by Andrew Keene
GameStop's historic "Super Squeeze" back in January gave short sellers the chance to make a killing on the stock.
But it was also a wake-up call for GameStop's board, who seized on the attention and all the capital it brought along as a chance to turn the company around.
Andrew sees potential here as GME becomes a stock well worth owning again.
Here's what's happening with GameStop and exactly how to play it….
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Stocks traded lower to start the week as investors assessed an uptick in coronavirus cases and the pace of the economic recovery.
Shares of American Airlines Group Inc. (NASDAQ: AAL) were 6% lower after the company said it was seeing an additional $3.5 billion in new financing to improve the airlines liquidity as it grapples with travel restrictions caused by the coronavirus.
Apple Inc. (NASDAQ: AAPL) dropped over the weekend after the company announced plans to shut down stores in Florida, North Carolina, South Carolina, and Arizona upon rising levels of COVID-19 in these states. But after announcing it would ditch Intel Corp. (NASDAQ: INTC) to produce its own chips, the stock rallied 2.25% today and lead markets higher.
The S&P 500 finished the day 0.5% higher, the Dow 0.4% higher, and the Nasdaq 0.9% higher.
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Stocks are kicking into overdrive this week as the economy starts to reopen, with the Dow surging 3% higher in the last two days.
And one of the best ways to juice your returns from this latest rally is with penny stocks.
To help you find those winning returns, we're bringing you one of the best penny stocks to buy today that's cashing in on the economic reopening.
In fact, this company will be more essential than ever as employers shift to remote work plans.
That gives the stock a double catalyst since you can get a pop from the reopening and get a long-term rise as earnings grow thanks to work from home trends.
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This online pet retailer has been profiting under-the-radar, even while the rest of the market was free-falling.
Chris Johnson is expecting it to go for a discount before continuing it's bullish rally, and this trading strategy can help you take advantage of the V-shaped stock move.
And don't hesitate, after it releases Q1 earnings, this stock is likely to take off in a big way.
See the full details in this episode of Fast Profits with Money Morning.
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In order to help our Members navigate today's volatile markets, we started a brand-new live streaming service here at Money Morning.
Our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are going to be with you every day that the markets are open.
They'll show you exactly what they're looking at and even give you some of the best trades to implement live.
Here's a brief recap of what they covered on Thursday, April 2...
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The Dow Jones Industrial Average is down today as the odds of a Fed rate cut fall by 66%. But that's just one of many global economic worries.
News from the Federal Reserve, China and the Middle East all point to recession.
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The market is blazing forward. In fact, the S&P 500 is at a record high of over 3,000 points. Even the Dow Jones is absolutely sizzling. On July 11, the Dow closed at the highest it's ever been: 27,037. And the 2019 IPO market is a massive catalyst for this explosive growth. Investors are eating […]
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2019 is turning out to be a record year for companies seeking to go public.
Thus far, some $35 billion has been raised for newly trading companies.
But IPOs are burning some investors too.
Here’s how to avoid the risk and maximize profit on this record-breaking IPO market…
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The Dow Jones today will struggle to stay in the green after Broadcom (NASDAQ: AVGO) fell short of earnings expectations on Thursday, dragging down the whole chip sector.
Plus, the growing threat of war between the U.S. and Iran is weighing on investor optimism.
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