Archives for July 2017

July 2017 - Page 4 of 23 - Money Morning - Only the News You Can Profit From

World Stock Markets, Gold, Boosted By Dovish FOMC Statement Wed. PM

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Global stock markets were mostly firmer overnight in the wake of a U.S. Federal Reserve meeting that produced a statement most of the markets deemed as leaning to the dovish side of U.S. monetary policy. Recent corporate earnings reports have also been mostly upbeat. U.S. stock indexes are pointed toward higher and record high openings when the New York day session begins.

Gold is posting solid gains Thursday in the wake of the dovish Fed statement that pushed the U.S. dollar index to a 13-month low. Reports overnight said India is moving to make "paper" gold (such as sovereign gold bonds) more attractive to its domestic investors, in order to reduce demand for actual gold bullion.

Traders and investors have mostly digested the Federal Reserve's Open Market Committee meeting (FOMC) that ended Wednesday afternoon.

Your Best Shot at Making Double-Digits on Amazon.com Stock Isn't Today

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Amazon.com Inc. (Nasdaq: AMZN) is preparing to announce its quarterly earnings this afternoon after the close, and plenty of traders are expecting big things.

I think the real "smart money" should be avoiding the announcement, and I'll show you why.

Don't get me wrong – there's no question this competition- and market-crushing company is still one of the absolute best stocks for buy-and-hold investors to own for long-term growth, and in a minute, I'm going to show you how to juice those long-term profits.

But the folks who want to make some big, fast gains on these shares should hang back until the real high-profit fireworks start.

It won't be long...