Archives for October 2019

October 2019 - Page 8 of 16 - Money Morning - Only the News You Can Profit From

The Dow Jones Today Is Pushing Higher on Brexit News

The Dow Jones today is getting a lift from a new Brexit deal. It's still uncertain whether parliament will approve, but it's a positive day for the embattled prime minister.

The news in Europe offset statements by China this morning. Chinese officials have said that the U.S. must cancel new tariffs if it has any hope for reaching a trade deal.

Read more here...

Here's Where IPOs Are Still Crushing the Market by 40%

The mainstream financial media is having a bearish moment when it comes to initial public offerings. In story after feature story, you're bombarded with the idea that anyone who's excited about a big-name IPO is just setting themselves up for disappointment.

On paper, that narrative makes sense. WeWork's attempt at a $47 billion debut was farcical; its valuation plummeted to $14 billion before the offering was abandoned… and the CEO fell on his sword.

Then there's Peloton. Shares dropped 11.2% in its first day of trading on Sept. 26 – a decline that, according to The Wall Street Journal, directly influenced the decision of Endeavor Group talent firm to put off its own IPO. Insiders were obviously terrified of "poor market conditions."

But these were simply two bad IPOs, two expensive failures that had Wall Street wringing its hands.

The truth is tech and life sciences firms are still IPO leaders; that segment of the market is actually doing much better than stocks overall.

And if you snatch up the shares I'm about to recommend, you'll be ahead, too...

This Overlooked Defense Stock Is About to Surge 50%

Too many investors are missing this opportunity because they don't have a tool that will help them detect their status as a "breakout stock."

That's why I use the Money Morning Stock VQScore system. Our proprietary algorithm tracks thousands of profitable stocks and assigns each one a score.

The VQScore ranges between 1 and 4.9. The higher the score, the more likely the stock will breakout in the months ahead.

Here, I'm going to discuss a top defense stock that literally glues together our military structures.

Read more here...

Our Top 5 List of Penny Stocks to Watch Before 2020

This market is going higher, but do you own the right stocks? By "right stocks," I'm talking about those that can power your portfolio to monster returns.

If you're looking for stocks that can gain 100% or even 1,000%, you have to be targeting penny stocks. These small caps are the ones that can easily double in value in a very short period of time.

But what penny stocks should we buy? Here's a look at the top five...