by David Zeiler
As an investor, it's important to cast a cold eye on the presidential election.
You need to scope out the best stocks to buy no matter who wins.
Right now former vice president Joe Biden is leading in the polls, so investors need to have a plan for a Biden victory.
We've outlined just how a Biden win would affect your money.
And we have three top stocks to buy from our new chief investment strategist...
The Dow Jones now could climb further after a FAANG-induced rally.
Investors are wondering if the tech stock reversal is over.
Shares of Apple Inc.
(NASDAQ: AAPL) are trying to claw back to their all-time highs.
See what else is moving the Dow today…
After a historic rally of 1,000% over the past year, Tesla has hit a bump in the road.
You see, S&P Dow Jones Indices rebalances its indexes every quarter. A company needs to meet specific qualifications to be considered, including four consecutive quarters of profitability. So, investors eagerly await to see what stocks get added and removed when this time rolls around.
And many expected Tesla to be listed on the list of new stocks being added to the S&P 500 – so imagine the panic when Tesla didn't make the cut.
The decision not to add the stock to the S&P 500 surprised the entire market, especially those waiting for weeks on this decision, excited after Tesla reported a second-quarter profit in July. Tesla had ticked off many of the requirements needed to be considered for this index.
Tesla is now among the top 15 largest companies in the United States when measured by market capitalization – sitting at $320 billion. This makes the electric car marker the size of long-standing giants like Nvidia. And at one point, Tesla grew to be the seventh-largest company in the United States.
But size isn't all that matters when it comes to the S&P 500.
Unlike other benchmarks, the S&P 500 isn't driven by a strict set of rules or qualifications. Instead, the benchmark relies on a committee to decide what gets added and removed. Ultimately, Tesla didn't satisfy the S&P 500 committee.
And this snub didn't bode well for the electric car maker's stock. Tesla shares were down 19% in early trading Tuesday, wiping out more than $70 billion in market value.
Before you jump at this new price tag, there's something I want you to know. There's a way you can play this TSLA snub scenario for the most profits… Full Story
As the travel sector gradually reopens, post-COVID-19 this trade recommendation, courtesy of pro-trader Chris Johnson, could double your money or more.
See the full details in this, the latest from Fast Profits with Money Morning...
Etsy stock has been one of the big winners of the work from home trend this year, but it's gotten swept up in the latest tech sell-off.
We're not worried about that, in fact, that's creating the perfect environment for trading options on Etsy.
Here's exactly how to do it...
by Mike Stenger
A 31% drop on the S&P 500 gave many businesses a dim outlook in March.
The IPO market slowed down tremendously as a result.
What didn’t slow down, however, was online delivery.
An unprecedented amount of online orders were being placed during lockdowns.
Amazon had to hire 75,000 more workers to meet new demand.
As part of this trend, people were also eating out far less (if at all).
And companies like DoorDash came to the rescue.
That’s why this company hasn’t had the same hiccup as the rest of the IPO market since it announced a potential IPO in February.
Now, a DoorDash IPO is imminent as the company maintains its goal of going public before the end of Q4.
by Alex Kagin
When you run a marathon, it's better to focus on the finish line rather than each breath or stride.
That was the first thing that came to mind last week as the tech heavy Nasdaq dropped roughly 7% and Apple saw $180 billion erased from its market valuation on Thursday, the most any U.S.
company has ever lost in a single trading day.
Focusing on the finish line is important not just in sports but also the stock market.
While the tech selloff hammered markets over the last week, it is important to look at the bigger picture and look at the move as a healthy pullback for a bull market.
The Nasdaq is flirting with correction territory as it's down nearly 9% in less than a week.
The sharp downturn has volatility roaring back into markets and sending weak-kneed investors heading to the sidelines.
The VIX is up 18% in the same time frame.
But far from a panic-inducing downturn, this shakeup could play out very nicely for traders.
You see, we've been predicting volatility would increase around this time of year and it's healthy for markets to cool off a bit amid a runup.
That doesn't mean you have to stop making money.
Money Morning's Quantitative Specialist Chris Johnson has a great way to deal with the surging volatility headed our way.
But he is not going to just defend against it.
Rather, he has an options strategy designed to make you real money just as volatility expands.
Labor Day is now behind us, and we are in the home stretch of 2020.
While I know most of us will be glad to put this crazy year in the rearview mirror for a host of reasons, a lack of incredibly profitable penny stock opportunities will not be one of them.
We have seen some spectacular returns for stocks under $5 since the market bottomed in March.
Just look as what Workhorse Group Inc.
(NASDAQ: WKHS) has done since we recommended it on Jan.
30 for $2.76 per share.
Since then, the stock is up to $23.30 (over 744%).
The best part is, I'm continuing to find wildly attractive situations today… Thanks to recent market volatility at the end of last week and today, four penny stocks just popped up on my radar as "strong buys." .
The Dow Jones today started in the red as investors continued to pile out of tech stocks.
Shares of Tesla Inc.
(NASDAQ: TSLA) fell by more than 14.7% after the stock was not included in S&P 500 index changes by the S&P Down Jones Indices.
The timing also complements news that Tesla has completed another sale of $5 billion in common stock.
Read on for everything moving the Dow Jones now.
