The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
Companies with lots of cash are in the best position to buy market share, make acquisitions and pay dividends. Hilary Kramer says cash is a key metric investors should be watching, and in this video she discusses why cash-rich companies Cisco, Gilead and Teradyne are all good stocks to own.
Beyond the next series of economic indicators, what really matters now is a strong holiday selling season. If it materializes, that could pole-vault the market to new highs, making 12,000 on the Dow by year-end well within reach. [Video]
Stocks and commodities fell sharply Friday amid anxiety that China will hike interest rates to keep its economy from overheating. The Dow flirted with a triple-digit loss. Gold and oil prices likewise plunged.
Amazon, Volkswagen and Florida real estate developers are drastically dropping the prices of some of their key products. In a short video, Douglas McIntyre reveals which products are getting the biggest price drops. Could these cuts be a sign that deflation is at work?