Investors took a quiet ride this week, as the Dow Jones Industrial Average (DJINDICES: ^DJI ) rose or fell nearly 100 points during intra-day trading before reversing course the past three days of the week. The roller coaster investors boarded start on Wednesday, with Federal Reserve Chairman Ben Bernanke testifying before Congress that the Fed’s bond-buying program could end in the coming months — and based on the central bank’s meeting minutes, which were also released on Wednesday, it seems a number of Fed members think the quantitative easing programs should come to an end sooner rather than later.
This news sent shock waves throughout the markets as investors grappled with the thought that cheap money could soon be a thing of the past. Consequently, the Dow fell 51 points, or 0.33%, during the past five trading days, and now the blue-chip index sits at 15,303. The S&P 500 fared slightly worse, losing 0.99% last week, while the Nasdaq fell 1.13%. Twenty of the Dow’s 30 components ended the week lower than were they began it.
5 Best Cheap Stocks For 2014: LifePoint Hospitals Inc.(LPNT)
LifePoint Hospitals Inc., through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States. The company?s hospitals provide a range of medical and surgical services comprising general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services, and pediatric services, as well as specialized services, such as open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery. Its hospitals also offer outpatient services, including one-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine, and lithotripsy. As of December 31, 2009, LifePoint Hospitals owned or leased 47 hospitals with a total of 5,552 licensed beds in 17 states. The company was founded in 1997 and is headquartered in Brentwood, Tennessee. Lifepoint Hospitals Inc. (NasdaqNM:LPNT) operates independently of HCA Inc. as of May 11, 1999.
5 Best Cheap Stocks For 2014: Kohl’s Corporation(KSS)
Kohl?s Corporation operates department stores in the United States. The company?s stores offer private and exclusive, as well as national branded apparel, footwear, and accessories for women, men, and children; soft home products, such as sheets and pillows; and housewares primarily to middle-income customers. As of January 29, 2011, it operated 1,089 stores in 49 states. The company also offers on-line shopping on its Web site at Kohls.com. Kohl?s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
- [By Paul Ausick]
Wal-Mart Stores Inc. (NYSE: WMT), Macy