Best stocks to buy for the week ending Feb. 21, 2014: U.S. stocks slipped last week as markets reacted to a string of disappointing data from housing to manufacturing.
For the week, the Dow Jones Industrial Average dipped 0.3% to close at 16,103.30. The S&P 500 Index lost 0.1% to end at 1,836.25. The Nasdaq tacked on 0.5% to end at 4,263.41.
Although stocks have regained most of the 6% drop that began in mid-January, markets remain volatile, a notable trend in 2014. So far this year, the S&P 500 has recorded nine daily advances or declines of 1% or more – more than twice the amount seen over the first 31 trading days of 2013, according to S&P Capital IQ.
Money Morning continues to help investors navigate market gyrations, sharing the best investing tips and best stocks to buy now. Following is a recap from last week.
Best Stocks to Buy Now
- Netflix Inc. (Nasdaq: NFLX) enjoyed a spike in viewership with the recent Season 2 premiere of its political drama "House of Cards," with up to 15% of all Netflix subscribers watching at least one episode in the first weekend, according to broadband tracker Procera. NFLX's growing presence, and a wave of new company developments, recently pushed shares to a 52-week high of $441.24. Money Morning Chief Investment Strategist Keith Fitz-Gerald remains a fan of the company's business model and told FOX Business' Stuart Varney where he believes NFLX shares are headed next.
- The hype over Alibaba's initial public offering (IPO) keeps growing, and for many investors, the IPO of China's largest e-commerce company can't come soon enough. In the meantime, investors can get a piece of the Alibaba action before shares hit the market. And it doesn't involve Yahoo! Inc. (Nasdaq: YHOO), which owns a 24% stake. Money Morning Defense &Tech Specialist Michael A. Robinson explained what moves to make to play Alibaba before its IPO.