SPGI

S&P Global Inc

Global Markets

Here's a Rich Contrarian Profit Play on the United Kingdom's Brexit Problems

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The UK has recently appointed Boris Johnson as its new prime minister during its "Brexit" departure from the European Union.

Now not paying attention to what's happening in Britain is an expensive mistake.

So today, Garrett's going to walk you through the big changes underway in Britain and even bigger changes that could rock markets in short order. Plus, this stock will put you in the best position to profit...

Wall Street

This Ratings Agency's Fall Could Be Hugely Profitable

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I was excited to get news on Friday that the U.S. Department of Justice was breathing down the neck of ratings agency Moody's Corp. The two parties are "negotiating" over allegations of fraud relating to mortgage bonds that Moody's rated AAA from 2004 to 2007. As we all know, the bonds (and their sterling ratings) turned out to be beer-battered, deep-fried garbage in most cases.

Moody's shares had been coasting along near a 52-week high of $110, but they gapped down to $102.60 on the news and haven't come back since.

They're not likely to, either.

I'm thinking Moody's has a ways to go before it gets out of these woods, meaning its stock could sink a lot lower.

We'll all get the chance to make some money on this lemon, but first let me answer some burning questions about this company that I don't see anyone else asking, like why Loretta Lynch and the Justice Department picked now, of all times, to turn up at Moody's front door.

And the identity of the famous investor that stands to get a good burning on this news...