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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

  • Stock Market Today

  • Stock Market Today Reflects Strong Reliance on FOMC Meeting

    The stock market today opened on an optimistic note as worries abate about the Fed indicating an end to quantitative easing after this week's Federal Open Market Committee (FOMC) meeting.

    Shortly after the opening bell, the Dow Jones Industrial Average surged 172.02, or 1.14%, at 15,242.20. The Standard & Poor's 500 Index soared 16.43, or 1.01%, at 1,643.16. The Nasdaq jumped 40.11, or 1.17%, at 3,463.67.

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  • Stock Market Today: Is the End of the Winning Streak the Start of Something Big?

    All good things must come to an end...

    A winning investment strategy since the start of the year has been to buy the dips. But that tactic may be changing in the stock market today.

    In another rollercoaster session on Wednesday, U.S. equities fell as investors prolonged a recent selloff spurred by the unwinding of bullish bets.

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  • How the Stock Market Today is Following Up Friday's Big Rally

    Investors took a breather in the stock market today after driving the Dow Jones Industrial Average 207.5 points higher on Friday.

    Just before noon, the Dow Jones Industrial Average was up 1.26, or 0.01%, to 15,249.38. The Standard & Poor's 500 Index added 1.10 to 1,644.48. The Nasdaq tacked on 9.19 to hit 3,478.41

    Friday saw the Dow's second-biggest gain of 2013, after investors cheered a "Goldilocks" jobs report: not too hot, not too cold. For the week, the Dow added 132.55 points, or 0.88%.

    There was plenty of news to sway the stock market today despite its muted open.

    The world's largest credit rating agency Standard & Poor's boosted its credit outlook for the United States to "stable" from "negative" and reduced the threat of further downgrades.

    Citing receding fiscal risks, S&P said the chance of a ratings downgrade is now "less than one in three."

    "It was a quite shocking event for the markets when the U.S. was downgraded to negative, so to have that rating repaired is meaningful," Lawrence Creaturea, a Rochester, NY-based manager at Federated Investors Inc. told Bloomberg News. "Economic data has been improving gradually and S&P's upgrade is a recognition of that."

    Overseas news was mixed.

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  • Stocks to Buy Now: Two Companies with Strong Insider Buying With strong insider buying, these may be two of the hottest stocks to buy now. Here’s why these companies’ directors see huge profits ahead... Read more... Read More...
  • Shah Gilani: "You've Got To Be In It To Win It" shah-gilani-youve-got-to-be-in-it-to-win-it

    Appearing on Fox Business, Capital Wave Strategist Shah Gilani engaged in the age old debate: Bullish or bearish?

    Shah made the bullish case, saying the stock market's rising and investors may want to jump in.

    "I think you got to be in it to win it," Gilani said. "You got to stay in the market as long as the trend is up."

    On the other side was Dan Shaffer of Shaffer Asset Management. He had a decidedly bearish view, warning of a "deflationary depression"

    Check out the lively debate between Gilani and Shaffer in the accompanying video.

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  • Why You Can't Afford to Ignore the Hindenburg Omen Man Blindfolded Q The Hindenburg Omen-a harbinger of stock market crashes-eerily appeared again last week...and the Dow Jones promptly dropped 205 points. But its appearance brought mostly scorn from the mainstream financial media.

    Here are just a few of the headlines from the past week:

    • "Hindenburg Omen is Just Hot Air"
    • "Why 'Hindenburg Omen' Is Just a Superstition"
    And our personal favorite:

    • "Hindenburg Omen is idiotic, and if you believe in it, you should lose your right to own stocks-or anything"
    Several Wall Street analysts reacted as if even being asked about the Hindenburg Omen offended them.

    "Let's not mince words on this subject: This is an example of the worst kind of 'technical analysis' - a market signal essentially designated for media sound bites," Adam Grimes, chief investment officer at Waverly Advisors., told The Wall Street Journal. "The markets may well decline from this point, but they will not do so because of some cleverly named signal. The Hindenburg Omen, we have to say, is mostly hot air."

    Nonbelievers in the Hindenburg Omen say it correctly predicts a stock market crash only 25% of the time, and point out the last time it appeared, in 2010, the markets just kept on rising.

    "In 2010 the accuracy of the 'Hindenburg Omen' indicator went up in flames and the current situation suggests the same result in 2013," huffed Daryl Guppy on the CNBC Web site.

    Yet an appearance by the Hindenburg Omen has preceded every stock market crash but one since 1985, and if you look closely at the numbers this indicator's track record is remarkably accurate.

    Maybe the doubters don't know as much as they think they do.

    "They call it bogus because they don't understand it," said Money Morning Chief Investment Strategist Keith Fitz-Gerald, who called the Hindenburg Omen one of his favorite indicators.

