Wall Street Today | Beyond Meat jumped after call for a meme-stock rebound

Federal Reserve officials said they want to avoiding unnecessarily disrupting the U.S. economy as they prepare to start raising interest rates, showing little stomach for an aggressive 50 basis-point move in March.

Investors have raised bets on the pace of increases since Powell spoke, shifting to roughly five this year versus the three that officials forecast in December. But Wall Street economists have split over how time the Fed will act, penciling in as many as seven hikes.

The biotechnology company -- which just filed its Covid-19 vaccine for emergency use in the U.S., as expected -- climbed 13% after trading at an 19-month low last week. Beyond Meat jumped 15% after testing an intraday nadir on Friday.

The Innovator Hedged Tesla ETF (ticker TSLH) will invest 20% of its assets in options tied to the electric-vehicle maker, while the bulk of the rest will be in Treasury bills, according to a Monday filing with the SEC.

Streaming-video services get a surge of subscribers when they launch a hotly anticipated show or movie. But many of these new customers unsubscribe within a few months, according to new data, a challenge even for the industry's deep-pocketed giants.

In two complex debt investments—one presaging the economy's swift shutdown and the other its fevered reopening—Mr. Ackman made nearly $4 billion in profit on an outlay of about $200 million, according to fund documents and people familiar with the matter. In short, he called the pandemic's economic fallout coming and going.

"Many market metrics such as recent performance of high vs. low beta stocks and valuations of small caps are already fully pricing in a recession -- something we do not see materializing," Kolanovic wrote in a note to clients. "The equity market sell-off is overdone in our view, and we reiterate our call to buy the dip, particularly in cyclicals and small caps."

Source: Bloomberg, WSJ, CNBC