DJIA Index Falls 200 Points to End Q1 in the Red Report

– The
DJIA Index

plunged 200 points Tuesday. The cause? Energy stocks drove the
market downward as Iranian nuclear deal talks weigh down


The markets pared gains from
Monday’s massive rally

. Basic materials stocks were the biggest decliners Tuesday.
Dow Chemical Co.


Freeport-McMoRan Inc.


), and
Air Products Chemicals Inc.


) all lost more than 1.4% on the day.

Today’s Scorecard:

Dow: 17,776.12, -200.19,


SP 500: 2,067.89, -18.35,


Nasdaq: 4,900.88, -46.56,


The SP 500 Volatility Index (VIX), the market’s fear gauge,
gained 5.3% on the day.

What Moved the DJIA Index Today:

Talk of a potential nuclear deal between the United States and Iran
pushed oil prices downward. Western nations and Iranian
leaders have extended negotiations through Wednesday, although the
deadline could be pushed back until June. Brent oil, priced in
London, fell roughly 2.4% to $54.90 per barrel. WTI crude,
priced in New York City, slipped nearly 2.6% to fall below $47.42
per barrel. But to assume that a deal would fuel lower oil prices

is a mistake, according to

Money Morning

Global Energy Strategist Dr. Kent Moors. “The ‘Iranian card’ will
have no short- or medium-term impact on oil prices,”
Moors said

earlier in March.

Richmond Fed President Jeffrey Lacker stated his case today for
the U.S. Federal Reserve to raise interest rates in June. The noted
hawk on monetary policy dismissed recent economic data and blamed
wintry weather for muted growth in the economy. Lacker noted the
labor market, consumer spending, and several other key data sets
have shown strong improvement over the last year.

Now, check out the other top market stories – plus get our new
profit tip for investors:

  • Eurozone Worries:

    This afternoon, Warren Buffett, chairman and CEO of
    Berkshire Hathaway Inc.

    (NYSE: BRK.A), said Greece’s departure from the Eurozone “may not
    be a bad thing for the euro.” During an interview with


    , Buffett said a “Grexit” could create a better framework for
    future fiscal policy in the region. Buffett made headlines last
    week after he worked with private equity giant 3G Capital to
    drive a merger between
    Kraft Foods Group Inc.

    (Nasdaq: KRFT) and H.J. Heinz Co. Here’s a breakdown of 10 Warren
    Buffett stocks to watch in 2015…

  • Retailer Rally:

    Shares of
    JCPenney Company Inc.


    ) jumped 7.4% after the retail giant received a price upgrade
    from Piper Jaffray. The investment bank raised its target level
    from $13 to $14 and reaffirmed its “Buy” rating. Analysts said
    the company was facing positive momentum in revenue and that
    spring weather and marketing efforts are in the company’s

  • Daily Deals:

    It was a second consecutive day of big deals in the markets.
    Commercial real estate investment company
    CBRE Group Inc.

     (NYSE: CBG) announced it will purchase Global
    Workplace Solutions, a real estate services business of
    Johnson Controls Inc.

     (NYSE: JCI), for roughly $1.5 billion. JCI shares rose
    1.2% on the day.
    Endurance Specialty Holdings Ltd.

    (NYSE: ENH) said it will purchase reinsurance firm
    Montpelier Re

    Holdings Ltd.

    (NYSE: MRH) for $1.83 billion in cash and stock. Montpelier
    shares were up nearly 1% on the day. ENH shares slipped nearly 5%
    on news of the deal.

  • An Apple a Day:

    Shares of
    Apple Inc.

    (Nasdaq: AAPL) slipped 1.5% this afternoon despite receiving a
    price target upgrade from RBC Capital. Analyst Amit Daryanani
    raised their target to $142 per share, which is a 13% increase
    over today’s closing price. The analyst predicted the company
    would see strong iPhone sales over the second quarter and would
    be able to solve currency concerns and supply chain issues that
    have battered the company this year. Go here for all the latest
    news and analysis on
    Apple stock

Money Morning Tip of the Day:

Not every special situation or “turnaround” play will
be profitable. But these three catalysts all point to a
company’s successful turnaround.

Today’s tip comes from
Money Morning

Tech Expert Michael A. Robinson:

Investing in companies that are in the midst of a turnaround
can be risky. You have to be willing to put your hard-earned
money into companies with steep losses. And not all can succeed
and produce big gains for investors.

Here are three tell-tale catalysts that can help you find
these big-profit stocks.

No. 1. A Solid Recovery Starts at the Top.

I like to see fresh blood at the top for a simple reason: When
companies get into trouble, it often follows from a series of bad
decisions by senior management. So, if the company needs to go in
a new direction, that requires execs who will bring in new ideas
and approaches with them. If a board of directors isn’t willing
to change leaders, it isn’t serious about righting a sinking

No. 2. The Company Must Find New Growth.

To convince key customers, lenders, and investors that it has
embarked on a new direction, a once-troubled firm has to offer
more than just lip service. It must have something new to
deliver. This can include new products, markets, or ways of doing

No. 3. The Company Must Improve Its Financials.

In all the years that I’ve analyzed turnaround firms and their
stocks, I’ve yet to see one that didn’t need at least some
improvement in its balance sheet. Of course, we like to see lots
of new sales. But if the firm can’t improve its cost structure,
sooner or later it’s going to end up in financial trouble.

Robinson shared a company that meets all three of these
criteria, and its stock could soar 50% in less than three
years. Get it here:

How to Find Tech Stocks Ready for a Turnaround

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Wealthiest Year Ever,” click

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