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Stocks

One Renewable Energy Stock Is About to "Leapfrog" the Whole Industry

There's an incredible omen for renewable energy stocks heading into 2021, setting it up to be a landmark year for the sector.

The International Energy Agency (IEA) said the per-watt cost of solar electricity finally fell below fossil fuels last year.

Renewables are the future.

But investors don't have to wait to find profits.

A select group of renewable energy stocks could explode much higher and much faster than the rest of the industry.

Analysts call it a "leapfrog" over existing energy models.

That could send one renewable energy stock near doubling over the next year.

Trading Strategies

Brace for More Fear and Panic on Wall Street as Markets Tumble

Monday's stock market declines weren't unexpected, though the extent of losses was shocking.

Investors had been selling stocks for the previous two weeks on coronavirus fears, starting immediately after U.S. benchmark indexes made record highs on Feb. 12, 2020.

A "dead cat bounce" last week didn't fool seasoned traders, who saw huge inflows into U.S. Treasuries last week as a warning sign there was more equity selling to come.

As COVID-19 hotspots cropped up across the globe and infections rose along with fatalities in U.S. cities and states over the weekend, right on cue, sell orders flooded brokerages before markets even opened Monday morning.

So many sell orders in fact, markets couldn't open. Instantaneous and extraordinary selling knocked stocks "down limit," or 7%, at the open, triggering a "circuit breaker" halt to trading for 15 minutes.

After 15 minutes, exchanges let stocks trade again, and they fell another 1% before buyers, probably computer-driven algorithms, started buying beaten-down names like Microsoft and Amazon.

But buying volume was thin all day, and sellers more often overwhelmed attempts to lift stocks higher.

Stocks closed 144 points off their session lows of 2,158, ending down 2,013.76 points to 23,851.02. That's a 7.79% drop in one day and a 19.3% drop since Feb. 12.

Most evident in yesterday's carnage were the market's worst enemies: fear and panic. That tells me something about what I'm watching today… Full Story

Most evident in yesterday's carnage were the market's worst enemies: fear and panic. That tells me something about what I'm watching today...

Dow Jones

The Dow Jones Today Will Jump as Fed Plans Rate Cut

The Dow Jones today is up as investors continue to cheer an expected rate cut later this month by the Federal Reserve.

Fed Chair Jerome Powell will testify today before the Senate Banking Committee, a day after speaking with the House Financial Services Committee.

Powell said the Fed is likely to more actively support economic growth due to the recent stalling in business investments across the country.

Read more here...