Let’s stay on the subject of EV and other things “clean.” Within the last week, we’ve seen a few Lithium stocks get downgraded by Wall Street, some solar stocks scramble for financing terms, and of course, the Ford news we just talked about. It all adds up to a great “Walk Down Main Street” for […]
Archives for December 2023
December 2023 - Page 3 of 4 - Money Morning - Only the News You Can Profit From
This Stock Is Now On a 12.5% Holiday Discount
Oracle (ORCL) reported earnings on Monday evening, and it, rightfully so, was the talk of the town… The gigantic $315 billion company missed Wall Street revenue estimates with cloud services slowing for the second consecutive quarter (25% growth year-over-year this quarter versus the 30% analysts expected). Two quarters ago, the segment was growing at 54%. […]
They Say it’s Hard to Catch Lightning in a Bottle…
How many of the new F-150 Lightning trucks have you seen on the road? Frankly, I’ve seen more Rivian in the wild, and they’re not selling well. So, it’s not a surprise that late Monday, Ford (F) announced that they are cutting production of the F-150 Lightning pick-up truck in 2024. It wasn’t a small […]
Three Stocks to Watch: Toy Stories, Slippery Slopes, and Buying Dreams
Toy Stories: Hasbro (HAS) made the Grinch smile on Monday when they announced the company was cutting 20% of their workforce. Let’s face it, kids don’t get “toys” for the holidays anymore. I won’t go into details here on what I found when I Googled “Top Christmas Toys for 2023”… I’m nauseated. Just planting this […]
Three Stocks to Watch This Week
SolarEdge (SEDG): These clean energy stocks suck, that’s why I’m short the ICLN. So, it made me giggle on Saturday when I saw CNBC telling us that this is the time to buy clean energy names. That’s what I call “sliding down the slope of hope.” My Target: $70 Marathon Oil (MRO): Analysts are starting […]
This Is the Only Chart You Need to Watch to Know When the Market is Going to Start Buying or Selling
I’m going to take just a minute to give you access to the only chart you need to watch to identify market tops and bottoms. What we’ve got below is a simple chart of the percent of companies in the S&P 500 that are trading above their respective 50-day moving average. Right now, the percent […]
One of America’s Biggest Brands Could Soon Be Within the Same League as GE and Kodak
It’s one of America’s most American brands. It’s worth over $200 billion. It’s a major global presence. Its stock has doubled over the past six years. And it’s widely owned by 401K money managers, institutions, and retail investors alike. Yet, I believe McDonald’s (MCD) will be in the same league as General Electric (GE) and […]
I Bet You Can’t Guess the Best AI Income Stock in the Market...
Yep, you read that right, you're about to receive the best artificial intelligence dividend yielding stock in your lap. First, let’s review my number one rule in dividend yielding investing, it’s simple… “don’t spend good money on a bad dividend”. Look at AT&T (T). Everyone and their mother asks me about buying AT&T for the […]
Apple is Getting Ready to Storm Higher Next Week
Shares of Apple (AAPL) are going to make what I call a “Volatility Surge” in the next few days, providing you with the opportunity to ride the stock from $195 to $210 before the end of the year. These are the type of moves that traders comb through the charts for, I’ll walk you through […]
Is AbbVie Making an $18.8 Billion Mistake? (Three Ways to Play It)
AbbVie (ABBV) has been on a buying spree the past few weeks. On November 30, they announced an all-cash acquisition of the small-cap company commercializing antibody treatments for cancer, ImmunoGen (IMGN), for $10.1 billion. Yesterday, they announced an $8.7 billion all-cash acquisition for a firm developing therapies for neuroscience diseases, Cerevel Therapeutics (CERE). As soon […]