Archives for June 2020

June 2020 - Page 11 of 13 - Money Morning - Only the News You Can Profit From

How Is the Economy Doing: Short- and Long-Term Economic Impacts of COVID-19

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As fears about the pandemic grow, global markets are seeing trillions of dollars disappear as the economic impact of coronavirus wreaks havoc on economies across the world.

As we move toward a recession as a result of COVID-19, what exactly can you expect from the stock market and U.S. economy?

Will it get worse before it gets better?

Is there opportunity to be had in stock market futures or the U.S. economy in general?

What can you expect as a result of COVID-19?

It seems as if we haven't yet reached the bottom of the market, so we asked our leading experts to share their COVID-19 market insights to help you make money no matter what happens next.

Read More…

Markets Live Recap: Bad Jobs Data Snaps the Stock Market's Win Streak

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Another 1.88 million Americans filed for unemployment benefits over the last week (compared to Dow Jones estimate of 1.78 million).

42.6 million citizens have now filed for unemployment since the start of the pandemic 11 weeks ago.

More concerning, however, were the 21.5 million people who filed continuing claims. That's a gain of 649,000 over the past week, which is also worse than Wall Street expected.

These statistics definitely weighed on investors sentiment, who have been confident that the economy will be able to successfully reopen over the summer.

Here's how our experts - Chris Johnson and Shah Gilani - see things playing out in the economy, plus the stocks you can buy or sell to profit today.

3 Litecoin Price Predictions for 2021 - One Forecasts Gains over 10,000%

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It's been a rough year for Litecoin enthusiasts, with the price of LTC dropping 53.2% from June 4, 2019 to June 4, 2020.

But just like with any bear market, we could see Litecoin prices rebound in the next year.

That's why we had to make sure you saw the latest Litecoin price predictions for 2021.

The lowest price target on PrimeXBT.com for Litecoin in 2021 is $500.

From today's (June 4) price of $47.75, that's a potential gain of at least 947%.

However, there's one LTC price prediction for 2021 that is so bold, you won't believe it until you see it.

We're going to share that prediction in just a minute.

But first, we're going to answer some of the most common questions we've received about Litecoin heading into this year and next...

How to Invest in Space Exploration

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The SpaceX Falcon 9 rocket launched astronauts to space for the first time on May 30.

They went travelling from NASA's Kennedy Space Center in Florida to the International Space Station in…space.

That's one small step for humankind. But we think it could also be a profit opportunity for you.

Here's how to invest in space...

Here Are Two Ways to Be Bullish on Hertz Without Losing Your Shirt

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The COVID-19 pandemic may have been the classic "last nail in the coffin" for Hertz, but this company has been in trouble for four years now.

And with travel at a standstill, Hertz was out of time, money, and options.

So just last week, it filed for Chapter 11 bankruptcy.

But a week into its bankruptcy, and there's still no credible restructuring plan.

Now, ordinarily, investors wouldn't want to touch this stock with a 10-foot pole, especially from a buy and hold perspective.

Billionaire investor Carl Icahn might agree… after sinking $1.88 billion into the stock over the past six years, he recently sold his Hertz shares for a whopping $0.72, just about $40 million.

But Icahn (and 99% of investors) missed the move Tom's about to show you today.

Today, I'm going to show you how to intelligently assess your risk/reward potential to play Hertz for profit...

Markets Live Recap: The FOMO Rally Heats Up

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Despite hardly any positive news, Wall Street continued putting more cash to work on Wednesday as investors bid stocks another 2% higher.

They're betting that we're going to have a smooth reopening of the economy even as coronavirus infections continue higher and protests against police brutality fuel nationwide social unrest.

Here's what our experts - Chris Johnson and Shah Gilani - saw at the open and close of the trading day, today June 3...

How to Trade This Home Improvement Stock Before the Summer Rush

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As we dive into summer 2020, this decking materials stock is expecting to continue trending higher along with a new wave of business.

Chris Johnson's been waiting for this stock to drop into the ideal "buy" window, and there couldn't be a better time to jump in…

It's already climbed more than 70% over it's start in April, and now it's closing in on the coveted "golden cross," a technical trading signal for a long, robust rally.

Check it out in the latest episode of "Fast Profits with Money Morning"...

The Long and the Short of It: How to Profit from the Trends Driving the Dollar

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Over the weekend, Goldman Sachs released a note revealing that it's betting against the U.S. dollar, anticipating that even more investors will rush into the stock market as the U.S. economy reopens.

Plus, the Fed and Congress' massive effort to provide liquidity to the economy has dramatically expanded the central bank's balance sheet and sent U.S. debt levels to sky-high levels.

In fact, by the end of this crisis, the Fed's balance sheet could easily top $10 trillion.

In addition, the threat of another wave of coronavirus and increasing unrest across America could reduce the dollar's status as the world's reserve currency.

There are other threats that continue to creep in, just under the radar.

And whether your investing style is aggressive, conservative, or somewhere in between, there are ways to profit...