Today's stock market news, Feb. 5, 2014:
Yesterday, the Dow Jones Industrial Average rose 0.5% to close at 15,445. The Nasdaq ticked upward 0.8% to 4,031, while the S&P 500 increased 0.75% to 1,755.
To continue reading, please click here...
This morning (Tuesday), Michael Kors Holdings Ltd (NYSE: KORS) announced a 59% increase in revenue for its fiscal 2014 Q3 report ending Dec. 28, 2013, compared to Q3 2013, marking the 31st consecutive quarter of growth for the global luxury brand.
Kors' quarterly earnings per share (EPS) climbed 73.4% to $1.11 per share, shattering the consensus estimates of $0.86. Wholesale net sales increased 68.2% to $461.4 million and licensing revenue increased 59.0% to $47.4 million.
To continue reading, please click here...
The Dow Jones Industrial Average plunged 326 points today, while the S&P 500 dipped 40 points and the Nasdaq dropped 107. In 2014, the Dow is down 7.3%, the S&P 500 5.8%, and the Nasdaq 4.3%.
Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." today (Monday) to answer today's biggest question: Should investors be worried about this stock market selloff?
To continue reading, please click here...
Best investments for the week ending Jan. 31, 2014: A sharp sell-off in emerging markets, disappointing earnings from several key companies, and further tapering from the U.S. Federal Reserve left markets reeling last week.
Despite the nosedive, investors still have plenty of opportunities for profit. Money Morning keeps readers current on the best stocks to buy now and the best investing moves to make for any market conditions.
Here's what we covered last week:
Stock Market Today, Feb. 3: U.S. stocks closed down Monday after a rough trading session on the heels of a disappointing report on U.S. manufacturing and ahead of a busy week for economic indicators.
The Dow Jones Industrial Average closed down 326.05 points, or 2.1%, at 15,372.80 points; the S&P 500 Index closed down 2.28%, or 40.7 points, at 1,741.89; and the Nasdaq Composite Index closed down 2.61%, or 106.92 points at 3,996.96.
To continue reading, please click here...
While the Dow Jones Industrial Average fell 326 points today, U.S. medical device maker ArthroCare Corp. (Nasdaq: ARTC) handed investors an 8.24% gain…
That's because British medical technology company Smith & Nephew PLC will buy ArthroCare in a $1.7 billion all-cash deal, a move aimed at tackling the growing sports medicine industry.
To continue reading, please click here...
Savvy investors know that it pays to hold dividend stocks, as they tend to perform better than non-dividend stocks in all kinds of markets.
Data from Ned Davis Research shows that, over the past 36 years, dividend-paying stocks have outperformed the rest of the S&P 500 Index by 2.5% annually. And dividend stocks outpaced all non-dividend paying stocks by nearly 8% annually during this period.
To continue reading, please click here...
Stock market today, Jan. 31: U.S. stocks closed down Friday, wrapping up a rough January and the worst month in trading in over a year as several corporate earnings weighed on the market.
All three major indices closed in the red. The Dow Jones Industrial Average closed down 0.94%, or 150 points, at 15,699 points. The S&P 500 closed down 0.65%, or 11.6 points, at 1,783 points, and the Nasdaq Composite Index fell 0.47%, or 19 points, to close at 4,104 points.
Energy futures closed down today. Light sweet crude oil for March delivery closed $0.74 to settle at $97.49 per barrel. Heating oil for March delivery closed down 1.0% at $3.00 per gallon, and natural gas lost 1.36%, or $0.07, to close at $4.94 per million BTUs.
To continue reading, please click here...
Facebook Inc. (Nasdaq: FB) stock soared 14% yesterday (Thursday) since it reported a year-over-year revenue increase of 63% in Wednesday's earnings report.
Money Morning's Defense & Tech Specialist Michael Robinson thinks there's one key development driving FB's stock and earnings higher. Watch Robinson's interview on CNBC World as he describes why FB stock keeps climbing:
Today's stock market news, Jan. 31: U.S. markets rose on Thursday, Facebook Inc. (Nasdaq: FB) reported strong earnings, and fourth-quarter GDP increased 3.2%. The Dow Jones Industrial Average rose 0.7% to 15,848, and the Standard & Poor's 500 Index jumped 1.1% to 1,794. U.S. stock futures were down Friday before the bell after Eurozone inflation levels unexpectedly fell by 0.7%.
To continue reading, please click here...
