Archives for February 2019

February 2019 - Page 7 of 13 - Money Morning - Only the News You Can Profit From

There Are 1.5 Trillion Reasons America's Most Hated Stock Is Now a Buy

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According to the personal finance website Make Lemonade, 44 million Americans now own roughly $1.5 trillion in school debt. This is the second highest level of consumer debt in America after mortgages. That debt has reduced Americans' ability to buy homes, start families, and more.

And the crisis is about to get a lot worse with little relief on the horizon.

Today, I want to discuss the broader economic trend, several innovations to address the crisis, and one stock to buy to start profiting from this growing debt pile...

Dow Jones Industrial Average Today Reacting to Possible Agreement to Prevent Government Shutdown

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The Dow Jones Industrial Average was flat in premarket hours as investors continue to monitor developments on trade between the United States and China.

Chinese President Xi Jinping is scheduled to meet with U.S. trade officials as both nations try to strike a deal to avoid higher tariffs.

Also, investors continue to cheer news of an agreement to prevent a government shutdown and data showing lower inflation levels in the U.S. economy.

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

The Schumer-Sanders "Buyback Ban" Is a Terrible Idea - Do This Instead

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Last week, senators Chuck Schumer (D-NY) and Bernie Sanders (D-VT) co-authored an opinion piece in The New York Times titled: "Limit Corporate Buybacks: Corporate self-indulgence has become an enormous problem for workers and for the long-term strength of the economy."

The senators said, "From the mid-20th century until the 1970s, American corporations shared a belief that they had a duty not only to their shareholders but to their workers, their communities, and the country."

I have to say the senators are right: Buybacks should be limited. They benefit too few people, who already have the advantage.

But the senators are dead wrong about buybacks' impact on workers and the wider economy.

That a bunch of D.C. insiders are wrong isn't news at all. But in this case, I'll show you the senators' prescription for fixing the problem is disingenuous at best, and a command-economy disaster at worst.

The good news is, the problem of buybacks is very fixable.

And my way to do it would not only benefit corporations and shareholders, but regular, middle-class workers and small investors, too... Full Story

This Is the Best Stock to Buy as We Enter Tax Season in 2019

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This week, the Washington Post reported an alarming story with tax season approaching. It seems that the average tax refund for Americans has declined roughly 8% year over year.

On the surface, the Post framed this story about the 2018 tax cuts. The claim was that Americans were suffering because they received smaller refunds on average.

Today, I'll explain a few key changes that you need to know about in your taxes, and I'll show you a stock to buy now that should surge due to demand for its services...

10 Best Penny Stocks to Buy This Week, February 11

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The bull market might be nearly a decade old, but that doesn’t mean there aren’t any growth stocks left to buy. That’s exactly why we’re bringing you the 10 best penny stocks to buy this week.

You see, while money has already poured into the most popular stocks on Wall Street, penny stocks offer quick double-digit growth potential.

Read more...