Lulu's Big Day, America's Mixed GDP News, and Game Over for GameStop
You probably should have spent the week at "Extreme Beer Fest" in Boston -- because stocks just stumbled for the third day this week. Following some mixed news on America's GDP, the Dow dipped a meager four points Thursday.
U.S. Economy officially grows 1.9% in 2013The year 2013 is in the books; mark it down. Use permanent marker. Get a tattoo if you want. Growth for the U.S. economy was 1.9% for all of 2013. The growth figure is official after the Commerce Department reported Thursday the third and final reading of the fourth-quarter Gross Domestic Product, which came in at 2.6%.
You want some perspective? The last two quarters of 2013 were damn good (4.1% and 2.6%). In the post-financial crisis world for developed countries, that streak of pretty strong growth is like Archie Griffin winning the Heisman trophy twice. Still, full-year growth of the country's total economic production (measured by the GDP) was modest, and 1.9% gets a "C-" from an historical perspective.
It's better than 2009, so we can celebrate. The year after the crisis, the economy shrank by -2.8%. Since then, the U.S. has grown at 2.5%, 1.8%, 2.8%, and 2.6% in the past four years. It's decent, but nothing like the 3+% growth in the 2000s, or the 4+% growth in the raging 1990s. Investors watch this number because a country's GDP is the first possible metric you can consider for a country's buying power, and buying is pretty darn important for U.S. stocks.
- Reuters/UMich Consumer Sentiment poll for March
- Will Candy Crush keep getting crushed?
MarketSnacks Fact of the Day: One out of eight deaths globally are linked to air pollution.
As originally published on
Three stocks to own for the rest of your life
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love.
The article Lulu's Big Day, America's Mixed GDP News, and Game Over for GameStop originally appeared on Fool.com.Nick Martell has no position in any stocks mentioned. Jack Kramer has no position in any stocks mentioned. The Motley Fool recommends Lululemon Athletica. The Motley Fool owns shares of GameStop. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.