How To Trade The Fed's Beige Book Today (SPY, CAT, DE, MMM, BA, TGT)

The Fed's Beige book is being released at 2:00 p.m. today, and the Beige Book will give us anecdotal evidence from the twelve Federal Reserve districts on current economic conditions. This is generally a market moving report, and traders and investors will be interested to see what the different regions have to say. If the Beige Book shows that the economy is continuing to pick up steam in the 12 different regions as many expect, then manufacturing and services stocks should see a little boost, depending upon what each district has to say. Names like Caterpillar CAT, Cummins CMI, Deere & Co. DE, 3M MMM and Boeing BA and Target TGT should continue to see a little boost if the Beige Book continues to show strong manufacturing growth and servicing growth. Shares of CAT closed at $99.86 yesterday. Cummins closed at $99.20, Deere closed at $89.06, 3M closed at $90.46, Boeing closed at $70.12, and Target shares closed at $52.47.