Archives for September 2020

September 2020 - Page 6 of 12 - Money Morning - Only the News You Can Profit From

The Best Financial Stock Grows as Banking Is Changed Forever

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Ever hear that joke about a Starbucks on every corner? It starts to make sense when you realize that there over 15,000 locations across the United States.

But that pales in comparison to the over 80,000 full-service bank branches.

Add in ATM machines and now you are at almost half a million locations where you can get cash.

The funny part about that, is even though there are so many locations to get cash, I can't remember the last time I walked into a bank and I can imagine you are thinking the same thing.

That's more than a simple shift in consumer preferences.

It's a massive trend in fintech that could push the best financial stocks even higher…

Read more...

Stock Market Predictions for a Second Wave of COVID-19

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Where is the stock market heading in the future?

One of the best answers I have ever heard to this question came from a colleague on television.

When asked for a stock market prediction, he replied, "It'll go up until it stops. Then it'll go down."

Although there is good reason to track bullish ETFs and growth stocks, any return could be temporary.

There is an incredible amount of uncertainty given the market's detachment from current economic readings.

That said, here are some things to keep an eye on moving forward.

The Best Stocks to Buy If Trump Wins Reelection

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With the election fast approaching, investors need to be thinking about the best stocks to buy for each outcome.

And while former vice president Joe Biden is leading in the polls, many pundits believe President Trump has a good chance of pulling out another surprise victory as he did in 2016.

So investors need to be ready for a Trump win in November.

We've got a full analysis - and the best stocks to buy if Trump wins...

The Marijuana Stock to Buy Before New Jersey Cannabis Legalization in November

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Sometimes it takes a few baby steps to get things moving, which is what we have with cannabis legalization in New Jersey.

But that's okay, because I'm incredibly excited for the full leap the Garden State can take in November to vote for full legalization.

That will open up a whole new group of buyers and mean dispensaries can sell more products, generate more sales, and stock prices can climb higher.

A report from analysis and advocacy firm, New Jersey Policy Perspective, projects that 343,000 New Jersey residents could spend $1 billion on cannabis each year.

So ahead of this exciting development, I wanted to provide a quick overview of current cannabis laws in New Jersey, what's happening in November, and some of the companies already operating in the Garden State.

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The One Profit Play I See in the Nikola Scandal

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Would-be electric truck maker Nikola Corp. is one of the biggest stocks of the mobile-investing craze of the past six months. Its stated goal is to "transform and disrupt the transportation industry globally."

Last time I checked, the global transportation sector was worth in the neighborhood of $6.5 trillion, so there's no denying Nikola is aiming high. As I've said many times here, the electric vehicle industry is the future. Tesla has blazed the trail and proven it. (Get it? Nikola? Tesla?)

It's just that Nikola hasn't really built anything yet.

With a $30 billion market cap, it's the world's biggest truck maker that hasn't built or sold a single truck. Nikola's ideas and concepts are awesome, but there's no getting around the fact that they're just ideas and concepts.

That hasn't stopped retail investors from snapping it up. NKLA shares have been on a wild ride since the pandemic started. At one point in early June, the stock scraped the $80 level, and it still sells for more than three times what it did at its IPO.

But now the company is under attack by a very aggressive short-seller. These attacks have already slammed the shares by as much as 36%; there's no telling how much the short-seller may have made in the process.

It's more important than ever for regular investors to know just what's going on here, because there is a profit play to be made… Full Story

It's more important than ever for regular investors to know just what's going on here, because there is a profit play to be made...

Dow Jones Today Pushes over 28,000 as Investors Prep for Fed Statement

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The Dow Jones today will climb higher ahead of the latest update from the U.S.

Federal Reserve.

The central bank will complete its two-day meeting on monetary policy on Wednesday.

Virtually no one expects any changes to the central bank’s stance on interest rates.

However, investors are paying close attention to how the Fed plans to address inflation.

Concerns about the economy continue to swell.

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Read more...

How to Protect Your Hard-Earned Money with Options Right Now

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A UBS study not long ago polled 3,750 investors, and 81% are predicting another market crash before the end of the year. The average drop of the predictions? Thirty-five percent.

Now, I'm usually not one to run with a crowd, but in this case… Well, even the most bullish optimists out there in Sunshine Town have to admit, the risks are there, and they're pretty easy to see.

We've got a potentially chaotic, drawn-out presidential election in November, which is right around the time experts agree cooler weather could bring worse COVID-19 outbreaks. We've got tensions with Iran; China and India have a bone to pick with each other, too. And, any given hour of the day or night, a provocative tweet from the White House could upend any and everything, really.

The 10% dip the Nasdaq took last week could be just an appetizer. Any one or a combination of those things could send stocks tumbling just as low, or lower, than we saw in March.

Look, I'm not saying this to spoil your good time. And I'm not saying it's time to head for the hills – not by a long shot.

But it is the perfect time to look at some inexpensive and, in some cases, potentially very profitable ways to fortify our portfolios and any long-term positions we might like to have on.

These moves will work if we have another crash, but they'll also pay off if we get another big gap downward like last week's, which could be even be more likely than a flat-out crash.

Here's what to do… Full Story

Here's what to do...