Dow Jones Today Struggles to Break Seven-Day Losing Streak

The Dow Jones today moved 80 points lower in pre-market hours as trade tensions continued to dominate investor sentiment. Despite a solid day of earnings on Wednesday that renewed market optimism, the Dow shed 42 points by Wednesday's market close. Investors continue to worry about the fallout from the ongoing spat between China and the United States on trade. However, you don't have to – if you know how to profit.

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

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Money Morning Insight of the Day

The Nasdaq is sitting at an all-time high. The Dow is sliding due to concerns that the market is too frothy. Where on earth can you invest for any serious gains in this environment?

We have you covered. This week, we did our digging into the numbers, and we have found three stocks that could surge 80% or more in the months ahead. Let's dig into them as the market opens… right here.

The Top Stock Market Stories for Thursday

• While the Dow continues to slide, the Nasdaq is locking in fresh gains. The Nasdaq hit an all-time record Wednesday thanks to a new record from Facebook Inc. (Nasdaq: FB). The social media giant popped above $200 per share after it announced that its Instagram platform now has 1 billion users – nearly a seventh of the world's population. The company also announced the launch of Instagram TV, a new platform for "long-form, vertical video."
• Snap Inc. (NYSE: SNAP) continues its slide into financial straits. Shares of Snapchat's owner fell almost 4% Wednesday after Facebook announced its new user base total. Several analysts used Facebook's announcement as an opportunity to downgrade SNAP stock, a list that included Needham & Co. and Cohen. The stock has declined more than 8% over the last two days. Don't buy it – the company is a "Banana Republic."
• Marijuana stock prices popped on Wednesday after Canada's Senate approved a bill that would legalize cannabis across the entire country. Canada is now the second country in the world – and first in the G7 – to fully legalize marijuana. The good news is that the delay in this process thanks to hang-ups over certain amendments. That delay has created an opportunity for smart investors to get in before this summer, when Canada goes full legal. Read here for our full list of the best marijuana stocks to own.

Four Stocks to Watch Today: SBUX, DIS, CMCSA

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