Did you ride this recent rally? We sure did. Come ride with us next time.
Super Tuesday: Dow closes at record high
By Maureen Farrell @CNNMoneyInvest May 28, 2013: 4:21 PM ET
NEW YORK (CNNMoney)
What financial crisis?
U.S. stocks surged Tuesday as investors digested stellar economic data that appeared to put the housing and financial crises far in the rearview mirror.
The Dow Jones Industrial Average closed at a record high of 15,409.39, after gaining more than 100 points, or 0.7%. (Tracking the Dow 30).
The S&P 500 rose 0.7%, and the Nasdaq added 0.9%.
At the same time, the yield on the 10-year Treasury note surged above 2.1% — its highest level in more than a year.
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Forbes author argues that Ford Stock may be a good buy. That is for us at Hartford Group International to determine the timing of such publicized tips. It just goes to show that there are gems out there, and the experts will know how to pick them.
Investors shrugged at Ford Motor Co.’s (F) plans to add considerable North American manufacturing capacity this summer. The added capacity was necessitated by strong demand for Ford’s new models. Everyone knows the company still has problems elsewhere. Yet long-term investors might want to take note of that bit of good news: it’s another sign suggesting Ford is poised for a comeback, just as its shares are taking on more characteristics of a value investor’s dream.
Barron’s columnist Jack Hough has been particularly impressed with Ford lately. In a piece on Tuesday, he suggested its share price could gain some 50% in two years. And that’s without the payout, a 2.7% dividend yield currently that’s covered well enough to grow.
Now is a great time to catch the next rally up!
The Dow nearly at 15,000; the S&P at 1600. U.S. stock indexes are a day’s rally from yet another record close—and another plug on the nightly news. Nobody much cares.
So describes this peculiar bull market: consistently up, consistently making new milestones, but consistently not front and center. Maybe that’s not such a bad thing.
“One of the things which has impressed me about this rally has been how methodical and boring it’s been,” says Jim Paulsen of Wells Capital Management. “It never goes up a lot on any single day but is up a lot, looking back. There is still more attention devoted to a day when the market is off a little bit than there is when it reaches another all-time new high.”
Read more at http://www.businessweek.com/articles/2013-05-03/this-bull-market-makes-boring-beautiful