US stocks gain as global events weighed
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GEOPOLITICAL JITTERS: Two F/A-18 fighters flying off the aircraft carrier USS George HW Bush in the Persian Gulf dropped two laser-guided 500-pound bombs on an Islamic State artillery piece and the truck towing it, according to a military spokesman. The move follows President Obama’s authorization on Thursday of airdrops of humanitarian aid and airstrikes to counter advancing Sunni radical militants. Investors are also keeping an eye on Ukraine and Gaza, where a three-day cease-fire came to an end. In addition, the World Health Organization on Friday declared the Ebola outbreak in West Africa to be an international public health emergency that requires an extraordinary response to stop its spread.
Stocks End Volatile Session, Week With Broad-Based Gains; Markets Turn Aside Global Worries For Now – NASDAQ.com
“Does that speak to an escalation of tension, or a resolution in that geopolitical hot spot; there’s an argument to be made for the latter,” Art Hogan, chief market strategist at Wunderlich Securities, said of the U.S. military action in Iraq. Stock-index futures had risen on a news report signaling Russia might be looking to de-escalate the Ukraine conflict, offsetting declines that came with President Barack Obama’s decision to authorize airstrikes in Iraq . Geopolitical concerns overtook economic reports, which on Friday included data from the Labor Department that had nonfarm productivity rebounding more than expected in the second quarter, with a drop in labor costs pointing to still-tame wage pressure. “On balance, economic data continue to be constructive and ignored,” said Hogan at Wunderlich Securities.
Rowe Price Small-Cap Value Fund (PRSVX), was quoted as saying that there are typically three ways stocks might achieve sixfold gains. The first is that it is truly a growth company and consistently puts up high-growth numbers. The second is a company that may be near bankruptcy or is really deep value and it comes back from the dead. The third is a little of both: A company that may be under the radar screen, perhaps with a checkered history, and its really cheap, but not because its a horrible company. Its just been neglected and hasnt performed very well, but maybe new management comes in and the company starts doing better. Listed below are stocks matching or exceeding the median growth and profitability quantitative criteria identified by the study.
How To Find High-Return Stocks – Forbes
Immediate Russian/Ukraine concerns also lessened. Friday’s advances lifted the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite indices all to weekly gains, with all 10 industry sectors in the S&P 500 finishing in the black. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com. All rights reserved.