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  • Margin Buying Surpasses 2007 Danger Levels – Is Another Market Crash Coming? Detonator Dollar Q There's nothing like buying securities with money you don't have - or, more precisely, with borrowed money from your broker, with your investments as collateral.

    It's called buying on margin, and it's soaring as the market continues its tear and speculative investors seek a piece of the action. As your stocks appreciate you can borrow even more. A market rally lets you expand your portfolio by piling on more debt.

    But it's potentially dangerous and could portend a stock market crash.

    As the accompanying chart shows, historically there has been a direct link between a surge in margin loans and corresponding stock market peaks - followed by sharp declines in the markets.



    So it's no small matter of concern that the Financial Industry Regulatory Authority reports the amount owed on loans secured by investments climbed to a record high $384 billion at the end of April.

    That topped the previous high - $381 billion in 2007, not coincidentally, just before the financial meltdown and the Great Recession.

    As a percentage of the economy, the latest margin borrowing totaled 2.71% of gross domestic product.

    By comparison, margin borrowing hit 2.73% of GDP in July 2007, during the housing bubble, and 2.81% in March 2000 during the tech bubble, which was followed by a stock market crash.

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  • Why I'm Calling a Market Top Go ahead and party like it's 1999 but don't stay out too late. As Shah Gilani explains, the music is about to stop... Read more... Read More...
  • Stock Market Today: June off to a Guarded Start

    The first trading day of June got off to a muted start at the opening of the stock market today.

    Shortly before noon, the Dow Jones Industrial Average added 34.66, or 0.23%, to 15,150.23. The Standard & Poor's 500 Index slipped 6.42, or 0.39%, to 1,624,32. The Nasdaq gave back 33.87, or 0.98%, to hit 3,422.04.

    Market participants were hoping for a rebound in today's stock market following Friday's steep sell-off.

    Jitters over tumbling Japanese stocks and worries about the Fed winding down its market-supportive bond-buying program sent stocks spiraling Friday, the last trading day of May.

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  • How to Find Stock Market Crash Protection for Your Portfolio The market keeps gaining despite conflicting economic signals. That just means you must be prepared with stock market crash protection; here’s how. To continue reading, please click here... Read More...
  • Why the Bulls Are Back in the Stock Market Today

    The stock market today is off to a strong start with the Dow Jones Industrial Average up more than 150 points around noon.

    Right out of the gate, the Dow advanced 107.78, or 0.70%, to 15,410.88, the Standard & Poor's spiked 14.82, or 0.90%, to 1,664.42, and the Nasdaq jumped 40.47, or 1.17%, to 3,499.61.

    Boosting the stock market today were accommodative comments from international central banks that the printing presses won't be turned off anytime soon.

    The Bank of Japan and the European Central Bank both reaffirmed that their easy money policies will remain intact as long as necessary. The news sent European and Asian markets all up more than 1%, with the momentum spilling over to the United States.

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  • Why Insiders Love these Stocks to Buy Now If you’re looking for stocks to buy now that insiders have faith in, here are three that have seen a surge in buying lately. Read more... Read More...
  • Stock Market Today Reacts to Merger Monday on Wall Street

    It was a muted start for U.S. equities when the stock market today (Monday) opened. But by mid-day, the bulls were back and benchmarks marched higher.

    Just before noon, the Dow Jones Industrial Average rose 13.41, or 0.09%, to 15,354.40. The Standard & Poor's 500 Index added 2.54, or 0.15%, to 1,670.01. The Nasdaq was higher by 6.42, or 0.18%, to 3,505.39

    Year-to-date, the Dow is up 17.17%, the S&P up 16.92% and the Nasdaq 15.88%. Moreover, the number of stocks in the S&P hitting 52-week highs rose to 37.2%, according to Bespoke Investment Group, proof the rally is indeed broad based.

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  • Why These Are Among the Best Stocks to Buy Now 'Look, over there, an overvalued sector!' While investors fall for overpriced stocks, you can clean up on these best stocks to buy now. Read more...
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  • Stock Market Today: Starting the Week in the Red

    The stock market today (Monday) paused on news that a U.S. Federal Reserve policy shift may not be as far away as people think.

    Just before noon, the Dow Jones Industrial Average was lower by 34.22, or 0.23% at 15,084.27. The Standard & Poor's 500 Index was flat at 1,632.97. The Nasdaq eked out a 0.02% gain, or 1.08 points, at 3,438.12.

    Last week, equities continued their seemingly unstoppable climb with the Dow and the S&P closing at records several times. The Dow ended the week up 1%, the S&P 1.2%, and the Nasdaq 1.7%.

    Now with all three indexes up 15% year-to-date, many investors have turned cautions.

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