Archives for January 2019

January 2019 - Page 2 of 15 - Money Morning - Only the News You Can Profit From

Dow Jones Industrial Average Up Big Today Ahead of FOMC Meeting Announcement

The Dow Jones Industrial Average is on the move as investors digest the latest round of earnings from Apple Inc. (Nasdaq: AAPL). The Federal Reserve plans to announce its latest decisions on interest rates and the state of the U.S. economy.

The market experienced a wild December after the Fed hosted its most recent meeting. Look for Fed Chair Jerome Powell's press conference this afternoon and whether he says they will continue to be "patient" on rates.

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

We Beat Wall Street at Its Own Game (and Collected 7x the Profits)

As Chief Investment Strategist, it's my job to help you build life-changing wealth using the specific tips, tactics, and techniques we cover together.

Sometimes that's simple stuff, like how to buy the world's best companies or concentrate your money for maximum results.

Other times, it's a little more complicated, like how to protect and grow your nest egg despite the latest headlines, Washington, or even Wall Street itself.

Today though, we're going to talk about doing both...

The Shutdown Might've Delayed the Bitcoin ETF, but the Main Catalyst Is Still Coming

Last June, investment management firm VanEck announced it was teaming up with SolidX, a financial services provider, to develop the world's first price-backed Bitcoin ETF.

The news took the crypto community by storm as investors eagerly anticipated Bitcoin's arrival as a serious commodity on Wall Street.

However, those hopes were dashed last week when the exchange that VanEck intended to list the ETF on withdrew an approval request from the SEC for the Bitcoin ETF.

Here's How the Price of Silver Will Move After Today's FOMC Meeting

The latest action in the price of silver has helped confirm the newly emerging bull market.

In early January, silver prices twice tested $15.75 to close above $15.70. The second time they tested that level, they quickly reversed, with silver dropping back to $15.55, then gradually falling even further.

The DXY dropped off considerably last week, as investors turned their interest toward earnings season and began pricing in continued dovishness from the Fed.

That drove a dramatic rebound in silver above $15.70. Here's exactly how the price of silver is moving now...

Your Secret Decoder to Earnings Reports

If you were listening in on Apple's earnings call last week, on Jan. 29 at 5 p.m. ET, you would have heard Apple Inc. CEO Tim Cook himself say:

"We generated record December quarter services revenue in Greater China, fueled by an amazing ecosystem with over 2.5 million registered iOS developers. We saw very strong results from our wearables business there with revenues up over 50%. We also continued to grow our total active installed base by adding new customers."

Here's the plain English translation, or what the "pros" listening in heard: "Get your broker on the horn now! Don't miss the ride; AAPL's gonna gap much higher before the opening bell tomorrow, and it's not looking back!"

What's more, there's potent "profit mojo" hidden in the top and bottom line numbers in a really dense, data-heavy earnings report like Apple's. Getting a good, early read on it can mean the difference between flat returns and a nice fast double-digit gain.

On the other hand, if the numbers are bad (or if, as happens often, corporate accounting is "overly creative") you'll want to know ASAP so you can change your position and skip out on the slide lower when the selling starts.

My friend and colleague, Bill Patalon – the "World's Greatest Stock Picker" – has been through thousands and thousands of these earnings reports, back to front, throughout his decades-long career.

And best of all, he's been there to make the right call on them for his Private Briefing subscribers, too, delivering 217 peak double- and triple-digit winners.

In today's "Lightning Round" video, he's going to tell you exactly what you need to look for in these reports to separate the losers from the triple-digit rainmakers...