SNAP

Snap Inc

Trading Strategies

Here's the All-Important Difference Between a "Cheap Stock" and an Undervalued One

Millions of investors are focused, very myopically, on short-term trading at the moment. That's perfectly understandable, but it's a huge mistake in a mid-term election year.

Why?

Because the single biggest risk facing investors today is not that the numbers driving our economy – earnings, jobs, interest rates – collapse, but rather that they're better than "everyone" expects.

Too much "short-termism" results in too many losses, especially at this time of year, when traders are looking to do two things: a) clean house on their portfolios, and b) get in line for big year-end bonuses.

To be sure, the business cycle is long in the tooth; so is the bull market rally. But nowhere is it written in stone that either of those things must come to an end.

What is written, however, are the things that tend to produce huge profits time and again for savvy investors - in any market, to boot...

Dow Jones

Your Tuesday Briefing: Dow Jones Today Rises Despite New Iranian Sanctions

The Dow Jones today jumped 86-points in premarket trading while the S&P 500 sat just points away from an all-time record.

The rise was in spite of the imposition of "snapback" sanctions on Iran Tuesday morning.

The new sanctions target Iran's ability to purchase foreign currency and commodities.

They also place an embargo on the American import of Iranian pistachios and Persian rugs.

IPOs

Why "Marquee" IPOs Are a Terrible Idea for Regular Investors

The $756 million Dropbox Inc. initial public offering was a huge success, soaring 35% higher than its $28.48 debut price on the day.

It was the biggest, richest tech IPO since Snap Inc. shares hit the market last year, and it has everyone "talking IPO" again.

What is it about a Silicon Valley IPO that makes investors go all starry-eyed?

I mean, I like unreasonably large piles of money as much as the next guy… but overhyped IPOs of the moment just aren't the way to make a pile yourself.

Big-game IPO investing, where it's even possible, is almost always a loser for anyone who isn't an underwriter, institution, or corporate insider.

In fact, it's much worse than that: If you do somehow manage to get allotted shares of the Next! Big! Deal! …

...you're probably about to be taken for a ride.

Dow Jones

Dow Jones Today Slides as Mueller Subpoenas Trump Organization Documents

The Dow Jones today traded lower in premarket trading after U.S. Special Counsel Robert Mueller subpoenaed documents concerning President Trump's business organizations.

These documents are the first requested directly from one of the President's business operations.

Markets are likely to exhibit volatility today as a large volume of stock index futures, stock index options, stock options and single stock futures expire today – a phenomenon known as quadruple witching.

Here's a closer look at today's most important market events and stocks, plus Friday's economic calendar.