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We'll Tell You When It's Time to Tap Tesla

A week ago today, in a strategy story aimed at helping you survive and thrive in today’s whipsaw markets, Chief Investment Strategist Keith Fitz-Gerald told us to put Tesla Motors Inc. (Nasdaq: TSLA) on our “watch lists” for a likely future purchase.

“BP, Tesla is a definite ‘shopping list’ stock,” Keith told me back then. “We’ve been nibbling at it here, and have played it successfully several times. But it’s not yet at the point where I’m ready to jump all the way in. I think my rationale behind Tesla remains upbeat. I mean, you’ve got a real winning combination here – a disruptive sales model, a CEO who’s the most innovative guy on the planet, all the capital in the world that can be brought to bear. I don’t give a rat’s [tail] that New Jersey won’t let the company sell its cars there. There are much bigger opportunities. Wait ’til you see what the company does with China.”

Sometimes I think Keith has a “crystal ball” in his hip pocket…

  • U.S. Economy

  • Stock Market Selloff: Should Investors Be Worried? 02032014Shah

    The Dow Jones Industrial Average plunged 326 points today, while the S&P 500 dipped 40 points and the Nasdaq dropped 107. In 2014, the Dow is down 7.3%, the S&P 500 5.8%, and the Nasdaq 4.3%.

    Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." today (Monday) to answer today's biggest question: Should investors be worried about this stock market selloff?

    To continue reading, please click here...
  • Best Stocks to Buy Now: A Money Morning Weekly Roundup What are today's best investments?

    Best investments for the week ending Jan. 31, 2014: A sharp sell-off in emerging markets, disappointing earnings from several key companies, and further tapering from the U.S. Federal Reserve left markets reeling last week.

    Despite the nosedive, investors still have plenty of opportunities for profit. Money Morning keeps readers current on the best stocks to buy now and the best investing moves to make for any market conditions.

    Here's what we covered last week:
  • Stock Market Today: Dow Jones Industrial Average Gets Hammered Stocks down

    Stock Market Today, Feb. 3: U.S. stocks closed down Monday after a rough trading session on the heels of a disappointing report on U.S. manufacturing and ahead of a busy week for economic indicators.

    The Dow Jones Industrial Average closed down 326.05 points, or 2.1%, at 15,372.80 points; the S&P 500 Index closed down 2.28%, or 40.7 points, at 1,741.89; and the Nasdaq Composite Index closed down 2.61%, or 106.92 points at 3,996.96.

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  • Today's Stock Market News and Earnings Calendar

    Today's stock market news, Feb. 3: U.S. markets slumped on Friday and posted their worst month since May 2012.

    The Dow Jones Industrial Average tumbled 4.88% in January. Last week, mixed earnings from retail and tech giants collided with renewed concerns about emerging markets and production declines in China.

    With our eye on the Opening Bell, here are five stories to watch this morning.

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  • Stock Market Today: Dow Jones Industrial Average Ends January in the Red Stocks down

    Stock market today, Jan. 31: U.S. stocks closed down Friday, wrapping up a rough January and the worst month in trading in over a year as several corporate earnings weighed on the market.

    All three major indices closed in the red. The Dow Jones Industrial Average closed down 0.94%, or 150 points, at 15,699 points. The S&P 500 closed down 0.65%, or 11.6 points, at 1,783 points, and the Nasdaq Composite Index fell 0.47%, or 19 points, to close at 4,104 points.

    Energy futures closed down today. Light sweet crude oil for March delivery closed $0.74 to settle at $97.49 per barrel. Heating oil for March delivery closed down 1.0% at $3.00 per gallon, and natural gas lost 1.36%, or $0.07, to close at $4.94 per million BTUs.

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  • Today's Stock Market News: The Biggest Stories and Earnings to Watch

    Today's Biggest Stock Market News, Jan. 29:

    Five Stories for This Morning

    • The State of Our Union is Expensive: U.S. President Barack Obama gave his fifth State of the Union address last night. During the speech, he demanded a guaranteed retirement plan for American workers, immigration reform, tax reform, gun control, and economic opportunity for all. The White House even announced it will back a congressional Democratic plan to increase the federal wage to $10.10 over three years, and then index it to inflation.
    To continue reading, please click here...
  • 2014 State of the Union Address: Nine Ideas You'll Hear Tonight and Why They Matter

    SOTU 2014: U.S. President Barack Obama will deliver his fifth State of the Union address tonight, which means tomorrow most media outlets will graph and "wordcloud" his most used buzzwords like "jobs," "invest," and "innovate."

    Instead of waiting until after the SOTU, we put together the nine phrases you're likely to hear tonight - as well as why President Obama needs to address them.

