to clients that Under Armour "appears to have matured past its high-growth phase, while still enjoying its high-growth multiple." He said that while he believes the company has an "exciting path" ahead in terms of sales growth, even in an overly optimistic scenario the stock is "fairly valued at best," and could be hurt by anything short of perfections. Under Armour's price-to-earnings ratio of 47.97, according to FactSet, was still nearly double rival Nike Inc.'s P/E ratio of 25.40. Under Armour's stock has plunged 30% over the past three months, while Nike's stock has soared 12% and the S&P 500 has gained 6.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/27/2017 09:47:05

    Sales of laptops, desktops and tablets to stagnate through 2021

    Global shipments of personal computing devices, such as PCs, desktops and tablets are expected to decline further over the next five years, according to new estimates from industry tracker IDC. An estimated 418.2 million units are expected to be shipped in 2021, compared with 435 million in 2016, according to IDC. That represents a five-year compound annual growth rate of -0.8%. The bearish forecast follows several years of declines in PCs and traditional tablets. Last year, tablet shipments alone were down 15.6%, while PC shipments fell 5.7%. This comes as consumer device manufacturers, such as Apple Inc. and Alphabet Inc. , continue to put a greater focus on developing software services. Shares of Apple gained 0.1% to $136.85 on Monday, while Alphabet's traded flat around $847.77. The S&P 500 was down around 80 points. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/27/2017 08:46:32

    Urban Outfitters downgraded to sell at MKM because Anthropologie is 'too edgy' and expensive

    Shares of Urban Outfitters Inc. fell 0.9% in morning trade Monday, after MKM Partners turned bearish on the apparel and accessories retailer because of concerns over sales and margin declines at its Anthropologie stores. Analyst Roxanne Meyer cut her rating to sell, after being at neutral since September 2015. She slashed her stock price target to $20, which is 25% below current levels, from $25. "Our negative thesis is primarily based on our view that sales and margins will deteriorate meaningfully in 2017 at Anthropologie, though we also see risk at Urban Outfitters as it laps reductions in markdowns and as key brands widen distribution," Meyer wrote in a note to clients. "We believe Anthropologie is too edgy, lacks diversity (i.e., over-exposed to bare and cold-shoulder looks) and generally has prices that are too high." Urban Outfitter's stock has tumbled 21% over the past three months, while the SPDR S&P Retail ETF has lost 6.1% and the S&P 500 has climbed 7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/23/2017 17:40:29

    Super Micro plummets after report Apple cut ties on security fears

    Super Micro Computer Inc. dropped 8% in late trading Thursday after a report said Apple Inc. ended its relationship with the company after finding "a potential security vulnerability" in a data center server provided by Super Micro. The Information's Amir Efrati reported, citing a Super Micro executive and unnamed sources, that Apple discovered an issue with the Super Micro equipment in early 2016, and that Super Micro stopped shipping equipment to Apple by the middle of the year. Super Micro slashed its forecasts in July 2016, leading to a big stock drop, and disclosed in an earnings conference call a couple weeks later that it had lost two large data center customers that the company did not name. Super Micro shares fell to $25.20 in late trading Thursday after The Information released its report, after closing the day's session at $27.40.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/23/2017 15:01:37

    Private prison stocks jump after Trump official says feds will continue using facilities

    President Donald Trump's attorney general Thursday rescinded a memorandum that would have ended the federal government's use of private prisons, and stocks in companies that provide those services jumped. CoreCivic Inc., formerly Corrections Corp. of America, rose 3.7%, and The GEO Group gained 1.5% in immediate late trading after the move was announced. Both stocks suffered greatly in the wake of the Justice Department's announcement in August that it would phase out using private prisons, which closely followed a Mother Jones investigation detailing life in one of CoreCivic's facilities in Louisiana. CoreCivic took on its new name and slashed staff amid the fallout. Private prison companies rebounded after Trump won the election, however; The GEO Group has gained 98.2% and CoreCivic is up 136.8% since Nov. 8, 2016, even before Thursday afternoon's bump.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/23/2017 12:12:18

