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John Dorfman: 91-year-old man wins my stock-picking competition


John Dorfman
Investing columnist John Dorfman (Photo: Bloomberg News)
 
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In a crazy-good year for stocks, Robert Zedler, a 91-year-old retiree in Suffolk, Va., won Dorfman’s Three Stock Derby with a 334% return.
Despite his age, Zedler’s picks in my stock-selection contest were newish companies. His biggest gainer was Plug Power Inc. (PLUG), a maker of hydrogen fuel cells. That stock soared 543%. Next was Moderna Inc. (MRNA), the inventor of a leading covid vaccine, up 244%.
He also notched a 213% gain in Livent Corp. (LTHM), a producer of lithium used in electric-car batteries. ....

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John Dorfman: Why the Nasdaq stock market is a focal point now


All eyes are on Nasdaq.
The Nasdaq stock market is home to the big technology companies the likes of Apple and Microsoft that dominated the market and provided most of its oomph in 2019 and 2020.
In the two years ended in December, the Nasdaq 100 Non-Financial Index advanced more than 103%, nearly quadruple the gain in the New York Stock Exchange Composite.
This year, the worm has turned. The NYSE Composite has gained 8.2%, while the Nasdaq 100 has limped to a 0.38% return.
If Moses (the technology giants) can’t lead the market into the Promised Land, will there be a Joshua to take his place? That’s the question of the hour. ....

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