Archives for November 2018

November 2018 - Page 9 of 16 - Money Morning - Only the News You Can Profit From

The Shocking Role of Iranian Sanctions in Crude Oil's Plunge

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The collapse in oil prices has now reached historic levels.

Tuesday's 7% plunge in West Texas Intermediate (WTI) – the largest slump in more than 30 years of futures contracts – marked the 12th consecutive daily loss for the New York benchmark. Before rebounding slightly yesterday, crude had been down more than 22% in less than a month.

Now, we've spoken many times before about the numerous reasons why crude prices can plunge: artificial manipulation from short sellers and institutional monkeyshines, geopolitical tensions, distortions in supply and demand, even outright oversupply – we've seen it all before. 

In this present case, some of this current decline is warranted, given the market's overestimation of Iranian sanction impacts and, to a far lesser extent, some weakening in underlying fundamentals.

But to be sure, the leading cause of the plunge has been a combination of what I have called the "lemming fixation" (a penchant for jumping off the cliff en masse) and some outright market manipulation.

I'll have more to say on this shortly, in a more extensive analysis my team and I are preparing right now.

But it's the completely counterintuitive - yet entirely predictable - effect of the recently re-imposed sanctions on the Islamic Republic that I want to explore today...

These Are 5 Top Penny Stocks to Buy This Week

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For investors chasing significant gains with very little up-front investment, top penny stocks are a great profit opportunity.

You see, if a stock trading for less than $5.00 moves just a few cents, it can add up to major percentage gains – and returns for shareholders.

However, that doesn't mean penny stock investing isn't risky. Investors buying penny stocks should never invest more than they can afford to.

Facebook's Security Woes Are Setting This Cybersecurity Stock Up for a Quick 20% Gain

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Over the last year, Facebook Inc. (NASDAQ: FB) shares have fallen more than 16% as data breaches and political scandals plague the company's public reputation.

However, the social media giant appears to be on the verge of turning a corner.

Last month, reports surfaced that Facebook intends to acquire a cybersecurity firm in an effort to strengthen its digital defenses and regain public trust.

And that's great news for cybersecurity stocks. Facebook currently has $42 billion in cash on hand, giving it more than enough to lock down an acquisition.