Stock Market Today: Foot Locker Laces Up and Big Lots Gets Smaller
I monitor 44 global stock markets on a daily basis, as I track investments in my Global Gains Investment Program at my firm Global Guru Capital . Doing so allows me to shift money into the best-performing markets in the world -- no matter where they may be. With that, here are four top-performing global stock markets that have generated at least double-digit percentage gains in 2014. 1. Market Vectors Egypt (EGPT) - up 20.18% The Rothchilds family famously advised: "It's best to invest when there is blood in the streets." By that standard, Egypt is the place to be. The country's economy has been racked by political unrest ever since the "Arab Spring" ousted Egyptian President Hosni Mubarak three years ago. The most recent protests focused on the ousted President Mohammed Morsi. At the same time, the news is improving.
Stock Market Fear is Tapering, Greed is Back
Equities have beaten the performance of bonds ( TLT ) by 7.64% over the last 20 trading days. Thats the strongest performance for stocks relative to bonds over the past two years. Its also a signal that investors have rotated away from the relative safety of bonds ( BOND ) into stocks. AUDIO: Is this the Weakest Bull Market in History? Its a good time to remember Warren Buffetts classic rule:Be fearful when the elevation group others are greedy, and be greedy when others are fearful. But never mind that, because this time is different, right? The S&P 500s ( VOO ) 60-month advance has lifted the index by around 177%. By comparison, the average bull market since 1921 has risen roughly 180% and lasted just 62 months.
Profit spiked by 19% and beat estimates, coming in at $0.81 a share. Sales grew 4.6% to $1.79 billion as the shoe seller managed what few other retailers could over the holidays: a healthy 5% rise in comparable-store sales. Notably, profit margin also remained at a record high for the company, which means that it didn't have to slash prices to keep customer traffic humming. Foot Locker management expects to add to that momentum with new initiatives in the short term like its children's business and shop-in-shop concepts, and a European expansion is in the cards for the longer term. Big Lots this morning booked a rough, but still better than expected, 6% drop in sales for its fiscal fourth quarter. Revenue came in at $1.64 billion, slightly ahead of the $1.61 billion that Wall Street expected. Earnings were even with expectations at $1.39 a share. The closeout retailer saw comparable-store sales shrink by an unfortunate 3%.