Archives for August 2020

August 2020 - Page 7 of 12 - Money Morning - Only the News You Can Profit From

Why the Best Electric Vehicle Stock Doesn’t Make Cars

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Despite one of the worst years in automotive history, Tesla (NASDAQ: TSLA) shocked everyone by surging 300% higher from its April lows.

This brings their return from IPO up over 7,000%.

They have even surpassed the market cap of Toyota (NYSE:TM), one of the largest automotive manufacturers in the world.

Tesla's meteoric rise and the emergence of all-electric competitors like Rivian, Nikola, and Lordstown Motors have investors clamoring to get in early on the next big thing.

But the best electric vehicle stock to buy right now is none of the above.

In fact, this company doesn't even make cars.

Read more...

Tesla Stock Split: Everything You Need to Know

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A Tesla stock split is just weeks away, and investors no doubt are wondering how it will affect them.

The announcement, made during Tesla Inc (NASDAQ: TSLA) on Tuesday, Aug.

11, surprised Wall Street.

The news pushed TSLA shares up about 6% in post-market trading (even though the stock split changes nothing fundamental about the stock).

And it ended the trading day Wednesday up a whopping 13%.

Today, we're going to answer all of your questions about the Tesla stock split.

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Why Investing Guru Bill Miller Was Buying Bitcoin in 2014 - and Holds It Now

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Over the past few years, a growing number of high-profile Wall Street personalities have said they were investing in Bitcoin.

But one big name was buying Bitcoin years when most of the others were ridiculing it: Legendary fund manager Bill Miller.

Having bought Bitcoin in 2014, Miller remains optimistic about the cryptocurrency's future.

In several recent interviews Miller gave his take on why he still owns Bitcoin and why he thinks it has so much potential.

And some of what he said will surprise you...

2 Best Biotech IPOs to Watch in August

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Amid a relatively dry IPO year, biotech IPOs have boomed.

According to The Wall Street Journal, American biotech IPOs have totaled $9.4 billion so far this year.

The total for 2018 was $6.5 billion.

And the year is not even over yet.

Investing in IPOs can be both exciting and lucrative, but you have to know which to buy.

Today, we're going to show you some of the best biotech IPOs to watch this year.

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Dow Jones Today Is Flat with Unemployment Filings Back in Focus

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The Dow Jones today could stay flat as investors monitor the ongoing impact of COVID-19 on the U.S.

economy.

Stocks poised to benefit from a reopening have slumped as concerns rise over an uptick in coronavirus cases across the country.

Investors are still waiting for politicians in Washington to find a compromise on a new round of stimulus.

Read on to see what else could move the Dow today.

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3 Best Penny Stocks to Buy Today for 354% Gains

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The S&P 500 is near an all-time-high, above 3,300.

This could fuel one of our best penny stocks to buy as much as 354% higher.

We’re going to show you that penny stock today.

According to the Securities and Exchange Commission, penny stocks trade under $5.

That allows them to make huge percentage shifts in response to the broader market.

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Dow Jones Now Up with U.S. Closer to COVID Vaccine

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The Dow Jones now is on the rise after President Donald Trump announced the U.S.

would purchase 100 million doses of a COVID-19 vaccine from Moderna Inc.

(NASDAQ: MRNA).

Investors are paying close attention to Wall Street’s reaction to Democratic Presidential Nominee Joe Biden’s decision to select Sen.

Kamala Harris (D-California) as his VP candidate on the party ticket.

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