Archives for June 2020

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

Markets Live Recap: Stocks Start June in the Green

As states continue to reopen their economies amid the coronavirus pandemic, investors showed their optimism and bid the S&P 500 0.4% higher today.

Traders are also grappling with rising tensions between the United States and China over the latter's treatment towards Hong Kong.

With a list of earnings reports coming up and potential risks on the horizon, we're here to help you make the most money no matter what happens next.

Here's what our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are watching today.

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The Best Penny Stock to Buy Today Could Pop 111%

There's a lot happening right now.

On top of a worldwide pandemic, you have civil unrest and global trade disputes adding to uncertainty around the globe.

The CBOE Volatility Index (VIX) could threaten to rise back above 30 after its retreat following the COVID scare.

But these things don't have to stop you from making money.

In fact, our best penny stock to buy today could still earn you 111% on your investment.

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The Best Options to Buy on Robinhood Now Could Double Your Money

The economic lockdown following the pandemic hasn't just made our lives radically different, it's also creating radical opportunities in the stock market.

Nowhere is that more true than for options, especially as free platforms like Robinhood make it even easier for traders to cash in.

Today, we're going to show you how to harness the changes brought on by COVID-19 into profits with the best options to buy in Robinhood.

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Here Are the Masters of the New Retail Universe

Catchphrases like the "Death of Retail!" or the "Retail Apocalypse!" have been flying all over the media for around a decade now. Whales like Amazon and Walmart have been crushing the competition since way, way before the coronavirus upended life and commerce around the world.

Just take a look at this exchange-traded fund. I've been talking about it in my Markets Livestream because it's returned almost 5% this year. I'm talking about the ProShares Decline of the Retail Store ETF. And get this: It's trading under the ticker EMTY.

The name and ticker say it all, but still… Ouch. Someone on Wall Street has an edgy sense of humor…

In 2019, more than 9,300 store closings were announced, and the COVID-19 pandemic promises to eclipse that grim record. I'm reading now that Cushman & Wakefield estimate a whopping 12,000 big chain stores could fold in 2020.

Look – it would be unfair to lay all of this at the feet of Amazon and Walmart; for retailers, business conditions can be fluid at the best of times, and the COVID-19 pandemic has been absolutely brutal for most of the consumer spending-driven U.S. economy.

So the big players have clearly cemented their positions. But here's the thing: They're not the only game in town. Nor is all retail dead – not by a longshot.

It's just that, to use an "SAT word," retail has almost completely bifurcated; there are now two separate retail sectors emerging.

Let me tell you all about the one you want to be in for the long haul… Full Story

Let me tell you all about the one you want to be in for the long haul...