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Best stocks to buy for the week ending Jan. 24, 2014: Stocks tumbled last week as investors fled global markets amid soft data out of China, and traders dumped crumbling emerging market currencies.
For the week, the Dow dropped 3.5% or 580 points, falling back below the 16,000 level to end at 15,879. The S&P shed 48 points, or 2.6%, slumping below 1,800 to end at 1,790. And the Nasdaq slipped 1.7%, or 69 points, to 4,128.
But Money Morning never slips – investors can always count on us to interpret the big market-moving events, sift through earnings reports, and share the best stocks to buy now. Here's a recap from last week:
- Netflix Inc. (Nasdaq: NFLX) shares soared 15% last week following strong Q4 earnings. It was a tremendous triple beat for the streaming video provider: NFLX solidly beat analysts' estimates on earnings, revenue, and new subscriber count. Get all the details on Netflix's outstanding quarter here. Money Morning Defense & Tech Specialist Michael A. Robinson calls Netflix a "game changer." He shared why he was so bullish on Netflix – and how high he sees the NFLX stock price going – in this visit to FOX Business' "Varney & Co."
- A severe cold snap gripping a good part of the United States means higher heating bills for many consumers, but this only partially explains why natural gas prices soared above $5 last week for the first time in more than three years. Another reason is that investors are betting natural gas prices will keep rising even when the weather warms. That's because demand for natural gas – a cleaner burning, plentiful, and cheaper alternative fuel – continues to grow in both the United States and abroad. That means plenty of opportunity for investors. Money Morning Global Energy Strategist Dr. Kent Moors explains how to pick the best oil and gas stocks to buy now.