Stock Market News Today, Dec. 27: U.S. stocks are yet again forging higher in this post-Christmas holiday. As of 10:30 a.m., the Dow Jones Industrial Average is up 22.5 points, or 0.14%, at 16,502.38. The Standard & Poor's 500 Index is up just 1.89 points, or 0.10%, at 1,843.91. The Nasdaq is up 2.70, or 0.06%, at 4,169.88.
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Today, 1.3 million long-term unemployed workers sit restlessly in Congress' palm. They will be left without federal unemployment benefits just three days after Christmas if Washington fails to rework the budget deal to extend the Emergency Unemployment Compensation Program (EUC).
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Large, successful investors have the same goals as smaller ones: raking in big profits.
But these "rich guys" often have more at stake when they make their trades: enormous investments.
For professional investors, there's more still: reputations, public scrutiny of their performance, and often their job…
It makes sense that they are going to go after big money…and do it smartly.
We can follow their lead and rack up the same huge returns…
But the key is knowing the right "rich guys" to follow.
Today (Thursday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the tech companies that are driving the market right now will be among the best investments in 2014.
Robinson believes the growth and earnings of tech companies continue to offer investors what they want – good cash flow and solid earnings. When Varney co-host Charles Payne points out that "Amazon hasn't made a nickel since day one," Robinson counters by saying that "each company has a unique story to tell."
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Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Thursday) to discuss the viability of tech stocks in 2014.
The hype and excitement that follow tech stocks can make them particularly volatile. Although Gilani cautions viewers against tech stocks that have reached 52-week highs, he generally believes tech stocks will soar in 2014, and states that "they're global, they're going to be here for a long time, and they're a good place to remain."
Gilani especially cautions viewers against Yahoo! (Nasdaq: YHOO), as he believes the "underlying numbers have not been looking great," highlighting lower display and search revenue in November.
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Investors love bullish trends like the January Effect – but does this rally even exist like it used to?
The January Effect is stocks' tendency to rise during the first month of the year. It's often paired with the bullish year-end "Santa Claus Rally" as a reason to expect a market bump from December to January.
Here's what you can expect to happen in January 2014...
Editor's Note: Shah shared this true "billionaires' brawl" on Dec. 17th. Today, as promised, he'll show you how to make money from it. Take notes…
Sure, the Herbalife game that pitted Bill Ackman against David Einhorn, Dan Loeb, Carl Icahn, and the rest of the billionaire boys' club was a tad bit personal.
It was also professional, very professional.
All the billionaires playing the Herbalife game are professional money managers. They made their mega fortunes in the markets.
But you don't have to be a billionaire to make money in the game.
In fact, you can play the same game and profit nicely by understanding how to follow their lead.
After all, that's what they're doing.
Most of the world isn't watching.
But they should be.
When you have giant private equity firms heatedly bidding on a copper mine, that's huge news by itself…
Add in China – the world's biggest commodities consumer, responsible for 40% of the world's copper demand – vying for the same mine, and you could be looking at an explosive spike in copper… and, of course, in the companies that get it out of the ground.
First, here's what's going on...
How the stock market did today, Dec. 23: U.S. stocks today close on yet another positive note, hitting record highs after positive consumer data released earlier today.
Consumer spending rose to a seasonally adjusted 0.5% in November, which is the fastest pace of growth since June and on par with Street expectations.
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Bullishness is running rampant on Wall Street, with the stock market charging ahead ever since hitting its lows in March 2009. Today the Dow Jones Industrial Average hit its 48th record close this year. Will this bull continue its rampage, goring bears along the way? Or is it time for caution? Money Morning's Chief Investment […]
Here's why no one can afford to ignore it...