    Mexico peso rallies on comments from Trump administration officials

    The Mexican peso strengthened against the dollar on Thursday after several top Trump administration officials stressed the importance of maintaining positive relations with the U.S.'s southern neighbor. The peso strengthened early in the day, part of a broad-based rally in emerging-market currencies, after U.S. Treasury Secretary Steven Mnuchin offered what some market strategists characterized as a lackluster defense of the U.S.'s strong dollar policy. The dollar was down 1.4% at 19.65 pesos in recent trade, compared with 19.94 pesos late Wednesday in New York. He also emphasized that relations between the two countries remain positive. The currency added to its gains later in the day after U.S. Secretary of State Rex Tillerson said his trip to Mexico was "forward-looking," and that officials from the two countries were focused on their common interests. He also said that Mexican Secretary of Foreign Affairs Luis Videgaray also said the meeting was "a good step" toward cooperation. The currency is presently trading at levels not seen since Nov. 9, the day after the U.S. election. It rallied sharply earlier in the week after Mexico's central bank introduced a new hedging facility. "[President Donald Trump] said a lot of inflammatory stuff during the campaign but in reality their relationship is going to have to be one of mutual cooperation and strong ties," said Win Thin, global head of emerging-market currency strategy at Brown Brothers Harriman. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/23/2017 06:17:42

    'The Walking Dead' owner AMC Networks reports better-than-expected Q4 earnings

    AMC Networks Inc. reported profit and revenue for the fourth quarter on Thursday that came in above Wall Street expectations. Net income for the quarter was $14.5 million, or 20 cents per share, compared with $90.1 million, or $1.23 per share, during the same period a year ago. Adjusted earnings per share were $1.30, above FactSet's consensus of $1.27. Revenue increased 7.5% to $729.6 million in the quarter, compared with $679.0 million in the year-earlier period. Fourth-quarter revenue was above the $710.0 million FactSet had forecast. The media and entertainment company said revenues at its national networks segment, which includes AMC, WE tv and BBC America to name a few, rose 9.2% to $614.1 million. AMC's hit show "The Walking Dead" is the No. 1 show on TV and AMC Chief Executive Josh Sapan said in a statement that it "Is a powerful example of programming that we own and distribute that commands a loyal audience, attracts advertising revenues and has significant ancillary revenues that will benefit our business for years to come." Shares of AMC were inactive in premarket trade, but are down 16% in the last 12 months, while the S&P 500 Index is up 23%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/23/2017 06:04:11

    Qualcomm to subsidize virtual-reality costs for headset makers

    Qualcomm Corp. is doubling down on its virtual-reality efforts as it seeks to make its processors more attractive to headset manufacturers over rivals, such as Intel Corp. . The company announced Thursday a head-mounted display accelerator program designed to help original equipment manufacturers enter the virtual-reality market by subsidizing some of their engineering costs. Qualcomm said it will help to reduce the time it takes to create, develop and go to market, and estimates the program will help manufacturers get a commercial product available "within just a few months." Qualcomm's Snapdragon chips, which compete with similar chips produced by Intel, power the technology behind immersive virtual-reality experiences. Last year, the company said it was developing a standalone headset that could be easily adapted to specific manufacturers' specializations. At CES this year, Intel also showcased its own standalone virtual-reality headset called Project Alloy. Shares of Qualcomm were inactive in premarket trade. They've declined by more than 16% in the past three months, underperforming a 7.2% increase for the S&P 500 . Intel's shares are up 2.5% in the past three months. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/22/2017 10:51:36

    U.S. Auto Debt Hits Record High

    Auto loan debt in the U.S. hit record highs in the fourth quarter spurred by year-end incentives for new vehicles that pushed the auto finance industry to a $1.16 trillion peak in 2016, the New York Federal Reserve said in its first quarter 2017 Household Debt and Credit report.  Read More

  • 02/22/2017 09:34:00

    The Sharks and 'Shark Tank's' Most Frustrating, Yet Successful Entrepreneur on Who Was The Bigger Fish

    Copa Di Vino founder James Martin isn’t bothered by the fact that the “sharks” of ABC's "Shark Tank" don’t have fond memories of his two infamous appearances.

  • 02/22/2017 05:16:33

    Mobileye stock ticks higher after earnings win

    Shares of Mobileye N.V. climbed 3% in premarket trade Wednesday after the company reported stronger-than-expected fourth-quarter earnings. The company, which provides technology that helps power driverless cars, reported net income of $32.6 million, or 14 cents a share, compared with $18.8 million, or 8 cents a share, in the year-earlier period. Excluding one-time items, non-GAAP earnings were 22 cents, topping the average analyst estimate of 20 cents, according to FactSet. Revenue for the three-month period climbed 45.6% to $104.6 million from $71.8 million in the year-earlier period, beating the consensus estimate of $96.4 million. Mobileye attributed the results to stronger demand for autonomous-vehicle technology that helped spur new business from automakers. Mobileye stock has increased more than 18% in the past three months and 59% in the past year, outperforming the S&P 500 , which is up 7% in the past three months and 22% in the past year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/21/2017 16:27:58

