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Best stocks to buy for the week ending Feb. 14, 2014: All three major benchmarks neared record highs last week, posting their biggest weekly gains of 2014.
The Dow Jones Industrial Average climbed 2.3% to end the week at 16,154.39. The S&P 500 Index tacked on 2.3% to 1,838.63 – within spitting distance of its 1,848.38 record close. The Nasdaq rose 2.9% to 4,244.03, its highest level in 13.5 years.
But the best gains came from precious metals. Concerns about a flagging U.S. economy ignited renewed interest in gold and silver as reluctantly bullish investors hedged their bets.
With both markets and metals on the rise, here is our Money Morning roundup of the best stocks to buy now and investing tips to profit from these moves.
Best Stocks to Buy Now
- "Miracle materials" bring to mind advanced composites and discoveries like graphene, but materials science also involves using existing materials in innovative ways. One such material is essential to an industry projected to be worth $64 billion by the end of 2017 – a 50% increase over 2012. And Defense & Tech Specialist Michael A. Robinson has discovered a company poised to profit from it. Its shares are up roughly 85% since its IPO in 2012 – but Robinson still sees plenty of upside. Shares are trading at a discount due to a recent sell-off – for now. Don't miss this "miracle material" bargain.
- Netflix Inc. (Nasdaq: NFLX) is firing on all cylinders. Shares are up 387% since the start of 2013, and the stock is up nearly 18% so far in 2014. While Netflix shares are getting pricey – they hit a record high of $439.35 Thursday – there's no sign of the stock slowing down. NFLX continues to add exclusive content and is changing the way consumers watch television. But according to Robinson, it's this new technology that's the biggest reason to bet on NFLX in 2014.