Good Morning! U.S. stock futures for Monday, March 30, forecasted a 10-point retreat from Friday's close. The DJIA index added 33 points Friday to end a four-day losing streak. The cause? Biotech and healthcare stocks rebounded to pull markets upward as investors search for value after this week's sell-offs.
Investors will also look abroad to Japan where the nation will report February industrial production data. Last week, the country reported uninspiring consumer spending and inflation data. Meanwhile, the Eurozone will release a slew of data that includes the all-important German consumer price update.
Here's what else you should know about the DJIA index - including your "Money Morning Tip of the Day" - to make it a profitable Monday:
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Full U.S. Economic Calendar March 30, 2015
Solid long-term stocks are an essential part of a well-balanced portfolio. They let you collect gains steadily for five, 10, or 20 years while you focus on finding other investments and opportunities.
You can check in with them every quarter and see if anything has changed or adjust your holdings if your investment priorities are different. But for the most part, they are low maintenance, low risk, and high reward.
One of the best long-term stocks to buy on the market today is Alibaba Group Holding Ltd. (NYSE: BABA).
BABA has dipped nearly 20% in 2015. Wall Street panicked after Alibaba's last earnings report because it missed analyst expectations of $4.45 billion in revenue. But Alibaba's reported revenue of $4.2 billion represented a yearly increase of 40%.
Alibaba's growth numbers are rock-solid. Earnings increased 80% last quarter. Gross merchandise volume (GMV) was up 49%. Total mobile users were up 95%.
The company's mobile base is growing, too. It hit 265 million monthly active users last quarter. That's a yearly increase of 95% and a quarterly increase of 22%.
BABA is such a good long-term buy, especially at its current price, that Money Morning Executive Editor Bill Patalon suggests adding to your position every time the stock comes down.
"Alibaba is a stock that you have to be willing to hold for a long time," Patalon said. "You don't just load up the truck with Alibaba stock and pray. You buy in and add to your position when there are pullbacks. This is a stock you want to hold for 10 to 15 years."
To get two more quality stocks to pick up now and hold for the long haul, check out: Best Long-Term Stocks to Buy Now
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.