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For the past few months, investors have watched the steady climb of the Dow Jones Industrial Average as it has crept closer and closer to another milestone – 17,000.
But Money Morning Defense & Tech Specialist Michael Robinson – who also spends a lot of time studying charts and doing technical analysis – believes 17,000 will be far from the peak for the DJIA in 2014.
Hear why Michael is so sure the Dow is going to keep running full steam ahead in the following video.
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In another sign that the U.S. economy is not as healthy as some in Washington would have you believe, the Bureau of Labor Statistics (BLS) has reported that the labor participation rate among youth aged 16 to 19 in February was a paltry 32.9%.
"The difference between 3% growth in the economy per year versus 2% isn't a 1% slower decline, it's a 33% slower decline, and you're really seeing these numbers add up," said Money Morning Defense & Tech Specialist Michael Robinson on FOX Business' "Varney & Co."
In this video, Michael discusses this troubling trend and offers some suggestions for how Americans can deal with it.
Stock market news, June 11, 2014: The Dow Jones Industrial Average slipped more than triple-digits on news that the World Bank slashed its global growth forecast from 3.2% to 2.8%.
by David Zeiler
Usually the best stocks to buy have not already tripled in value within the past six months.
But then there's Intercept Pharmaceuticals Inc. (Nasdaq: ICPT).
This biotech stock soared more than 500% in two days on the news its innovative and promising hepatitis drug obeticholic acid, or OCA, had a trial stopped early because the drug met the goals of the study.
Bulls have refused to be distracted by some negative news that has pushed the stock back under $300 in the meantime.
The crazy thing is, Intercept Pharma could actually double from here...
Action-camera company GoPro Inc. (Nasdaq: GPRO) released more information about its upcoming IPO on Wednesday, stating the company plans to raise up to $427.2 million in the deal. That would give GoPro a valuation of approximately $3 billion.
In today's regulatory filing, the company said that an IPO price range of $21 to $24 per share has been set.
But given some of the figures backing the GoPro IPO, that price might be a steal...
Now that Apple Inc. (Nasdaq: AAPL) stock has split 7-to-1, knocking the Apple stock price down to a psychologically more appealing number below $100, many investors are trying to figure out if it's a buy.
Money Morning Defense & Tech Specialist Michael A. Robinson has no doubts. In fact, he says he's buying more.
In this video, Michael explains what the tech giant is up to now that has him so enthusiastic about Apple stock.
Sure, Apple Inc. (Nasdaq: AAPL) didn't introduce a new product at the World Wide Developers Conference last week.
But the tech giant did something much more important than just roll out some new "gadget." Apple unveiled a strategy that puts the company into two new businesses and positions it for years of potential new growth.
Here’s why Apple stock – which has zoomed back up near its 52-week highs – is headed even higher...
Stock market news today, June 11, 2014: The Dow Jones Industrial Average today looks to continue its momentum, after it closed at another record high – its 10th of the year – on Tuesday. The Dow was down most of the day, but rallied in the last hour. U.S. crude oil futures flirted with $105 per barrel.
Here’s what you should know to make your Wednesday profitable:
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European Central Bank President Mario Draghi is desperate.
The European Union has been plagued with years of falling inflation and stubbornly high unemployment.
And now its central bank is attempting to employ "unconventional" policies to kick-start the economy.
Using tactics never tried before, the ECB has just entered uncharted waters.
But if we look at the history, we'll see the perfect opportunity to profit...
by Diane Alter
Of all the problems plaguing Facebook Inc. (Nasdaq: FB), rival messaging services is a big one.
In a move aimed at tackling that growing issue, the world's largest social media company announced Monday it has hired PayPal executive David Marcus.
But that hire is really move into this other profitable industry...
