Archives for November 2018

November 2018 - Page 13 of 16 - Money Morning - Only the News You Can Profit From

Dow Jones Industrial Average Falls 50 Points Ahead of Federal Reserve Rate Decision

The Dow Jones Industrial Average fell over 50 points in premarket trading as investors awaited news from today's Federal Reserve meeting on interest rates.

Markets largely ignored this morning's announcement that Americans seeking unemployment benefits came in at 214,000, a figure that was in-line with economists' expectations.

The Dow Jones surged more than 445 points yesterday after the Democrats secured the House of Representatives during the Midterm elections.

How This 38-Year-Old Little Yellow Guy Helped Me Build a Fortune

If you're "of an age," shall we say, there's no doubt you at least remember Pac-Man, even if you didn't spend hours playing it… like I did.

I remember back in 1981, when I was 16 years old. Pac-Man showed up in the arcade down the street, and that was "it" for me. I was hooked.

I was okay at the game; I'd get two or three screens in before I was reaching for yet another quarter to feed the machine.

But there was always this one guy that came in and just crushed the game, going screen after screen after screen and notching insanely, untouchably high scores.

I wanted to be "that guy." I had to master and beat what I thought was the coolest game in the world.

I was going to need a lot more quarters – and it would be a few years before I started making money in the markets.

Here's what I did - and why it can help you rack up incredibly high "scores" of your own...

This 72-Year Secret Tells Us How Midterm Elections Impact Stocks

Since U.S. President Donald Trump's election in 2016, the Dow Jones Industrial Average has risen over 6,500 points. The S&P 500 is up 600 points. And the Nasdaq has locked in a gain of nearly 2,500.

These historic gains are the result of what many investors call the "Trump bump." And traders are terrified that "the bump" is in jeopardy due to how midterm elections impact stocks.

You see, markets are terrified political upheaval from the 2018 midterm election will disrupt the "Trump bump" and send the stock market plunging into the red.

Why It's Cannabis Investors Who Really Won Yesterday's U.S. Elections

Election Day 2018 marked another resounding victory for cannabis.

At least 36 different ballot measures and elective offices across the country were in play.

From coast to coast, candidates from both parties who are on the record as favoring some form of marijuana reform were returned to office or swept into Congressional delegations, state houses, and local assemblies. These are the folks who can help move reform efforts along all over the country.

More importantly, voters in each of the three states with the most important legalization efforts (all three of which were carried by the Trump campaign in 2016, by the way) passed their referendum questions.

This isn't really a surprise – we knew going into Nov. 6 that 66% of Americans favor the legalization of cannabis for recreational use, and more than 90% want it to be legal for medical application.

Still, the results are big news for cannabis investors – and a flashing green light to folks who may yet be sitting cautiously on the sidelines.

That's because there are major benefits to adding one of the largest states by adult population, and one of the reddest "red states" to the pro-cannabis bandwagon.

Let's take a look...

This Tech Stock Is Crushing the Market and Could Still Double from Here

Today, I'll show you a tech stock that has not only climbed 30% in the last month, but could double in share price from here.

Sadly, most investors have missed out on these types of gains.

You see, the proliferation of Exchange Traded Funds (ETFs) has resulted in broad-brushed, mind-numbing investment strategies that fail to consider that what matters most are the underlying fundamentals of a particular stock.

Instead of investors targeting good ideas, the herd turns to "themes" in the search for market-beating returns.

That's not what we're doing today...