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Our best stocks to buy list last week stemmed from oil and drug stocks - and some gems from tech, which we learned is not in a bubble...
It was a good week for investing as markets continued hitting record highs. The broad-based S&P 500 Index topped 1,800 for the first time Friday, just one day after the Dow sailed past 16,000, and the Nasdaq ended the week just shy of 4,000 (which it hit Monday this week).
As indexes climb, investors grow increasingly cautious. Predicted outcomes run the gamut from a modest market pullback, to a steep correction, to a bursting bubble.
But investors would suffer most if they didn't invest at all in the current market.
Money Morning has you covered - every week we feature the best stocks to buy now and the best investment moves to make, for maximum profit and investment protection. Here's a recap from last week:
- "Tech bubble" dominated headlines last week, and Money Morning Defense & Tech Specialist Michael A. Robinson made a guest appearance on FOX Business to talk about soaring tech stocks. With investors mulling whether it's time to jump in or jump ship on tech, Robinson offered both an explanation and a solution. Here's Robinson's huge reason why investors should be playing the tech sector today, in addition to his top tech picks.
- Money Morning's Robinson likes to remind investors that the road to wealth is not paved with good intentions - it's paved with tech. And a special situation, called a "corporate spin-off," allows investors to build up their net worth with a "twofer" play: Investors buy stock in the parent company and then receive shares of the spin-off unit - for free - as a dividend. A number of studies show that stocks spun off from their parent company handily beat general market averages - up to 40% in the first two years. To find out which big-name company has a spin-off in the works, and how to lock in profit now, check out Bank 200% Gains from My Recent Dinner Conversation.
- Costco Wholesale Corp. (Nasdaq: COST) has a winning combination that appeals to consumers and investors alike. Consumers like Costco because they know they're getting the most bang for their buck. Investors like Costco because it offers a retail model that allows it to stand out from its peers, while also effectively boosting profits. With 454 U.S. stores and another 180 dotted around the globe, Costco continues to grow locations and profits. Read why Costco will keep beating the competition, and why you should invest in the retail giant.