Goldman Leads Dow Higher; Exxon Pulls It Lower

ADP jobs report doesn’t help the major indexes as the Dow and S&P 500 lose ground.

Mar 5, 2014 at 9:00PM
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A disappointing ADP jobs report left the major indexes struggling today. At the bell, the Dow Jones Industrial Average (DJINDICES:^DJI) was down 35 points, or 0.22%, while the S&P 500 lost 0.01%. The Nasdaq managed to finish in the black, but just barely, up 0.14%.  

February's job figure of 139,000 came in below economists' expectations of 155,000, while January's original 175,000 number was revised down to 127,000. The markets didn't take kindly to the news, though the Dow itself was a mixed bag. Goldman Sachs (NYSE:GS), gaining 1.88%, led the 12 components moving higher, while ExxonMobil (NYSE:XOM), down 2.82%, was the worst of the 18 stocks that declined.

Goldman's move came on higher-than-normal volume of 4.45 million, compared with a three-month daily average of 3.1 million. The bump could have come in part from a recent Bloomberg rating indicating that the bank is a top merger-and-acquisition advisor. As companies find their growth slowing and look for new revenue streams, the market may be ripe for mergers, which would put Goldman in a good position. M&A advising also pays well, as Bloomberg estimated that Goldman made $1.23 billion in fees from such deals in 2013.  

Exxon's drop, meanwhile, comes after management told investors it expects flat production this year of around 4 million barrels of oil per day. In the long term, though, Exxon plans to cut low-margin wells, which will help profits in the long run and will reward investors with a long-term view. For more about this issue, click here.  

Outside the Dow, and helping the Nasdaq finish higher for the session, shares of Facebook (NASDAQ:FB) rose 4.03% after a Stifel analyst increased his price target from $72 to $82. The analyst said Facebook "continues to gain share of the overall marketing spend," which would bode well for the company and would ease concerns about whether Facebook's ads are working with customers.  

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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