by Andrew Keene
Procter & Gamble Co., an old blue chip our great-grandparents might've owned, had strong earnings performance recently and contained beats across the board.
That's an impressive performance for any company – new or old – during this pandemic.
And that's exactly why Andrew thinks you should make this move…
by Andrew Keene
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I'd say, "It's hard to believe IBM is 109 years old," but the truth is "Big Blue" has been showing its age for a while now.
Believe it or not, International Business Machines Inc. is actually one of the longest-listed companies on the Dow Jones Industrials, listed from 1932 to 1939, and most recently in 1979. The way the Dow is shedding "legacy" companies these days, who knows how much longer IBM will be there.
It was a little before my time, but once, IBM was the bluest of the blue-chip stocks – in fact, it practically put the "blue" in "blue chip."
There's a lot going on in the company's trophy case. IBM employees have been awarded five Nobel Prizes, five National Medals of Science, and a huge array of prestigious awards.
IBM manufactured the most powerful, widely used computer system in the world for nearly two decades. The company's track record of innovation was unmatched… for a while.
Don't get me wrong: This company is still pulling off impressive technological feats. It's just that nowadays, a whole lot of other companies are, too. Once it was one of the most valuable companies in the country; now it's in 34th place on the Fortune 500.
Its stock is down from its 2013 all-time highs of $213, and not many analysts expect it to get back there anytime soon. Then again, it may not have to.
IBM still has one of the most popular, valuable brands in the word. Just close your eyes and think of "IBM," and I'd bet you can see its famous "eight bar" logo. And, like I said, it's still got more than a few tech aces up its sleeve.
And that is the key to IBM's latest move – why it made such a huge splash. And that's why I'm making a very, very rare buy recommendation today… Full Story
And that's why I'm making a very, very rare buy recommendation today...
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The Dow Jones is continuing its slow march back toward its record highs as it starts the day in positive territory again.
The S&P 500 is now nearly even with levels where it started on Jan. 1.
A fresh slate of earnings reports has investors eager to get in on the action, while vaccine optimism is helping sustain the market's momentum.
Today we'll show you the most important earnings reports coming today and what they'll mean for your money.
by David Zeiler
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High-yield dividend stocks typically carry some risk, but the devastating impact of the coronavirus on the economy has upset an otherwise sound strategy.
Many companies that were thriving before the crisis have trimmed or suspended their dividends – including such top names as Disney.
That means income investors are on the hunt for companies least likely to cut payouts as this crisis plays out.
And we've got five top picks to get you started...
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The Dow Jones is down another 400 points as oil markets continue their selloff from Monday's historic downturn.
Today will be another important day of earnings reports from Blue Chip companies like Coca-Cola (NYSE: KO), Netflix (NASDAQ: NFLX) and Chipotle (NYSE: CMG).
Here's all that's moving the Dow today...
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What happened to oil yesterday was the greatest collapse I've ever seen in any commodity, ever.
And barring some unforeseen apocalypse, we'll never see it again.
This just doesn't happen in the commodities market. Every once in a while in a stock, sure, you'll get a case of fraud or someone goes bankrupt. The stock will go to $0 over time.
In the commodities world, there's a bottom for prices. This doesn't happen. Until it did.
Oil futures traded at a negative price for the first time in history.
We had the perfect storm for an oil collapse.
Demand is down. No one is traveling, and global manufacturing has plummeted.
There's a price war. Saudi Arabia drove production way up, and Russia joined them. Now there's estimates of up to 30 million barrels a day of extra oil being produced. Even with a production cut, there will be 20 million barrels a day being produced with nowhere to go.
All that oil needs to be stored somewhere, and world is running out of places to put it.
Futures contracts are tied to physical delivery of a commodity. Everyone dumped them because they have nowhere to put that oil.
No one wants oil right now.
And that's why this oil story is so troubling – it's very much a demand story, not an oversupply story…
What to Do When No One Wants Oil
An oil trading firm in Singapore, Hin Leong, kicked off oil's trouble. Hin Leong buys and sells large super tankers filled with physical oil to distribute through Asia.
Sunday night, it told the world it had a non-disclosed $800 million loss from trading oil. To cover the loss, it had to liquidate oil futures – a fire sale. It had to sell… Full Story
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Today was one for the history books.
The spot oil price for May futures contracts closed at negative $37.63.
Essentially, that means you could get paid $37.63 to take physical possession of a barrel of oil. (More information from Shah on this below).
This unprecedented price move is sure to have short, medium, and long-term impacts on the global economy.
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It's safe to say we're on our way to 0% interest rates.
And possibly negative ones after that.
Should the global economies come together to prevent a massive outbreak, lower rates would likely fuel a quick rebound of the equity markets as investors pile back into equities and push us back to new records.
That's just how cheap money and asset prices have worked over the last decade.
However, even if this process is more prolonged, now is the best time for investors to start looking for stocks that can outperform in the long-term and offer terrific dividends in the process…
Today, we are digging into three dividend stocks to buy in the wake of the recent market pullback and Fed rate cuts.
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The Dow Jones Industrial Average will rally Wednesday as investors continue to monitor the latest round of earnings reports.
Read on to see who's due to report.
Plus: It's the start of the second day of the World Economic Forum in Davos, Switzerland.
More on how this will affect the Dow today as well...
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Today I'm giving you cryptocurrency insight from someone with a striking record of accurate predictions…
David Zeiler, a friend and colleague of mine here at Money Map Press, is recognized as one of the financial world's foremost experts on cryptocurrencies – which is why his work is widely followed at Money Morning, on Twitter, and even through his "Crypto Recap" video series.
Trust me when I tell you: I know firsthand that he's amassed his crypto expertise in the best way possible.
How so, you may ask? Through immersion.
You see, Dave was an early Bitcoin "miner" – back when it was still possible for an individual investor to be a go-it-alone cryptocurrency prospector.
And he's made some stunning calls along the way – like predicting Bitcoin's zoom to $19,000 in December 2017 and its 94% rally last year. Here's what he sees now…
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