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Best stocks to buy for the week ending March 21, 2014: Stock futures ended last week on a bullish note despite ongoing tensions in Ukraine, where Russia continues to trade sanctions with the West.
The Dow Jones Industrial Average gained 1.48% last week to finish at 16,300.45. The S&P 500 hit an intraday all-time high on Friday and gained 1.37% to close at 1,866.60. The Nasdaq ended the week at 4,276.79, up 0.74%.
Money Morning keeps readers current on the best stocks to buy now, and last week was ripe with picks across industries. Here's what we covered.
- On Friday, Money Morning Executive Editor William Patalon III told readers that recent insider buying for a particular stock sent the biggest "buy" signal he's seen. The transaction took place last Monday, March 17, when the stock was at $7.17 a share; on Thursday, shares had zoomed more than 9% to close at $7.74. Here's why Patalon is so bullish on this national security and defense firm.
- More and more initial public offerings (IPOs) are hitting the market – in 2013 alone, 230 U.S.-listed IPOs issued, a 58% increase from 2012. But retail investors have the difficult task of finding real profitability. "If you're not an 'insider,' you'll be watching from afar when an IPO makes its debut," said Money Morning Defense & Tech Specialist Michael A. Robinson. But Robinson provided readers with a solution – one that will give individual investors access to the profits that roll out of the IPO market, but with much less risk.
- The American Association of Individual Investors found that bearish sentiment – 18% at Christmas – doubled to 36% of investors by the first week of February; as of last week, one-quarter of all investors were in the bear camp. That's why on Wednesday Robinson offered readers this strategy – the best play for a scary market…