Market Trends

Google Inc. (GOOG:NASDAQ) rose above $500 for the first time in this morning's trading, marking a new historical high at $505.30 (and counting) on the tech giant.

Meanwhile, the Nasdaq is attempting to mark another new 52-week high following GOOG's move.

Although the Nasdaq looks a bit high at this juncture, and could cyclically correct slightly, I think it may offer a great buying opportunity next week after the holiday.

Trading Tactics

Google Inc. (GOOG:NASDAQ) and Nordstrom Inc. (JWN:NYSE) are each in focus today, as GOOG is shooting past the $500 per share mark after unveiling discounts for online shoppers who use its payment service during the holiday season.

Shares of Nordstrom are also moving 1.6% higher as the high-end retailer's numbers echoes the positive growth we saw out of Kohl's Corp. (KSS:NYSE) and Dillard's Inc. (DDS:NYSE) late last week.

But the best stock of the day is my favorite maternity company Mother's Work Inc. (MWRK:NASDAQ). As I write, the stock is up over $6.00 to a new 52-week high at $54.00 and looking to go even higher.

As a pure play on expectant moms who still want to look stylish and hot, MWRK has the market cornered.

Material Profits

An unprecedented occurrence is about to happen...

Todd Schoenberger, editor of our very own Diligent Investor, and I will be headed to New York tomorrow to tape “Cashin' In” for the Fox News Channel.

We'll be going head to head on gasoline prices. His view? Gas will hit $4.00 by Super Bowl Sunday. Mine? Not a chance.

I'll tell you more about my view in tonight's Market Report, but you won't want to miss this showdown.

It airs Saturday, November 25 at 11:30 a.m. and again on Monday, November 27 at 5:30 a.m.

If you get a chance, send us an email about what you thought of the show to wavestrength@taipangroup.com with the subject, "Cashin' In Comments."

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