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Trading Strategies

Three Breakout Income Stocks to Grow Your Wealth for Years

Yields are up right now – and that's good news for investors who want to make some income.

With the stock market still down about 14% from its record highs in February, yields have climbed from an average 1.9% in February to 2.4% in April.

Of course, you don't have to settle for just yield.

You can buy stocks with healthy yield and that are climbing higher, so you can get paid to hold it and see your investment grow.

To find those stocks, our Chris Johnson turns to the technicals – otherwise known as the EKG of the market, showing you exactly what's going on.

Today, the technicals have led me to three breakout income stocks that are flashing the key bullish signals I look for when buying and that give you reliable yield...

Stocks

Markets Live Recap: Stocks Jump After Successful Treatment Trials

Investors got another vote of confidence today and bid stocks higher after Dr. Anthony Fauci expressed optimism about a potential coronavirus treatment from Gilead Sciences Inc. (NASDAQ: GILD).

Gilead's Remdesivir drug preliminary results showed at least 50% of patients treated with a five-day dosage improved.

The S&P 500 jumped 2.6%, putting the index on track for its best month since 1974.

At the same time, the curve does not appear to be flattening in the United States yet.

As of yesterday, over 1 million Americans have officially been diagnosed with the coronavirus.

And 32 million Americans are still officially unemployed.

That's approximately 19.5% of the 164.5 million total work force.

The stock market is clearly not representing the economy right now.

Instead, it's being propped up by the government.

Here's what our experts – Chris Johnson, Tom Gentile, and Shah Gilani – thought about today's positive move and where they see stocks moving forward.

Read more...