Reading the newspapers every day should be a money making proposition and not just a method for keeping up with current events, said Matt Towery, author of Newsvesting. 'By keeping a daily diary, you will see stories that will pop up, they will dominate and they can lead you to the research you need to make money off of the news,' said Towery. Towery is bullish on shares of Northrop Grumman (NOC) , which are up 20% in the past 12 months, far outperforming the 2% drop in the S&P 500 Index over the same period. He said he originally got into the defense giant's stock after repeatedly reading about global conflicts in the news. 'The world is on fire.