Archives for June 2020

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

Should I Buy Facebook Stock Now?

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Facebook Inc. (NASDAQ: FB) has been in the news this week as over 180 advertisers are boycotting the social media giant.

Founder and CEO Mark Zuckerberg triggered the exodus last week when he said his company won't monitor hate speech and violence on the platform.

The stock dropped 11% in the two trading days following dropouts from mega-cap companies like Verizon (NYSE: VZ), Unilever (NYSE: UN), Coca-Cola (NYSE: KO), and Starbucks (NYSE: SBUX).

Some analysts expect up to one third of Facebook's total advertisers will join the revolt.

So, what do you do if you own the stock? And is this correction a buying opportunity or time to steer clear?

During his Markets Live stream at 8:45 a.m. EDT this morning, Money Morning Technical Trading Specialist D.R. Barton, Jr., answered this exact question for his viewers...

The Two Most Important Stock Market Signals to Watch Now

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Money Morning's Quantitative Specialist, Chris Johnson, has been building proprietary trading models since the 1990s and has guided his readers to 70 double and triple-digit winners in the last year alone.

Chris knows, like anybody else who's been investing long enough, that nothing goes up indefinitely.

And during his Markets Live appearance yesterday, Chris made the case for why he thinks we're close to a tipping point.

A tipping point that could turn stocks over and send us to new lows...

Dow Jones Sliding as Markets Prepare for Fed Chair Testimony Before Congress

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The Dow Jones could take a dip today as investors await testimony from Federal Reserve Chairman Jerome Powell before the House Financial Services Committee this afternoon.

The testimony will center on the central bank and the Treasury Department's response to COVID-19.

Investors are also watching bank stocks today.

More on this below.

Read more...

Here's a High-Profit "Kicker" for Your Microsoft Stock

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I've recommended Microsoft several times over the years, each time with more conviction as its Azure service solidifies its position alongside Amazon Web Services as one of two "kingpin" players in Cloud computing.

That hasn't changed, and it won't anytime soon.

But today, I'm recommending it for a reason that's much more immediate and tangible in our everyday lives.

See, in as soon as 90 days, "Mr. Softy" will hit markets with an upgrade to its signature Windows operation system.

That move is going to catalyze incredible profits from here – and, yes, that's really saying something, considering…

  • The four times we've already doubled our money on Microsoft.
  • The fact that MSFT shares are up more than 46% (against the NASDAQ's 42%) since the March bottom.

So, by all means, put Microsoft in the very bedrock of your portfolio. But I'm going to tell you about another holding I think will work with Microsoft to put you over the top.

In other words, own this, and do even better in the long run… Full Story

In other words, own this, and do even better in the long run... Full Story

Dow Jones Now Sees More Volatility Despite Fed Effort to Stabilize the Economy

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The Dow Jones now is volatile after the Federal Reserve released the results of 119 bond issue purchases within two days as of June 17.

The central bank had scooped up huge chunks of debt from AT&T Corp. (NYSE: T), UnitedHealth Group (NYSE: UNH), Comcast Corporation (NASDAQ: CMCSA) and Walmart Stores (NYSE: WMT).

Read for more events moving the Dow today.

Read more...

These 5G Technology Stocks Tap Into a $667 Billion Industry

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5G technology covers a vast range of innovations.

And they are multiplying by the minute.

That's why Allied Market Research projects 11,977% growth for the 5G industry.

It's worth around $5 billion today, but it has the potential to reach $667 billion by 2026.

We know some of the best 5G technology stocks to buy if you want to hop on the wagon.

But it's important you don't go in blind.

5G is a very technical sector, and you will want to understand the waters before diving in.

Today, we're going to help you do that.

Read more...

The 6 Biggest Options Trading Mistakes to Avoid

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Many beginning investors focus on what they need to do to find success.

And that is perfectly normal.

After all, you need to select the right stock, the right option, and then buy it at the right price.

But knowing when to sell is only have the formula.

There are also important things to avoid in this process.

Today, we're going to talk about the 6 biggest options trading mistakes you could make starting out.

Read more...

Our Top Penny Stock Just Made 258% for Readers - Here’s the Next One

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On Jan. 30, we recommended buying shares of Workhorse Group Inc. (NASDAQ: WKHS) for $2.76.

Readers who listened made 258% on that trade last week, when the stock rocketed to $9.90.

We've been recommending penny stock trades like this all year.

And we have another top penny stock to buy now with money-doubling potential.

Get ready...

This Is Hands-Down the Most Extreme Profit Upside of 2020

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I'll come right out and say it: I've always dreaded and hated grocery shopping. Even during the best of times, before "social distancing" and "quarantine" were a way of life, I just couldn't stand it; I avoided it whenever I could.

Once the COVID-19 pandemic hit, and trips out – to mostly empty shelves – became a roll of the dice with my health… fuggetabouddit.

Looks like I'm in good company: Retail sales tanked more than 16% in April as the pandemic took hold. By May, they swung back and rebounded more than 17%, but even that was around 6% lower than May 2019.

Here's the thing, though… The massive, wholesale move to online shopping has led to forecasts of 18% growth in e-commerce.

When you think about it, that growth is no mystery. Except for filling up my tank (which I'm not doing often these days), I'm doing just about all my shopping online. Instacart, Amazon, eBay – name it, and I've probably bought there recently.

Hundreds of millions of other consumers have, too. It's created an extremely bullish setup for the entire e-commerce segment.

And I don't think that boom is over, not by a long shot. That means there's plenty of time left for "smart money" moves in this space… Full Story

And I don't think that boom is over, not by a long shot. That means there's plenty of time left for "smart money" moves in this space...