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Friday, January 18, 2013

Weekly Roundup: MarketWatch's top 10 stories, Jan. 14 - 18

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MarketWatch
Weekly Roundup
JANUARY 18, 2013

MarketWatch's top 10 stories, Jan. 14 - 18

By MarketWatch

Weekly Roundup
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SAN FRANCISCO (MarketWatch) — U.S. stocks ended the week with moderate gains as earnings and economic data both at home and abroad gave investors reason for hope the market's recent gains could be sustained.

The Dow Jones Industrial Average (DJIA) rose 53.68 points or 0.4% on the day to close at 13,649.70. For the week, the Blue Chip index rose 1.2%. The Nasdaq Composite Index (COMP) fell 1.3 points on the day, a negligible percentage drop, and closed at 3,134.70. The tech -heavy index added 0.3% for the week. The broader benchmark Standard & Poors' 500 Index rose 5.04 points or 0.3% to close at 1,485.98 on Friday, notching a 1% gain for the week.

Stay tuned to MarketWatch all weekend for the news you need to keep on top of the markets. We'll have complete coverage of President Barack Obama's inauguration on Monday as well as news of international markets during the U.S. market holiday. Be sure and check out MarketWatch's new retirement section.

Meanwhile, please have a look at our week ahead videos to help you get ready for the shortened week of trading in the U.S. markets.  

 U.S. week ahead: Earnings season revs up

 Europe's week ahead: Bank of Japan looms

-- Christopher Noble , assistant managing editor.

All that's gold

Platinum costs more than gold again, a shift that reflects rising confidence in the global economy and investors' bets the Federal Reserve is closer to ending its massive stimulus efforts. What platinum's premium over gold really means

800 pound gorillas

Large multinationals offer an investment avenue to emerging markets that proponents argue has staying power for years to come. These companies are the world's "global gorillas," beating their chest for investor attention that's been distracted by developed world problems at the expense of emerging market opportunities. 'Global gorillas' are new stock portfolio kings.

Penny ticks

The nation's securities watchdog is gearing up for a major debate next month about whether the penny spread between bid and offer prices on stocks helps investors or stifles initial public offerings and contributes to an epidemic of illiquidity for small publicly traded companies. Levitt, Bogle debate penny ticks for stock prices.

New product needed

The new year hasn't been kind to Apple Inc. (AAPL) investors. That might be the understatement of the week. With Apple shares tumbling below $500 for the first time since February 2012, the sentiment on Wall Street changed, even after its shares bounced back. Why Apple needs a new hit product now.

Junk

Sugarcoat it all you want. Let the analysts try to make sense of it. Buy the story you're being fed. The reality is, Bank of America Corp. (BAC) and Citigroup Inc. (C) turned in garbage reports parading as fourth-quarter earnings. Bank of America and Citi reports are junk.

Short timers

If you're like the vast majority of investors, you've never even wondered where the stock market will be in four years. The investment arena is so short-term-focused that the typical investor's "long term" barely extends from lunch until dinner. That's a shame, however, since the stock market's return over the next four years may very well be more predictable than whether it will close up or down tomorrow. Where stock market will be in January 2017.

Market flu

Chuck Jaffe was waiting for a flu shot at a local pharmacy this week when a money-manager friend walked out of the vaccination area, rolling down his sleeve. "Now," he said to Jaffe, "if I could just get a shot that would protect me from whatever the market is about to do." Alas, there's no way to truly inoculate yourself against the next market malady, but there are some steps you can take. 5 vaccines for the next market flu.

Made in America

With the luxury industry under pressure to respond quickly to fashion trends and seeking to shorten the period between designing a product and getting it on store shelves, there's a growing appeal to buying U.S. made products, luxury retailers said. Made in America gains fashion with luxury brands.

Best we can do?

The United States, the world's largest economy, has added an average of just 153,000 jobs a month in each of the past two years. And U.S. growth has jogged along at a lackluster 2% pace since the end of the Great Recession. The worrisome struggle to grow and add jobs.

Aging entrepreneurs

The urge to strike out on their own and start a business hits many mature workers, but all too often missteps put startups on the wrong side of the statistics. Only about half of new companies make it past their fifth year, according to the Bureau of Labor Statistics. 10 tips for boomers to become entrepreneurs.

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