    Aeromexico board supports Delta's offer of increased stake

    Grupo Aeromexico SAB de CV said its board would accept Delta Air Lines Inc.'s offer to acquire a 49% stake in the company. Back in November, Delta offered to increase its interest in the Mexican airline from its current 4.3% stake for 43.59 pesos a share, and on Feb. 13 boosted that offer to 53 pesos a share because of a decline in the peso. Since November, Aeromexico shares have risen 25% in local currency and last closed at 46.93 pesos a share. Aeromexico, in a statement, said its board "considers such price is both supported from a financial perspective and represents fair value." Delta shares declined 0.1% to $51.15 after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/21/2017 08:21:46

    PepsiCo will change Naked Juice labeling as part of settlement with healthy foods watchdog

    PepsiCo Inc. will change the labeling of its Naked Juice smoothie products as part of a settlement agreement with the watchdog Center for Science in the Public Interest. The changes, which PepsiCo plans to implement over the next eight months, include changes to the naming system to explicitly state the nature of the product -- such as "fruit juice" or "fruit and veggie juice" -- and what's inside of it, for example, "kale flavored blend of 8 juices with other natural flavors," according to the agreement. Any imagery on the labels and descriptive statements will also reflect the product's most significant ingredients, and the claim "no sugar added" will be displayed less prominently, along with the disclaimer that the product is not a low-calorie food. The company also said it will not use "unsubstantiated health-content or health-based claims" in marketing or advertising of Naked juices. The settlement does not count as an admission of wrongdoing, PepsiCo and Naked Juice said. CSPI, which advocates for a healthier food system, commended PepsiCo on its cooperation and "commitment to transparency." "Consumers deserve to know at a glance what they're buying, and Naked's labeling and marketing enhancements accomplish that," litigation director Maia Kats said. According to the agreement, the various labeling and marketing commitments expire in five years maximum, and could expire earlier depending on changes in the products or relevant regulations that would affect the entire agreement. PepsiCo agreed to remove the "all natural" claim from its Naked line in 2013 as part of a $9 million lawsuit settlement. PepsiCo shares were up a scant 1.0% in morning trade Tuesday. Shares have surged 6.9% over the last three months, compared with a 7.0% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/19/2017 12:12:03

    UPDATE 4-SpaceX launches rocket from historic NASA pad in Florida

    CAPE CANAVERAL, Fla., Feb 19 (Reuters) - A SpaceX Falcon rocket blasted off on Sunday from a Florida launch pad once used to send NASA astronauts to the moon, a step forward for billionaire entrepreneur Elon Musk and his company's goal of ferrying astronauts to the International Space Station. The 229-foot tall (70-meter) Falcon 9 soared off a seaside launch pad at the Kennedy Space Center at 9:39 a.m. EST (1439 GMT) carrying a Dragon cargo ship that holds supplies and science experiments for

  • 02/17/2017 15:41:28

    Kraft Heinz Needs a Deal, But Can It Really Afford Unilever?

    Even at the lowball price Kraft Heinz Co. has offered, buying soap-to-soup giant Unilever PLC would stretch its balance sheet to its limits. But the U.S. food group needs a deal. Investors cheered news of the potential acquisition, sending Kraft Heinz (KHC) shares up 8% at the open. 3 G Capital--the Brazilian investment firm that teamed up with Warren Buffett' s Berkshire Hathaway to buy Heinz in 2013 and then merged it with Kraft two years later--is a legendary costcutter.

  • 02/17/2017 13:15:44

    Hertz, Avis stocks drop after Credit Suisse downgrades

    Shares of Hertz Global Holdings Inc. dropped 7.2% in active afternoon trade Friday, after Credit Suisse turned bearish on the car rental company, citing a lackluster growth environment that is exacerbated by operational struggles. Analyst Anjaneya Singh downgraded the stock to underperform from neutral, and slashed the stock price target to $15, which is 25% below current levels, from $27. "In an environment that presents weak volume growth, flattish pricing and inflationary fleet costs, we see [Hertz] struggling to generate profit growth reflected in consensus estimates," Singh wrote in a note to clients. Avis Budget Group Inc.'s stock slumped 5%, after Singh downgraded the stock to neutral from outperform, citing Avis's the surprise negative volume growth Avis reported for the fourth quarter. Hertz's stock has tumbled 41% over the past 12 months, while Avis shares rallied 15% and the S&P 500 climbed 22%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/17/2017 10:36:48

    When A Politician Says 'Fake News' And A Newspaper Threatens To Sue Back

    If the Colorado newspaper files a lawsuit, legal experts said it would be the first of its kind, potentially setting a legal definition for what is considered fake news and what is not.

