Today's stock market news, Feb. 10, 2014: The markets recovered last week after a choppy start to February trading. On Thursday and Friday, the markets dismissed disappointing unemployment numbers and tepid economic data. The S&P 500 increased 2.6% over the two days.
how to invest 2014
- Tap Into a $67 Billion Market by Investing in Cybersecurity Stocks
- Stocks to Buy: We Just Found the New King of the Computer Industry
- Michael Kors Holdings Ltd (NYSE: KORS) Stock Up 18% With This Winning Retail Formula
- Stock Market Today: Dow Jones Industrial Average Gets Hammered
- Profit Alert: ArthroCare (Nasdaq: ARTC) Stock Outshines Broad Market, Climbing 8%
- Stocks to Watch: Where Insiders Are Moving Their Money Now
- We Found a Clear Path to Energy Profits, Even in Volatile Markets
- Tech Penny Stocks: Three Small Caps About to Soar in 2014
- Pandora Media (NYSE: P) Stock Up 15%, Can It Keep Climbing?
The growing threat of cyber attacks is corporations' biggest concern in 2014 - but it could also be your biggest profit opportunity.
Even when broader markets fell in January, cybersecurity stocks delivered double-digit gains. FireEye Inc. (Nasdaq: FEYE) surged a whopping 67%, KEYW Holding Corp. (Nasdaq: KEYW) climbed 19%, and Imperva Inc. (NYSE: IMPV) rose 14% in the year's first month.
During the Depression-ridden 1930s, with the United States circling the financial abyss, an American industrialist named Thomas J. Watson Jr. gambled the future of his business-equipment company on an expansion plan that included wholesale hiring, investments in technology, and the construction of new factories.
For six years, Watson had his factories at full bore - churning out tabulating equipment there were no buyers for. But he believed in his plan and stayed with his strategy.
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.
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.
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.
While just one piece of the investing puzzle, insider buying and selling can provide valuable clues when setting up a stocks to watch list.
When looking at individual stocks, there is a general rule of thumb to follow when looking at insider buying and selling. Mutual fund legend Peter Lynch said it best: "There are many reasons why insiders sell, but only one reason insiders buy." That reason being, of course, that insiders know something about their company that they are certain will drive the stock price higher.
It was quickly becoming OPEC's worst nightmare. By the mid-1980s, oil prices had begun to collapse.
What's more, renegade cartel members were selling more oil than their monthly quotas allowed, which merely made a bad situation even worse.
Ordinarily, that was a point when the Saudis usually would step in and cut their own exports.
But by then, the pricing situation had become untenable. Instead, the Saudis embarked on a bold new strategy.
First, they opened up their own spigots and flooded the market with crude. This taught those recalcitrant OPEC members a big lesson about lost revenues.
The trio of names on our tech penny stocks list has shown a recent price surge and volume spike on promising new business developments.
The amount of money spent in industries like tech and biotech allows some of the best penny stocks to come from these sectors.
All three listed below are involved in multi-billion dollar markets that are slated to grow in 2014: One is involved in the up-and-coming Internet of Things platform; one aims to provide an edge to companies in the ultra-competitive smartphone market; one has a prominent presence in the niche grid market for utilities.
Pandora Media (NYSE: P) stock climbed as much as 15% today to a high of $37.95, after analysts at Goldman Sachs Group Inc. (NYSE: GS) estimated that the stock could nearly double in the next year.
Goldman Sachs analyst Heath Terry told investors that "if Pandora doubles advertising, increases its mix of local commercials to half of all ads and leverages fixed-content costs," the stock could go as high as $60.