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Best stocks to buy for the week ending Feb. 28, 2014: The S&P 500 Index finished February up 4.3% at 1,859.45, its best month since October and its best February since 1998.
The Dow Jones Industrial Average ended February 4% higher, trimming year-to-date losses to 1.5%. And the Nasdaq closed out the month up 5%. The tech-heavy index is up 3.2% in 2014 and sits at a 13 1/2-year high.
Five years ago this Sunday, on March 9, 2009, the S&P 500 closed at 676.58, its lowest level since the start of the 2008 financial crisis. Since then, stock returns have more than tripled.
Although stocks are poised to log more gains this year, they're expected to be modest compared to 2013's record run and will be accompanied by greater volatility.
Best Stocks to Buy Now
- We love spin-offs here at Money Morning thanks to the market-beating profit opportunities they offer. Typically our in-house experts make recommendations before separation transactions take place. But Executive Editor William Patalon III is so enthusiastic about this company that he's recommending it now despite the spin-off having already happened. Get the four reasons why this company is positioned to profit from the growing home security solutions market – it's already up 21% in 2014.
- Biotech stocks are on fire this year – the Dow Jones U.S. Biotechnology Index (INDEXDJX: DJUSBT) is up 151.58% year to date. Although investing in a company with a breakthrough drug can reap huge gains, Money Morning Bioscience Investment Strategist Ernie Trembly shared a better strategy: investing in a game-changing technology platform that can fuel a company's entire pipeline. The trick is to get in on these cutting-edge technologies early – and here are three bioscience breakthroughs you can't afford to miss.