Archives for June 2019

June 2019 - Page 11 of 13 - Money Morning - Only the News You Can Profit From

The "Marijuana Mecca of the Midwest": What Everyone Should Know About Legalization in Illinois

Stocks are caught up in a storm of fear right now, although that may be abating somewhat. But plenty of otherwise great companies with little to nothing to do with the trade wars are getting caught up in the selling.

Pot stocks are a great example. The truth is cannabis companies aren't really exposed to global trade conflicts, but they've been sliding along with most other shares.

Nevertheless, even knowing the facts – that the marijuana firms we're buying are fundamentally sound – I know times like these make it difficult to hang tough and be patient.

After all, as the events of this week prove, things are unfolding in the cannabis market exactly as they should…

… particularly on the legalization front.

The announcement that Illinois – the sixth most populous state in the Union – has taken cannabis fully legal should come as no surprise to us. But it's still a huge development for the cause of legalization – and, for our purposes here, the quality cannabis stocks we own.

Let me tell you what it's all about...

This Gambling Stock Will Soar Thanks to Expansion Plans in Macau and Boston

Here at Money Morning, our readers have had a lot of success with gambling stocks since
the U.S. Supreme Court struck down a federal ban on state licensing for casinos and
sportsbooks.

We saw a triple-digit gain last summer when we recommended Dover
Downs Gaming & Entertainment Inc. (NYSE: DDE) just before a Rhode Island casino
operator acquired it.

Today, we're unveiling a global gambling stock to buy with one of our
highest VQScores.

First, we'll talk about recent developments in China's gaming industry
and how to play recent developments.

Then, we'll discuss the one stock that is poised to
surge despite China's shaky VIP concerns.

Let's get started...

Why the Cloud Gaming Industry Is Really Growing 545%

The cloud gaming industry was worth $387 million last year, but analysts expect it to grow to $2.5 billion by 2023. That’s 545% growth, and believe it or not, most of it is going to one company. This has a lot to do with video games hitting the mainstream. What used to be for kids and college dropouts is now a pastime for many middle-aged adults – it’s even a growing professional sport. This industry is getting a huge shake-up.

Read more...

My Ultimate "Flight to Safety" Play Costs Less Than a Tenner and Puts 4% Cash in Your Pocket

I have a friend who's really bad with "timing."

Tell him that the party starts at 7 p.m., and he arrives at 8:16, still getting dressed in the car – tucking his shirt in as he enters the door.

Just recently, he called me and asked what I thought of the 10-year Treasury bond.

"Is 2.1% on your money a decent return for the next 10 years?" I asked him by way of an answer. "Treasuries are dynamite – if your goal is to lose money to inflation while loaning money to an irresponsible, spendthrift government."

As I write this, the U.S. 10-year bond has fallen from 2.13% to just 2.08%. We had a brief, unconvincing rally on Tuesday, but that wasn't enough to stop investors making a beeline out of global equities markets and into the safe haven of America's bond markets.

To use an overused phrase, these (understandably) safety-seeking investors are "rearranging deck chairs on the Titanic," or "fixing the barn door after the horses have bolted."

Put another way, those investors will find, to their chagrin, that the "conventional" safe-haven investments are either underwhelming or – let's face it – underwater.

Still, we need to be safe. Stocks can rally some more, but mark my words: We won't have to wait long before another Trump tweet – or geopolitical punch-up, or trade war, or scandal – sends stocks hurtling to the floor again.

So we'd better make a beeline ourselves, to these shares I'm about to show you. They're safe – ironclad, even – they throw off yield like it's going out of style.

And best of all, it's on sale at a double-digit discount...