Buy/Sell/Hold ETF Zooms 42%; Magna Reports 3Q Loss, Slashes Dividend; U.S. Factory Orders Down 2.5%; Walgreen Same-store Sales Rise 2%, Yahoo Shares Upgraded; Oil Rises 12% on Production Cuts; Archer Daniels Midland Doubles Profit; UBS Turns Profit; Verizon Cleared to Take Over Alltel.
There was some reprieve for U.S. shares yesterday. Helped by expectations that the government is ready to bail out stricken mortgage giants Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE), the markets closed mostly higher.
But the markets are still in turmoil, says Aaron Lehman in The Smart Profits Report. And the Fed is running out of options to save the system. But some stocks still offer investors great long-term potential returns.
Aaron is bullish on cellphone maker Nokia Corp (NYSE: NOK) and small biotech Enzo Biochem (NYSE:ENZ)…
For years, certain advisors have touted the “buy-and-hold” strategy as the pathway to optimal investment returns. While it’s true that short-term gyrations can lead to temporary investment setbacks, any resulting losses can be overcome, since stocks always rise over the long haul.