The Dow Jones struck yet another record closing high Monday - its fourth in a row. The S&P 500 likewise hit a new record.
Dow Jones record high
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Stock market today, July 17, 2014: The Dow Jones Industrial Average finished up yesterday (Wednesday) for its 15th record-breaking close in 2014. U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress, reiterating that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014.
Stock market today, July 16, 2014: The Dow Jones today (Wednesday) closed up for its 15th record-breaking close in 2014.
U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress again today. She reiterated that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014. Still, in its Beige Book this afternoon, the Federal Reserve said that the economy was expanding at "a modest to moderate pace."
Monday brought a flurry of deals across several sectors, sending the Dow Jones Industrial Average to an all-time intraday high shortly after the open.
Those transactions are featured on today's hot stocks to watch list, along with earnings from a big bank, a bullish upgrade for a tech favorite, and more.
Dow Jones Industrial Average Today, July 1, 2014: flirted within two points of 17,000 on Tuesday, as transportation, technology, and small-cap stocks surged. The Nasdaq led the day by percentage gains, jumping more than 1.2%. The exchange's gains were fueled by Netflix, Inc.'s (Nasdaq: NFLX) gain of 6.5% after it received an upgrade from Goldman Sachs' analysts.
With the Dow Jones Industrial Average and the Standard & Poor's 500 index both routinely making record highs, figuring out how to invest in this aging bull market has gotten increasingly challenging.
But not impossible.
"There's still plenty of upside if you know where to look," said Money Morning Chief Investment Strategist Keith Fitz-Gerald. "The game has become more one of choosing the right stocks than it is worrying about what the broader index is doing."
Money Morning's Defense and Tech Specialist Michael Robinson knows we've had a quiet recovery in the Dow Jones Industrial Average since February and that has him pointing to his calendar. Because he's confident the Dow is going to hit 17,000 by this date in 2014.
Robinson joined FOX Business' "Varney & Co." today (Wednesday) and told viewers why the markets are going up and when he expects the Dow to surpass 17,000. He also discussed why the recent news of an AT&T Inc. (NYSE: T) deal with DirecTV (Nasdaq: DTV) is so important to AT&T.
See for yourself, here...