It’s called the “Oklahoma Land Rush,” and it’s a fascinating story from U.S. history that I’ve related to some of you before.
It was just before noon, April 22, 1889, and tens of thousands of folks were spread across an Oklahoma hillside. Some were on horseback, others sat atop wagons and many were on foot.
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The S&P 500 gained 8 points today to close at a new record high. The cause? Positive macro-economic forces spreading across Europe.
The Russia-Ukraine ceasefire, improved data on the German economy, and improving prospects for a Greek debt agreement pushed stocks higher.
Here are the top market stories from today - plus our new profit tip for investors...
The Dow Jones today tumbled 291 points amid poor earnings reports and conflicting economic data ahead of the Federal Open Market Committee (FOMC) announcement on Wednesday.
Microsoft (Nasdaq: MSFT) and Caterpillar (NYSE: CAT) were two of the day's worst-performing stocks. Microsoft had its worst day since July 2013.
Here are the other top stories from the stock market today...
My wife Robin is a financial advisor and a CPA.
She also possesses one of the sharpest minds I've ever seen.
That's probably why she has such an affinity for jigsaw puzzles. Back in upstate New York, when we were both attending business school together at night, there was nothing she liked more to "decompress" during the lull between the semesters than to do a jigsaw puzzle.
And the greater the number of pieces - and the more complex the puzzle - the more she liked it.
Truth be told, I view the investing process in much the same way that my wife looks at jigsaw puzzles.
There's something really gratifying about taking hundreds of disparate "pieces" - in this case, the reams of financial, economic, and political data that's available at any given time - and shrewdly assembling them into a "picture" that makes sense or conveys beauty.
Even in the fast-paced world of high tech, 10 weeks is a short amount of time. And yet, as recently as early September, many industry analysts were saying Apple Inc. (Nasdaq: AAPL) had lost its innovative edge in the global smartphone war. That's when the Silicon Valley legend launched the iPhone 6 with two larger […]On Tuesday at its gala event, Apple (Nasdaq: AAPL) unveiled its mobile payment device, the "Apple Pay." It will compete with Amazon (Nasdaq: AMZN), which just launched its own swipe-to-pay device, the "Amazon Local Register," in August, and current market leader Square.
Here's a side-by-side comparison of how Local Register, Pay, and Square stack up...
Investors have a handful of market and economic numbers to watch as a sign of where stocks are headed - but the Apple stock (Nasdaq: AAPL) price will be one of the biggest indicators. And this week, AAPL stock is on the move...
A controversial choice for a new public relations chief could soon affect Apple stock (Nasdaq: AAPL).
So what if the market drops a little from time to time? That's inevitable, and in the long term, healthy.
The fact remains we're in a bull market. We have been since March 2009.
But now, especially with some early 2014 swings, investors may be wondering.
How long does this bull have to run and what should we do next?
I don't have a crystal ball... but I do have 30 years' experience - starting in 1982 on the floor of the Chicago Board Options Exchange, then running a big bank's hedge trading, then a Wall Street trading desk, and finally managing my own hedge funds.
I know many investors stick to a buy-and-hold strategy or more actively trade. There's a place for both to maximize this market.
But before you can start making money in the market, you need to know what's really happening...
President Barack Obama added an unexpected twist to the patent wars when he took the extraordinarily rare step of vetoing the International Trade Commission's own trade sanctions against Apple Inc. (Nasdaq: AAPL) last week.
The trade commission had ruled that Apple violated some of Samsung Electronics Co. Ltd's patents, and the commission was set to ban outright several key Apple products, such as the iPhone 3GS, iPhone 4, and the iPad 2 and 3G models - all sold by AT&T Inc. (NYSE:T), among others.
Money Morning Capital Wave Strategist Shah Gilani offered two picks for top stocks to buy now - along with one to avoid - on FOX Business' "Varney & Co." Tuesday.
His pick to avoid: Facebook Inc. (Nasdaq: FB). Recent gains haven't been enough to sway Gilani, who remains bearish on the stock.
Mind-control technology, vision-enabled devices, robotic cars and motion-controlled gadgets. These are where some of the tech titans have set their sights.
So where is Apple in all of this buzz?...
Its big promises beyond Apple TV and a new iPhone are beginning to sound a lot like vaporware.
Here's who is starting to eat Apple's lunch and maybe its future...
Apple Inc.'s (Nasdaq: AAPL) been in the news a lot of late as its stock plunged. Meanwhile, the company sits on a cash pile of $137 billion.
When Apple stock was soaring, investors were happy. But since its stock value plunged some 35% since September, many investors have suggested Apple should share some of itsaccumulated wealth. Fund manager and investor David Einhorn went so far as to sue the company to try to force it to share more of its cash with shareholders.
Money Morning Chief Investment Strategist Keith Fitz-Gerald was asked on FOX Business what Apple (Nasdaq: AAPL) should do with its stockpile of money: Should the company pay dividends to shareholders, pursue major acquisitions or just keep its large cash position for future investments or other costs?
Check out what Fitz-Gerald and other panelists said on the FOX Business report in this accompanying video.
Most investors who pour money into smartphone makers look to dominant players like Apple Inc. (Nasdaq: AAPL) - but they're missing a bigger part of the market.
The global smartphone industry is changing dramatically, as China surpassed the United States in 2012 to become the world's largest smartphone market by volume. Smartphone shipments to China in the third-quarter of 2012 hit a record 60 million.
Apple has noticed this shift. In fact, Apple CEO Tim Cook recently told Chinese-run Xinhua News Agency that he believes China will become the company's biggest market in the future.
But for now, it's the domestic brands that have won.
"Chinese brands have taken more than half the Chinese smartphone market this year, and they will take much more," Sandy Shen, the head of consumer research at technology research company Gartner in Shanghai, told the Financial Times.