  • 02/17/2017 10:00:45

    S&P Stress Tests Show Rising Subprime Auto Losses

    S&P Global Ratings ran the auto finance industry through five historical stress scenarios and found that both prime and subprime losses are likely to rise in the coming years. While the research isn’t fully published yet, preliminary results were shared during an auto-finance-focused webcast, which showed that even the mostRead More

  • 02/17/2017 06:13:58

    General Mills shares drop after it lowers sales outlook

    General Mills Inc. shares dropped 4.1% in Friday premarket trading after the food company lowered its guidance for fiscal 2017, ending in May. The revision is largely due to recent sales performance of U.S. yogurt and soup. General Mills organic net sales are now expected to fall about 4%, which is the low end of the 3%-to-4% decline in the previous guidance range, "due primarily to a widening gap between the company's level of promotional activity and that of competitors in the U.S. yogurt and soup categories." Adjusted earnings per share are expected to increase 5% to 7% in constant currency. General Mills shares are up 5.9% for the past year while the S&P 500 index is up 21.8% for the same period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/17/2017 01:32:01

    S&P downgrade warning sends Toshiba shares falling

    TOKYO (Reuters) - S&P Global Inc said in a report on Friday it could cut its rating of Toshiba Corp credit by several notches should the Japanese firm receive financial support that includes debt restructuring, sending Toshiba stock down 9 percent.

  • 02/17/2017 01:27:58

    South Korea court declares Hanjin Shipping bankrupt

    A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm's liquidation value would be worth more than its value as a going concern. Hanjin Shipping, which had been the world's seventh-largest container shipper, applied for court receivership in late August after its creditor banks halted further support.

  • 02/16/2017 16:44:21

    Trump national security pick to replace Flynn reportedly turns down job

    President Donald Trump's replacement for national security adviser Michael Flynn has rejected the offer, according to media reports late Thursday. Vice Admiral Robert Harward, a former Navy SEAL, was offered the job by Trump following the resignation of Flynn because of his controversial communications with Russian officials. CBS News reported Harward turned down the job because he and "the administration had a dispute over staffing the security council." The Financial Times reported that Harward turned down the job because of his perceived conflict "between the call of duty and the obvious dysfunctionality" of the White House. Both CBS and FT cited two unnamed sources close to the situation. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/16/2017 15:55:04

    With Samsung chief's arrest, three executives in spotlight

    A South Korean court on Friday ordered the arrest of Jay Y. Lee, the 48-year-old head of the Samsung Group, on suspicion of bribery and other charges in a corruption scandal that led parliament to impeach President Park Geun-hye.

  • 02/16/2017 14:04:17

    Dow extends record-setting streak as S&P 500, Nasdaq slip

    The Dow Jones Industrial Average closed at a record for a sixth session in a row while the broader market faltered on weak energy and consumer discretionary shares. An announcement by President Donald Trump that a new health plan to replace the Affordable Care Act is likely by March ahead of his proposed tax reform also dampened sentiment. Investors had been bidding up stocks in anticipation of Trump's tax cuts which are widely viewed as pro-business and supportive of the economy. The Dow rose 8 points to finish at 20,620. The S&P 500 fell 2 points to close at 2,347 while the Nasdaq Composite Index dropped 4 points to close at 5,814.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/15/2017 18:03:47

    Samsung chief arrives at prosecutor's office before arrest hearing

    SEOUL (Reuters) - Samsung Group chief Jay Y. Lee appeared at South Korea's special prosecutor's office on Thursday before a court hearing that will decide whether to issue an arrest warrant over his role in a corruption scandal that has engulfed President Park Geun-hye.

  • 02/15/2017 14:05:25

    Trump will have impact on Fed but markets should be reassured by continuity, Bullard says

    President Donald Trump's appointments to the Federal Reserve will press for their desired policy but markets should be reassured that a lot of continuity will remain in place at the central bank, said St. Louis Fed President James Bullard on Wednesday. "You still have a lot of institutional memory. You have a very good staff. They [the Trump appointees] can push policies in a direction, but generally speaking there is a lot of continuity and I think markets should be reassured by that," Bullard said in an interview on the Fox Business Network. The St. Louis Fed President said that he thinks the Trump administration and the central bank will "get along famously." "The Fed tends to be a very collegial organization, a very professional organization. And I think we'll do well in this environment, as we have in others," he said. There will soon be three vacancies on the Fed's seven member board of governors that Trump can fill. And Fed chief Janet Yellen's term expires next February. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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