Today (Tuesday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the most interesting companies of 2013 will make for next year's best investments.
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Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." to tell investors what he sees in retail web giant Amazon.com (Nasdaq: AMZN)'s future.
The big question for Amazon stock in 2014 is if this e-commerce and online retailing giant can keep going to record highs. Amazon stock has gone up 60% this year to about $394 per share.
Today (Thursday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the tech companies that are driving the market right now will be among the best investments in 2014.
Robinson believes the growth and earnings of tech companies continue to offer investors what they want - good cash flow and solid earnings. When Varney co-host Charles Payne points out that "Amazon hasn't made a nickel since day one," Robinson counters by saying that "each company has a unique story to tell."
Today (Friday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to tell investors what he sees for the future of Amazon.com (Nasdaq: AMZN) stock.
It's too early to tell how much American shoppers will spend during this holiday season, but there's one thing that's absolutely certain: A ton of that money is going to get spent on high-tech gadgets, from tablets to smartphones to game consoles. And while the entire tech sector will reap the benefits of this spending bonanza,
As Main Street gears up for the holiday shopping season, the retail sector takes center stage on Wall Street.
The bad news for those investing in retail stocks: Morgan Stanley cautions overall retail sales growth is expected to be the weakest since 2008 - meaning the sector's robust 40% year to date could be headed for a slowdown.
Weighed down by concerns over pay and hiring, consumer confidence continues to fall, suggesting consumers will continue to be tight-fisted. After a steep drop in October, the consumer confidence level fell further in November. Slipping to 70.4 from 72.4, it marks the lowest level in seven months, Tuesday's Conference Board data revealed.
Stock Market News Today, Nov. 11: The stock market today is inching up today, with the Dow headed for another record close.
Meanwhile, crude oil is trading up a bit today, with light crude oil for December delivery up about 0.2% near $94.80. And gold is down a tad near $1,281 an ounce, likely still weighed by last week's stronger than expected jobs report.
More Americans are cutting up their credit cards, and it's for a reason you might not expect.
The rise of mobile applications and Near-Field Communications (NFC) technology continues to carve market share from plastic payment methods.
And now, the trend is going mainstream in one of the most trafficked businesses in America.
Starbucks Corp. (Nasdaq: SBUX) announced this week that it currently receives 11% of its U.S. and Canadian sales through its mobile application. And that figure is expected to rise as the company continues to market its convenient closed-loop payment system.
Last week's best stocks to buy were influenced by several crises building on Capitol Hill - the 2014 fiscal budget and looming government shutdown, the debt ceiling, and mounting anxieties over the Federal Reserve's QE taper timing.
As a result of these factors, many concerned investors turned to cash.
But with money market instruments yielding next to nothing, you will miss out on 100% of market gains if you are just sitting on cash. Money Morning keeps reminding readers that savvy investors make money in all kinds of markets - and we found just the right stocks to buy to make the most of current conditions.
Here's a recap of our picks for the best stocks to buy now, culled from last week's Money Morning daily articles, videos, and insights from our in-house experts:
Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Wednesday) to discuss whether two hot stocks in the market right now, FB and AMZN, are good buys.
Gilani shocks Varney when he tells him what he's doing with AMZN right now...
Cloud computing is going to grow from about $41 billion in 2011 to $241 billion in 2020. Here are the tech stocks that stand to benefit the most. Read more...
Supporters of the Internet sales tax continue to pitch it as a "fairness" issue - but experts say the tax would do costly damage to our economic recovery.
The Internet sales tax would allow states to make online retailers collect taxes on purchases. It would replace a 1992 Supreme Court decision that said a state can't force a retailer to collect sales tax unless the retailer has a physical presence in the state.
State and local governments support the bill, claiming they are losing tax revenue under the current system. Several big-box merchants, brick-and-mortar stores, and mom-and-pop shops back the bill, arguing online retailers have an unfair price advantage.
But Illinois Policy Institute's Ted Dabrowski told FOX Business Network's "Varney & Co." this tax wouldn't achieve any of its promises.
"Anybody who tries to pitch this new tax as a fairness tax is not telling the truth," said Dabrowski. "What this really is is a money grab. It's a money grab by states like Illinois, New York, California who don't manage their own budgets and are not fiscally responsible. And it's another Obama tax on the middle class, it's another tax on entrepreneurs, and it's just the wrong thing for our country. It's a job killer."
Dabrowski told host Stuart Varney that Illinois tried taxing the Internet retailers two years ago, but it was a "failure." Dabrowski said the state government expected the tax to raise $150 million, but after three months had only collected $3 million.
That's because online retailers left the state to avoid the tax and set up shop in more business-friendly states. The smaller online retailers had to shut down because of the added expense.
The bill probably sounds familiar. A similar one made the rounds in 2012, but expired.
Now it's on the fast track to get passed, thanks to persistence by Sen. Harry Reid (D-NV).
According to a letter sent to Reid from seven U.S. senators, Reid used a procedural maneuver to avoid the typical committee process and rush the Senate's vote on the bill, known as the Marketplace Fairness Act.
It passed a test vote Wednesday 74-23, and could come up for a final vote as early as today (Thursday).
A controversial Internet sales tax moving through Congress will mostly benefit big corporations and state governments while hurting thousands of small businesses and consumers.
The Marketplace Fairness Act would essentially end tax-free Internet shopping by forcing online retailers with revenue of $1 million or more to collect sales taxes for the states in which their customers reside.
As it stands, online retailers do not have to collect sales taxes from out-of-state customers unless the retailers have a physical presence in that state, like a store or a warehouse.
Yesterday (Monday), the bill passed a procedural vote in the Senate by a 74-20 margin, which strongly hints at passage in the upper chamber in a vote expected later this week.
While there's more resistance to an Internet sales tax in the House, the bill is known to have bipartisan support there as well. President Barack Obama also has voiced support for the bill.
If it becomes law, the Marketplace Fairness Act will radically change the online shopping landscape.
"It really should be renamed the Internet Tax Collection Act because it is going to make online businesses the tax collectors for the nation," complained Sen.Kelly Ayotte, R-NH, one of the most vocal opponents of the bill.
The only retail giant continues to make new highs, yet the company's core business is slowing, and its new "growth" businesses aren't all they are cracked up to be. And with an astronomical P/E - it's in the thousands - right now, Amazon’s massive run may be over.
But today I'm going to tell you about a NASA-related tech program that led to a big payoff. In fact, investors who knew what to look for could've turned $10,000 into $41,900 - a 319% return - in just 29 months.
I'm relating this story for a couple of reasons. It shows you why I spend so much time looking at the research that's underway in labs at both the university and national level.
And it also explains why I write to you so frequently about cutting-edge science where I believe there's a big potential payoff.
My ultimate goal, you see, is to tell you about profit opportunities like this one before they occur.