By Diane Alter, Contributing Writer, Money Morning - • Print | Email
It was a rocky week for markets- but if you know the best stocks to buy now, your portfolio is in good shape…
Last week, the Dow lost 2.23%, or 344 points, to finish at 15,081.47, and the Standard & Poor's 500 fell 2.1% to 1,655.38.
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By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
There's no shortage of catalysts pushing gold prices higher, but now gold bugs have another…
A technical analysis of the chart depicting gold's rocky ride over the past nine months shows that gold prices have only just begun to break out to the upside.
By Greg Madison, Managing Editor, Money Morning - • Print | Email
China's Shanghai Stock Exchange Composite Index (SSE) frankly went a little crazy yesterday afternoon, as shares swung up by nearly 6% – with a 53% jump in volume in a matter of about two minutes.
But it soon came to light that Everbright Securities Co. Ltd., one of the largest securities brokerages in all of China, had placed an erroneous buy order – a fat-finger trade – for securities worth $1.13 billion.
These revelations caused more chaos; Everbright's shares were suspended, while shares of the parent company, China Everbright International Ltd., lost as much as 8.5% of their value. The Shanghai Composite dropped overall.
The volatility ruined a lot of afternoons.
All of this from one fat-finger trade.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
You've no doubt heard the "crash talk" intensifying after two triple-digit down days. But after reviewing more than 100 commentaries, there are exactly two and a half I take seriously.
The one we'll start with can not only help you now – as in today. It can also give you a permanent edge, because most people will never know how it works.
That's a shame.
The indicator you're about to see has predicted every major market inflection point since 1985.
And that's why I need to show you its current "readings" while there's something you can do about it all. We'll look at four moves, in fact. Taking an initial stake in the shares below – or adding to your position – is just one of them…
First, here's the indicator that can give you as much as a 30-day "heads up"…
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - • Print | Email
Cisco stock (Nasdaq: CSCO) plunged 7.17% today, and Wal-Mart (NYSE: WMT) stock 2.6%, after disappointing earnings reports drove investors to sell.
Cisco announced plans to cut 4,000 more jobs (5% of its global workforce); the sales forecast for the quarter came in surprisingly low.
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By Diane Alter, Contributing Writer, Money Morning - • Print | Email
The stock market today killed the idea of "turnaround Thursdays"…
The Dow fell 225.39 points Thursday, one day after the benchmark fell 113 points, its first triple-digit decline since June 28. With Thursday's drop, the Dow hit its first back-to-back triple-digit decline since June 19-20, when it plummeted nearly 560 points over the two days.
June's rout was spurred by comments from the Federal Open Market Committee (FOMC) following its June meeting. At the time, the central bank said it would taper QE this year should the economy and job market continue to improve.
The current swoon, however, stems from way more than the Fed…
By Robert Hsu, Editor, Permanent Wealth Investor - • Print | Email
Classifying MLPs as "income" stocks is a big mistake. It's a costly one too…especially if it's growth you're after.
Yes, the partnerships toss off tons of cash. The high-net worth folks I work with can achieve, for example, $350,000 in cash payouts from investing $5 million in an MLP yielding 7%.
But they're more like growth stocks in disguise…
Remember, the high income is merely a function of the MLP structure. They're set up in a "pass-through" structure. This means that up to 90% or more of the distributions you receive from an MLP will be considered a return of capital, not income, by the IRS. You don't pay taxes immediately on this portion of the distribution.
But these big cash payouts are driven by growth. A lot of it.
By Tim Melvin, Special Situation Strategist, Money Morning - • Print | Email
When you think of growth profit plays you do not ordinarily think they could also make for solid dividend-paying stocks as well.
Growth stocks are high-flying market darlings with some exciting new product or service that is driving spectacular earnings growth.
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Stock market news today focuses on winners and losers in the tech and consumer spaces, as well as how the S&P 500 will come off of its largest weekly decline since June.
Last week was tough for stocks since this year has been filled with rallies. Stocks fell as investors tried to understand the timing of the Fed's tapering of its bond-buying program.
Surprisingly, the market still seems very sensitive to any news on the Fed cutbacks.
This week, the market may continue to react to any news from the Fed, although other economic indicators are likely to be in the foreground of investors' minds.
Stock market news today starts with Japan, which we learned saw gross domestic product rise 2.6% at an annualized pace from April to June – well short of the 3.6% growth economists expected. The Nikkei was down more than 5% last week and is down another roughly 1% this morning.
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By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - • Print | Email
A few economic reports over the past two weeks have fueled optimism that a Eurozone recovery will trigger bullish performance in the European stock market.
The German Economy Ministry released a report on Friday saying that economic activity has increased notably in Q2, supported by both private consumption and investment in building construction.
Last week, the Purchasing Managers Index (PMI) report for July, which surveys around 3,000 firms, came out to 50.3 points, up from an initial estimate of 50.1 points. This marks the first time Eurozone manufacturing was above a 50-point boom-or-bust trajectory since July 2011. The PMI also showed that production was up for the first time since February 2012, and that job losses are being staved off.
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