Best stocks to buy for the week ending Jan. 3, 2014: After closing out 2013 with stellar gains and numerous records – 52 all-time highs for the Dow, 45 for the S&P 500 Index, and 66 for the Russell 2000 – investors ushered in 2014 with a muted welcome.
The Dow dropped 135 points, or 0.8%, last Thursday, marking the first time since 2008 the blue-chip benchmark finished in the red on the first trading of the year. For the week, the 30-stock average lost 0.05%. The S&P 500 ended the first week of 2014 lower by 0.54%, and the Nasdaq was off 0.27%.
Trading was light in the shortened week, with many investors and traders still on extended holiday. Money Morning, however, remained hard at work bringing readers the latest news, best investment ideas, and best stocks to buy now. Here's a recap:
- Your 2014 Investment Watch List: In 2013, with the Dow turning in its best performance since 1995, the S&P 500 since 1997, and the Nasdaq since 1999, gains were indeed broad-based. Money Morning gurus are also boasting some hefty gains from their shared stock picks. For example, Chief Investment Strategist Keith Fitz-Gerald uncovered a whopping 80% gain for readers of his Money Map Report with an insurance company recommendation that also rewards investors with a hearty dividend. Meanwhile, Defense & Technology Specialist Michael A. Robinson delivered an enormous 100% return with a political-proof defense contractor. As we kick off 2014, Money Morning experts shared some company names, sectors, and industries they're watching. This is one story you can't afford to miss.
- Many cautious and reluctant investors missed last year's record-breaking rallies and are now kicking themselves for sitting on the sidelines. Money Morning Event Trading Specialist Shah Gilani advises those who want to jump into stocks to start buying now, but to also be aware of the risks. With a correction due, and likely in 2014, Gilani recommends several solid performers that also sport attractive dividend yields. And in the event of a pullback, Gilani says to be prepared to buy the dips. Find the stocks he named and how to navigate 2014 in Making Money in a Generational Bull Market.