Archives for May 2020

May 2020 - Money Morning - Only the News You Can Profit From

The Two Stocks to Buy amid Market-Media Tensions

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Many stocks, with a few exceptions, moved up last week. Clearly, investors are seeing some cause for optimism out there, pushing the Dow back over 25,000.

But you couldn't tell that from the news. I'm looking at a CNN headline chyron right now, for instance, that reads: "COVID-19 cases are rising in 18 states." The business section leads with "Markets are pushing higher as lockdowns ease. But huge risks remain."

However, in that same business section, decent gains are being reported, too.

So there's clearly a "Reality Gap" between those negative headlines and the prevailing, generally positive mindset and upward moves in the markets.

In that gap, there's plenty of room for making money… Full Story

In that gap, there's plenty of room for making money... Full Story

Three Powerful Forces Are Converging on the Cannabis Industry

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While 20 million to 30 million unemployed Americans is a tough number to stomach, one bright sector of the economy will help many of those affected reinvent their careers – cannabis.

Leading companies like Cresco Labs Inc., Curaleaf Holdings Inc., and Green Thumb Industries are proving that cannabis legalization is a key part of getting people back to work and getting the economy back on its feet.

These companies are still selling, building, and yes, even hiring.

And because of three powerful forces converging on this industry, cannabis will soon prove to be the biggest builder of tomorrow's fortunes.

Here's our Don Yocham with all the details...

Markets Live Recap: Why the Stock Market Was Volatile Today

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Tensions between the United States and China have risen in recent weeks after President Trump criticized the Chinese government's response to the coronavirus outbreak.

Investors were worried that Trump may pull out of the phase one trade agreement with China reached earlier this year.

That's why they sold off stocks into the close yesterday.

And throughout most of the day today.

But fortunately, the President didn't even bring up the trade agreement during his press conference today.

Instead, Trump announced he would take action to eliminate special treatment towards Hong Kong.

Money Morning's Chief Investment Strategist Shah Gilani was watching this press conference closely and dissecting all the news that came to light today.

Here's how he thinks investors should be positioning themselves heading into the weekend...

The 3 Best Penny Stocks Under $5 Have 400% Upside

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There have been many boxers that entered the ring with just a punchers chance.

They weren't the best students of the sweet science, and they often took a lot of punches from more skilled opponents.

But if they made good contact during the fight, they could beat anybody.

Penny stocks are the big punchers in your portfolio.

Maybe they don't have all the flashy traits of bigger companies, but they have the chance to outgain any of them.

To help you find these contenders, we've done the research and found three penny stocks under $5 that have a puncher's chance to be the biggest gainers in your portfolio...

How 5G Technology Stocks Could Save Lives

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During the early stages of the COVID-19 pandemic, medical facilities were spread thin in densely populated areas like New York City.

Beds where initially in short supply and in some hospitals, patients were lined up in the hallways as the system was inundated.

But 5G could be a step in the right direction for keeping hospitals from getting overextended like this in the future.

And one of the most promising 5G technology stocks has a foothold in that business.

Money Morning Executive Editor William Patalon, III, calls the "Zoom of Healthcare."

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How to Identify the Real Winners of the COVID-19 Vaccine Race

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Living in California where we have had the fourth-highest amount of cases of any state, I've seen firsthand the dramatic impact of the coronavirus on our daily lives.

Storefronts have closed, and major San Francisco employers, like Facebook, have given employees the option to work from home indefinitely.

Of course, some cities have started to open back up, but it has not been a great start. There's still plenty of uncertainty out there. Cases have risen in Houston, and Virginia just reported its highest per-day increase of COVID-19 cases.

This is why the need for a vaccine is so important and why the biopharma industry has received such close attention by the public and investors over the last few months… Full Story

This is why the need for a vaccine is so important and why the biopharma industry has received such close attention by the public and investors over the last few months... Full Story

Markets Live Recap: Dow Turns Negative After President Trump Announces China Conference

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Another 2.13 million Americans filed for unemployment over the past week, once again outpacing Wall Street's estimate of 2.05 million.

That means, nearly 41 million Americans have submitted jobless claims since the coronavirus pandemic gripped economies around the world.

That news was overshadowed by the by the four million people who discontinued their unemployment benefits over the same timeframe.

Continuing jobless claims fell from 25 million last week to 21 million this week.

That's largely due to states reopening their economies to various extents.

Stocks rallied for most of the trading session, with the Dow up 0.8% mid-day.

But then the big news of the day occurred at the end, when President Trump announced he will be giving a news conference regarding the China situation with Hong Kong tomorrow.

Here's what our experts – Chris Johnson and Shah Gilani – saw throughout Thursday's volatile trading session.

Read more...

The Best Options Trade on Robinhood Now Could Pop 200%

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Now that the economy is re-opening, stocks have been off to the races.

The Dow is up 4% in just the last week.

Some days it opened weakly on bad news but closed higher.

Other times, it just started strong and stayed that way.

Traders are optimistic about the recovery, and that's creating opportunities left and right.

To help you turn those opportunities into cash, we're sharing the best options trade on Robinhood right now.

That means this is an options trade simple enough to execute on a free platform like Robinhood, and it's cheap enough that it won't break the bank for most traders.

But there's plenty of upside here too.

In fact, one of our recent Robinhood options trades just popped for a 240% gain.

Here's the thesis behind today's trade… from the strong to show you only the best dividend stocks to buy in June.

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