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Last week's best stocks to buy list at Money Morning stemmed from key events from the U.S. Federal Reserve – if you missed it, here's what you need to know…
The first Fed-related headlines came Monday morning when markets reacted to Fed chief frontrunner Larry Summers stepping out of the running to fill Ben Bernanke's shoes.
Focus then shifted to the central bank's two-day policy meeting that ended with the surprise announcement the Fed will continue its market-friendly $85 billion a month bond-buying program.
Markets initially rallied on the news, but fell sharply Friday after St. Louis Fed President James Bullard said the Fed may make a small cut to its quantitative easing (QE) measures in October. So, we're back to watching every economic report for hints that a QE taper is likely.
In the meantime, here are our best stocks to buy now from last week's Money Morning investment reports and daily articles:
- Even though a Fed tapering and interest rate increase are presently off the table, we know both are coming. That's why it's time to start hedging portfolios. "To do otherwise, Money Morning explains, "is to invite slow death for your core holdings." Luckily, there are moves investors can make to maximize protection while minimizing risk. We share the easiest ways to hedge an inflation and grow a portfolio with a few select stocks.
- The stock market has staged a significant run so far in 2013, with a plethora of equities trading for $10 or less logging tremendous gains. Savvy investors who regularly trade low-priced names with discipline and solid risk management are enjoying steady profits. Finding the best stocks to buy in this $10 and under category isn't always straightforward. That's why investors looking for names in this space benefit from expert recommendations. Executive Editor William Patalon III revisits one of Money Morning's June picks that is up some 40%, with more upside expected.