    Here's your outline of State of the Union 2014:

    To continue reading, please click here...
  • Today's Stock Market News: The Biggest Stories and Earnings to Watch

    Today's Stock Market News, Jan. 28: Stocks ended in the red on Monday after emerging-market concerns and jitters on future corporate growth left investors rattled. The Dow Jones Industrial Average and Standard & Poor's 500 both declined, while the lone bright spot was strong quarterly gains reported by Caterpillar (NYSE: CAT).

    With our eye on Opening Bell, here are five stories to watch in today's market:
  • Market News: Dow Jones Industrial Average Falls for Fifth Straight Session Stocks down

    Stock Market News Today, Jan. 27: U.S. stocks are compounding last week's selloff, with all three major indices dropping into the red as home sales fell 7% in December.

    The Dow Jones Industrial Average fell 41.23 points, or 0.3%, to 15,837.75; the S&P 500 fell 0.5%, or 8.73 points, to 1,781.56; and the Nasdaq fell 1.1%, or 44.56 points, to 4,083.61.

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  • Stock Market Today: The Dow Jones Industrial Average Plunges 318 Points Stocks down

    Stock Market Today, Jan. 24: U.S. stocks today are ending this week on a heavy note, as investors continue to absorb a swirl of disappointing earnings reports and worrisome manufacturing data from China.

    All three major indices are logging solid losses: the Dow Jones Industrial Average fell 1.96% or 318 points to 15,879.11; the S&P 500 is down 2.09% or 38.17 points to 1,790.29; and the Nasdaq is down 2.15% or 90.70 points to 4,128.17.

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  • Stock Market Today: Dow Jones Industrial Average Weighed by Weak Earnings

    Stock Market Today, Jan. 22: U.S. stocks today are mixed and trading in a fairly narrow range as corporate earnings season continues - with lackluster results. Investors are cautious ahead of economic data tomorrow that includes jobless claims and existing home sales reports.

    The Dow Jones Industrial Average today is down 0.24% at 16,374. The Standard & Poor's 500 is up 0.2% at 1,841, and the Nasdaq Composite Index is up 0.46% at 4,245.

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  • Stock Market News Today: Housing Starts Weigh on Share Prices

    Stock Market News Today, Jan. 17: The Dow is up but the S&P 500 and Nasdaq down in afternoon trading, and here's why...

    Housing market data today revealed that new home construction fell 9.8% in December to a seasonally adjusted rate of 999,000. The numbers were weighed by starts for single-family homes and apartments, the U.S. Commerce Department reported.

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  • Don't Fear China and Japan Owning More U.S. Debt 20140116_kfg-varney1

    The U.S. Treasury Department said today (Thursday) that total foreign holdings of U.S. debt rose 1.1% in November to $5.72 trillion, putting foreign holdings 0.1% below the all-time high of $5.76 trillion it reached in March 2013.

    In particular, China's holdings reached record levels, increasing 0.9% to $1.32 billion, and so did Japan, which boosted its holdings by 1% to $1.19 trillion. The two countries are the largest and second-largest foreign buyers of Treasury debt, respectively.

    To watch the video, click here...
  • Stock Market Today Slumps on Sluggish Service Industry

    Stock Market Today, Jan. 6, 2014: U.S. stocks, including all three major indices, closed in the red today as growth in the service industries was weaker than expected, adding to the heavy start to 2014 trading.

    U.S. services sector shrank last month, with an index of 53.0, down from 53.9 in November and below expectations for 54.8. But, in a more positive economic indicator, factory orders rose 1.8% in November from a year prior, the U.S. Commerce Department reported.

    In response, the Dow Jones Industrial Average today closed down 0.27% at 16,425, while the Standard & Poor's 500 was down 0.24% at 1,827 and the Nasdaq Composite Index is off 0.36% at 4,118.

    In addition to today's economics reports, retail stocks are likely also weighed by the headline-grabbing cold weather, which investors expect to hurt January's retail sales.

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  • Stock Market News Today: 2014 Starts in the Red

    Stock Market News Today, Jan. 2, 2014: U.S. stocks are kicking off the New Year on a heavy note in today's trading, with the Dow shedding more than 100 points as investors absorb fairly positive reports on jobless claims and U.S. manufacturing.

    The Dow Jones Industrial Average today is down 0.7% at 16,454,74, while the Standard & Poor's 500 is down 0.8% at 1,832.75, and the Nasdaq Composite Index is off 0.93% at 4,137.90.

    Initial jobless claims fell 2,000 to 339,000 last week, which is close to analyst expectations of a small increase for that week.

    To continue reading, please click here...