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Best stocks to buy for the week ending Aug. 22, 2014:Last week for Money Morning Members we highlighted 11 top stock picks across the globe.
One value buy is a Calif.-based biotech firm that works in cancer treatment technology using genome sequencing – currently a $20 billion market. Another is a more than 100-year-old German company that's about to unlock its stock's value in a spin-off.
And two stocks to buy react to recent world events. Our Resource Specialist recommended a European stock that's a hedge against the conflict with Russia and its move to devalue the U.S. dollar. And last week's release of the FOMC meeting minutes for July revealed a sooner-than-expected interest rate hike, and so our Chief Investment Strategist gave readers three picks that'll benefit when rates rise.
You can find all of last week's tips and recommendations here in our newest list of the best stocks to buy now.
Money Morning's Latest "Best Stocks to Buy" List
Aug. 20 marked the release of the Federal Open Market Committee (FOMC) July minutes. Therein, the Committee indicated that the U.S. Federal Reserve may raise interest rates earlier than expected. The move prompted Money Morning Chief Investment Strategist Keith Fitz-Gerald to remind readers that some companies that will actually benefit from rising interest rates, including these three "global challengers" – they are tapped into global money flows that continue unabated, while also featuring strong cash flow, experienced management, and powerful brands…
Aug. 20 marked the release of the Federal Open Market Committee (FOMC) July minutes. Therein, the Committee indicated that the U.S. Federal Reserve may raise interest rates earlier than expected. The move prompted Money Morning Chief Investment Strategist Keith Fitz-Gerald to remind readers that - "Over the counter" (OTC) stocks have been making headlines recently, and not in a good way. In July, the FBI divulged details of its "Operation: Pennypincher" sting targeting OTC stock manipulators. Through it, 22 people were charged criminally for various counts of fraud related to OTC trades in the last year. But not all OTC are high risk. For instance, consider that OTC Markets actually have three "marketplaces," only one of which caters to the "pink sheet" penny stocks that attract stock manipulators. Additionally, about 3,000 foreign firms trade as OTC stocks, and many of them are global household names, including China's Lenovo Group Ltd. (OTCMKTS ADR: LNVGY), and Japan's Toshiba Corp. (OTCMKTS: TOSYY). Last week, Money Morning Defense & Tech Specialist Michael A. Robinson shared his "secret to finding winners trading OTC." He also recommended a 100-year-old OTC stock to get readers started – this Germany-based company is poised for a spin-off (a restructuring move that's historically beaten the overall market by as much as 30%)…