Archives for August 2020

August 2020 - Page 5 of 12 - Money Morning - Only the News You Can Profit From

Should I Buy Barrick Gold Stock Now?

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Warren Buffett's most recent SEC filing showed that Berkshire Hathaway (NYSE: BRK-A) purchased 20.9 million shares of Barrick Gold (NYSE: GOLD) in the second quarter.

This raised some eyebrows as Buffett has been pretty outspoken about his dislike of precious metals investments over the years.

In reality, it is unlikely that this was Buffett's call.

Rather, it was probably one of the other portfolio managers at the firm – Ted Weschler or Todd Combs – who each manage about $15 billion of Berkshire's investment portfolio.

The total purchase of Barrick Gold cost Berkshire $562 million, which is relatively small for Buffett, and more in line with Ted or Todd's position sizing.

In spite of that, the headlines screamed Buffett buys a gold stock.

And the headline traders piled in moving the stock price about 11% higher on Monday.

Today, I'll break down what the average retail investor should do with Barrick Gold stock now…

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SPAC ("Blank Check Company") Investing Guide

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Special purpose acquisition companies (SPACs) — also called "blank check companies" — have surged in popularity this year.

That's because they are formed solely for the purpose of buying private companies and taking them public, giving their shareholders the first crack at owning exciting new companies before the IPO.

We're going to share more about how this works in a moment.

We'll also help you learn how to invest in SPACs.

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3 Best Penny Stocks to Buy Right Now Can Make You 10x Your Money

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Penny stocks often get a bad reputation in the media.

The term is applied to all stocks that trade for less than $5, which covers a lot of ground.

You can find some unsavory characters lurking in that range.

But the best penny stocks can't be overlooked because of their name.

There are all sorts of opportunities in the penny stock world involving real companies with outstanding long-term prospects.

Here are the three best right now...

Cash In by Labor Day with These Four Moves

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I hope you've had a great summer – as much as possible with everything that's going on.

My family and I have managed to have a lot of fun, particularly in our new Winnebago Boldt-KL. In a pandemic, it's a nice, safe way to travel long distances, like we did on our summer road trip from Florida to New York.

In fact, I love it so much I find I'm doing a lot of everyday driving in it, just running errands.

Since I'm spending so much time in the Winnebago, I thought…

"Hey – might as well do some trading in here while I'm at it."

So, I hooked it up. I'm good to go; now I have everything I need to scan markets and trade stocks in here.

With gold and stocks going through the roof, and the dollar falling through the floor, I've had my hands full; I sent five plays to my readers yesterday and let my microcurrency folks take two 75% and 90% profits off the table.

As fun and productive (and profitable) as it's been driving and hanging out in the "Winnie," it's only around three weeks to Labor Day, and after that, less than four weeks to October and our first-ever virtual Black Diamond conference. (You can learn how to register to attend here; I'll be there for sure.)

There's a lot going on! And the closer we get to the end of summer, the opportunities get faster and bigger. The time to prepare is right now; if you wait until Labor Day week, it'll be too late.

With all that said, let's dive into my summer-end market forecast that looks at all four "corners" of this market and shows you how to play 'em. Here's what you need to know… Full Story

REITs to Avoid Right Now

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New York City is experiencing a modern-day exodus.

For me, I feel like I’m watching an ancient city like Ephesus collapse.

It does not look good for big-city real estate markets.

Today, I’ve uncovered some REITs you should avoid like…well…the pandemic.

First, it’s important you understand just how grim the situation is.

A taxpayer flight has taken place in Baltimore over the last 40 years.

New York has seen a similar flight in just four months due to COVID-19.

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Use This Options Strategy to Bag 66% Gains in a Day

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There are more profitable options strategies at your disposal than just buying calls and puts.

These may seem like the simplest ways to profit on the ups and downs of stocks, but you could be leaving a substantial amount of money on the table.

You see, options strategies range from the ultra-simple, like buying a single call, to a tailor-made strategy built for a specific scenario you're following.

By simultaneously buying and selling related options you can find the perfect strategy for any situation.

Today, we'll show you one of our favorites...

Buy This, Not That: The Real Story on Retail Profits

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I just published a must-see video where I run down 50 stocks – what you should buy, what to sell, and, the best part, exactly how to do it with less than 500 bucks.

You can check that out here, but the retail story is so big, and so many financial media outlets have it so wrong, that I wanted to put these picks front and center today.

We're in the third quarter of 2020, and we've already seen 43 bankruptcy filings – just five fewer than in 2010, which was the Great Recession's worst year for retailers.

So, with four months left in the year, we're well on pace to see records broken. It's not unrealistic to talk about bankruptcies hitting the hundreds.

Now, turn on your television, and you'll hear all about how it's the U.S. consumer driving this – and that's not necessarily wrong, but what few realize is the problem goes deeper than that.

There's a problem with the way retail "works" right now that could blindside a lot of folks. So I want to tell you what's really going on and where I think the best bets are… Full Story

Is CureVac Stock a Buy After 362% Pop?

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2020 has not been the most exciting year for IPOs.

While the big coronavirus crash in March prompted a lot of investors to buy stocks on the cheap,.

the uncertainty has kept many companies from going public with their shares.

Of course, for every rule there are exceptions.

Biotech IPOs have been as popular as ever amid the pandemic, and for good reason too: There’s money out there for companies who can help end the pandemic.

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