Archives for May 2014

May 2014 - Page 20 of 22 - Money Morning - Only the News You Can Profit From

Dow Jones Today: Markets Slip on Jobless Rate, Ukrainian Tensions

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Dow Jones Today: The markets slid on Friday despite the fact that the unemployment rate slipped to a five-year low.
The jobless rate fell to 6.3%, beating expectations of 6.6%. In April, the U.S. economy created 288,000 jobs, but the labor participation rate slipped to 62.8% from 63.2%.
The Dow Jones Industrial Average was down 46.04 points to finish at 16,512.83. The S&P 500 slid 2.56 points to close at 1,881.12, while the Nasdaq was down 3.55 points to finish at 4,123.90.

Here’s your recap of today’s major market events.

Two Social Media Stocks Not to Buy

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Facebook (Nasdaq: FB) is one of many social media stocks that didn't begin well. After its initial public offering (IPO), FB stock failed to garner any real momentum for the first several months, and even dipped below $20 per share in late 2012. However, FB stock has since surged. It's up almost 60% since its IPO, and more than 10% this year alone. Investors have nabbed a 140% return over the last nine months.

But not all social media stocks have experienced such a miraculous turnaround. Here are two investors should avoid...

Gold Price Today Has Best Close in a Month

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The gold price rose over the key $1,300 level Friday as tensions in Ukraine once again neared a boiling point.

At Friday's close on the Comex, gold for June delivery settled at $1,302.90, up $19.50 for the day, its best close in a month. Spot gold, which traded as high as $1,306 in Friday's session, was last up or $16.70, or 1.3% to $1,302.60, putting the yellow metal on pace for its biggest gain since April 4.

Here’s what pushed the price higher after four losing sessions for the yellow metal.

AT&T Could Buy DirecTV – But the Deal Would Not Live Up to the Hype

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The Wall Street Journal reported this week that AT&T Inc. (NYSE: T) could buy DirecTV (Nasdaq: DTV), which could create the second largest television provider in the United States.

DirecTV is the largest satellite TV distributor in the U.S. with more than 20 million subscribers. AT&T's landline television service u-Verse has approximately 5.7 million subscribers.

While the deal would bring a huge boost to AT&T’s customer base, it may not be worth all the hype for AT&T…

Tech Investing: No Matter Who Loses This Silicon Valley Battle… You'll Win

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The growing rivalry between the Xbox One and PlayStation 4 is becoming one of the biggest battles in tech today.

Gamers and industry analysts alike are parsing all sorts of stats to say one platform or the other is truly ahead.

But we've found a way to make money no matter which ultimately becomes the top seller.

And it’s about as close to a “sure thing” as you’ll find in tech investing…

Labor Department Jobs Numbers Show 806,000 Left the Workforce

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The U.S. Labor Department jobs numbers for April came out today, and as usual they aren't as good as the government wants us to believe…

The report showed that U.S. employers added 288,000 jobs last month. The unemployment rate fell to 6.3% from 6.7%, beating the estimate of 6.6%.

At first glance, headline numbers from the April jobs report looked impressive. But after some digging, it’s apparent the real story is different…