Archives for April 2015

April 2015 - Money Morning - Only the News You Can Profit From

DJIA Index Craters 195 Points Today on Economic Woes

The DJIA Index lost 195 points Thursday, fueled by disappointing economic data and earnings reports. Biotech stocks were a major drag on the Nasdaq, with the Nasdaq Biotech Index falling 3%.

The price of oil per barrel rallied higher toward $60 today. The month-long surge in oil prices inspire confidence that Brent and WTI will continue to rise to new yearly highs.

Here are the day’s top stories, plus top stocks to watch...

Saudi Dynasty After King Abdullah: A Visual Guide

Saudi King Abdullah bin Abdulaziz passed on Jan. 22, 2015 at age 90. His death triggered the biggest challenge to the Saudi dynasty in 50 years…

You see, the founder of the Saudi state, King Abdulaziz ibn Saud, decreed only that his first son would inherit the throne. Over the six decades that have followed King Abdulaziz ibn Saud's rule, succession has passed from brother to brother, almost always in order of their age.

But the last of the current line of 35 brothers will soon die out completely.

On April 29, for first time in Saudi history, the throne was set up to pass to the third generation of the family...

How to Play BABA Stock as Alibaba Earnings Date Nears

The Alibaba earnings date is set for May 7, and the company is expected to report earnings per share (EPS) of $0.43 and revenue of $2.78 billion.

But with the Alibaba Group Holding Ltd. (NYSE: BABA) earnings date just around the corner, some investors are worrying the stock could continue to fall.

But according to Money Morning experts, Alibaba stock is one of the best long-term buys on the market despite the recent hiccups.

In fact, Money Morning's Defense and Tech Specialist Michael Robinson says Alibaba "could be the single-greatest wealth opportunity of our lifetime." Here's why...