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Last week's best stocks to buy were influenced by several crises building on Capitol Hill – the 2014 fiscal budget and looming government shutdown, the debt ceiling, and mounting anxieties over the Federal Reserve's QE taper timing.
As a result of these factors, many concerned investors turned to cash.
But with money market instruments yielding next to nothing, you will miss out on 100% of market gains if you are just sitting on cash. Money Morning keeps reminding readers that savvy investors make money in all kinds of markets – and we found just the right stocks to buy to make the most of current conditions.
Here's a recap of our picks for the best stocks to buy now, culled from last week's Money Morning daily articles, videos, and insights from our in-house experts:
- Everybody loves a good comeback story – especially investors. Turnaround stocks are equities that are flying under the radar. The best turnaround stocks will surprise to the upside, return long-term profits, and have an undervalued price. And, the best time to get in is before big Wall Street firms take notice. In 2 Key Turnaround Stocks to Buy Now, Money Morning spotlights two that fit the criteria. And in Cheap Stocks to Buy Now That Could Double Your Money, we share two strong stocks sporting small price tags that are poised to offer lucrative returns.
- Apple Inc. (Nasdaq: AAPL) has been stealing market share from BlackBerry since the launch of its signature iPhone in 2007. The company stole more thunder last week when it sold 9 million new iPhones during their first three days in stores, a record for first-weekend sales. This prompted the tech giant to issue a more upbeat financial forecast, with revenue in its fiscal fourth quarter nearing the high end of its previous $34 billion to $37 billion estimations. And that's only part of the reason why Money Morning believes shares are going higher.