Best stocks to buy for the week ending Nov. 29, 2013: Last week's Thanksgiving holiday may have made for an abbreviated week, but there was no shortage of market-moving news.
While the Dow Jones Industrial Average and S&P 500 closed Black Friday modestly in the red, both continued an eight-week winning streak and are up 22.8% and 26.6% respectively year to date.
The Dow has set 44 all-time highs this year and is up 146% since the market lows of March 2009. The Nasdaq topped 4,000 last week for the first time in 13 years and is up 34.5% since January.
It's crucial for investors to know how to make the most of these record-hitting highs… and not get burned. Every week Money Morning guides readers to the best stocks to buy now (and which to sell), in addition to the best investment moves for maximum profit and portfolio protection. Here are the highlights from last week:
- Retail is on Wall Street's radar as Main Street gears up for the 2013 holiday shopping season. Prospects for retail into year's end are gloomy. According to Bespoke Investment Group, retail stocks historically underperform during the final two months of the year. But Money Morning found a way investors can profit from the robust shopping season with a stock that's a quadruple threat: It's an Internet, tech, entertainment, and retail stock all on one. This is one stock to put on your year-end shopping list.
- Insiders – and in particular, chief executive officers and chief financial officers – have intimate knowledge of a company's current condition and future prospects. So when insiders start buying up shares of their own company, investors should take notice. In fact, research shows that when insiders scoop up shares of their company's stock, the stock outperforms the market by 8.9% over the next year. Money Morning's Sid Riggs showed readers an easy and effective way to track insider trading for maximum profit in The 8th "Spark" Could Ignite a 1,300% Gain – Here's How to Find It. We also highlighted three stocks insiders can't seem to get enough of. You'll find this trio of best stocks to buy now right here.