All across the NBA playoffs and the NHL's quest for the Stanley Cup, teams are taking care of business, much like I expect to do with today's pick.
The Los Angeles Lakers brought their brooms to the party earlier than expected, as they swept the Denver Nuggets right out of the first round of the playoffs. Elsewhere on the hardwood, the Orlando Magic advanced to the next round with a 4-1 series win over the Toronto Raptors, while Hornets, Spurs, Jazz and Cavaliers all took a commanding 3-1 series lead. On the pond, the Dallas Stars, Detroit Redwings, and Pittsburgh Penguins all have jumped out to a quick 2-0 series lead in the second round of the NHL playoffs. Their hard work, attention to detail and ability to exploit opportunities are helping these teams get closer to their ultimate goals. However, the league playoffs were in stark contrast to yesterday's market, which didn't have momentum in either direction. The Dow and S&P finished the session a sliver below where they started, while the Nasdaq eked out a narrow victory. Many investors were likely hesitant to make any big bets ahead of the Fed's two-day meeting, which starts today. The Fed is generally expected to slice the fed funds target rate, which currently stands at 2.25%, by 25 basis points. All these factors could impact the playing field. However, one of the best ways to put yourself in a position for a win is to get behind a winner.Featured Photo Galleries
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