Archives for November 2018

November 2018 - Page 12 of 16 - Money Morning - Only the News You Can Profit From

Jeff Sessions Is Gone, and Pot Stocks Are Soaring

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We knew Nov. 7 was going to be a historic day for the cannabis sector – we've been saying as much in the lead-up to the midterms. 

But as we've also seen, the marijuana industry moves at hyper speed. And the real post-election story was virtually impossible to predict, at least in terms of timing.

By midday Wednesday, the markets had woken up to the fact that voters in one of the most populous states, Michigan, and one of the most conservative states, Utah, had opened the door to legal marijuana in some form or another, and stocks spent a couple of hours gaining in value.

But then… it happened.

The No. 1 opponent of legal cannabis in the United States lost every ounce of his power to hold back the fastest-growing industry on the planet. Investors need to know just how important this is to the growth of cannabis as a business in the United States.

This is huge...

Dow Jones Industrial Average Slides Over 141 Points as Interest Rate Hikes Shock Global Growth Estimates

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The Dow Jones Industrial Average fell 147 points in premarket trading as concerns about rising interest rates continued to erode market sentiment.

On Thursday, the Federal Reserve issued a hawkish message on interest rates for the year ahead.

The U.S. central bank held rates unchanged after its November meeting, but Fed Chair Jerome Powell suggested that another rate hike is poised for December.

It Was the First Stock I Ever Bought - Now It's a "Buy" for You

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The first stock you buy often becomes a sentimental pick, and that is certainly true for Money Morning Executive Editor Bill Patalon.

Following the Great Crash of 1987 – when the Dow Jones plummeted 508 points, a 22.6% drop at the time – Bill became fascinated with the markets. His first stock pick set the tone for his career.

And now, all these years later, Bill is making the case for this stock again...