BILL - Hot Stocks: Financials rise on Powell speech; SPRT memes higher; BILL jumps on earnings; VMW OLLI fall

Federal Reserve Chair Jerome Powell dominated Friday's discussion on Wall Street. His speech at the Jackson Hole Economic Symposium pointed to a possible taper starting this year, but he remained cool on eventual interest rate hikes. Financial stocks got a boost on news. Regional banks and consumer finance firms saw the best performances. CIT Group (NYSE:CIT), Axos Financial (NYSE:AX), Alliance Data Systems (NYSE:ADS) and Synchrony Financial (NYSE:SYF) all posted noteworthy gains. Elsewhere, Support.com (NASDAQ:SPRT) was a major gainer on the session. Ahead of a planned merger with Bitcoin miner Greenidge Generation, shares got swept up in meme-stock trading and have now tripled in value in the past week. Bill.com (NYSE:BILL) was another major winner on the session. Shares jumped on a strong revenue outlook, climbing to a new 52-week high. The release of quarterly results had the opposite impact on shares of VMware (NYSE:VMW). Concerns about slowing subscription and SaaS

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Hot Stocks: Financials rise on Powell speech; SPRT memes higher; BILL jumps on earnings; VMW, OLLI fall