Archives for August 2020

August 2020 - Page 3 of 12 - Money Morning - Only the News You Can Profit From

Dow Jones Now Flat After Stocks Leave the Index

The Dow Jones now is flat after Salesforce.com (NYSE: CRM), Amgen (NASDAQ: AMGN), and Honeywell (NYSE: HON) replace Exxon Mobil (NYSE: XOM), Pfizer (NYSE: PFE) and Raytheon (NYSE: RTN) on the index.

This week, the S&P 500 and NASDAQ reached milestones since hitting intraday lows in March.

Gains are 57% and 72%, respectively.

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Here's How to Play the Election, No Matter the Outcome

We've had a pretty good idea for months now of who would be on the Democrats' and Republicans' 2020 presidential election tickets.

And now that the conventions are sewn up – or, in the case of the Republicans, soon will be – we can turn our attention to the "home stretch."

Now, I'm not here because I'm backing a candidate. While I certainly have my opinions, and you have yours, I'm not here to talk politics or handicap the election. That's a job best left to the talking heads – they're welcome to it, I say.

Rather, from where I'm sitting in the markets, the home stretch is the time when the opportunities and pitfalls of either outcome come into focus. That's what I'm excited about.

And yes, while both parties are predicting doom and destruction should the other side win, the truth is there will be plenty – tons – of moneymaking opportunities after the election.

They're going to be different opportunities, and will require different approaches and positioning, but – mark my words – they will be there. That's what I'm breaking down for you here today to make sure you'll be prepared to profit from either scenario… Full Story

That's what I'm breaking down for you here today to make sure you'll be prepared to profit from either scenario...

The 6 Best Stocks to Trade Options on Now

Most investors know that options can boost returns with lower risk, but finding the best stocks to trade options on can be tricky.

That’s where we come in.

We’re options trading experts and our mission here is to help investors and traders like you make money.

You see, not all stocks are good for options trading.

In fact, not all stocks even have options in the first place.

But for those that do there are a few traits we look for in order to increase your odds for success.

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3 High-Yield Dividend Stocks That Pay 10% or More

One of the biggest market paradoxes right now is that income stocks are more necessary than ever but harder than ever to find.

Creating a risk-free income strategy like our parents and grandparents could do just doesn’t seem possible.

But you might be overlooking the best high-yield dividend stocks because you’re not looking in the right place.

Today, I’ll show you how one of my favorite investment strategies can produce yields of nearly 10% or more.

And make no mistake – dividend paying stocks are your best bet right now.

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Here's the Only Way to Profit from the Market "Bandwagon"

Ever heard the term "bandwagon fan"? Take the Pittsburgh Steelers, for example. They're the best football team in the NFL from where I'm standing.

But the Steelers were a steamrolling, unstoppable NFL "dynasty" in the 1970s. The Pro Football Hall of fame notes (and I can confirm), "Eight consecutive playoff berths, seven AFC Central titles, and four AFC championships from 1972 to 1979. The Steelers became the first team to win four Super Bowls and the only team to win back-to-back Super Bowls twice."

But the wheels fell off in 1980. The team went through a 26-year championship drought, until 2006's Super Bowl XL when – don't you forget it – the Steelers became the first wildcard team in the NFL to win three playoff road games and the championship. I stuck with 'em for those long years, but who knows how many fans went elsewhere.

Of course, those bandwagon fans came running back after the 2006 championship. You never want to be called a bandwagon fan because, let me tell you, Super Bowl XL felt a whole lot better for people like me, who'd stood by the team for those 26 dark years.

No wonder one of my 10 Commandments of Trading is: "Avoid running with the crowd." In other words, stay off the bandwagon unless you're actually in the driver's seat.

That's an approach that's made me one satisfied sports fan, but, more importantly, a really successful (read: "really wealthy") trader… Full Story

That's an approach that's made me one satisfied sports fan, but, more importantly, a really successful (read: "really wealthy") trader...

Let's Cash In on WGO Stock... from Inside My Winnebago

The other day, I mentioned I've taken to trading stocks in my new, 23-foot Winnebago Boldt-KL.

I'm taking my trading to exciting new places.

I absolutely love it in here, and I've been spending so much time in the Winnie that I made some cool interior "tweaks" to allow me to actually track and trade shares from inside.

After the story ran, we heard from a lot of folks who wanted to see my moneymaking camper van, so what else could I do? I made a quick video to show everyone the inside, including my trading setup.

And, even better, I've put together a very special, very easy trade on WGO shares so we can all celebrate with a nice, juicy end-of-summer payday.

Let's go inside. I'll give you a tour – plus, I'll show you how to make this move… Full Story