Tim Melvin picks out the best REIT to buy right now.
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Simon Property Group
Why the WeWork SPAC Deal Is Still Not a Buy
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The IPO flubbed, and WeWork will now try to go public a different way.
What's changed? This company will be under a different kind of management, called a special purpose acquisition company.
Yes, they are jumping on the SPAC train.
A WeWork SPAC deal is especially interesting since the 2019 WeWork IPO became one of the biggest disappointments of the decade.
It was one of the largest real estate companies in the world, valued at $47 billion, before cutting its valuation to $10 billion and withdrawing its IPO bid.
Here's how the SPAC deal is going down, and whether or not WeWork stock is a buy.
REITs to Sell Before a Real Estate Bubble
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When the coronavirus began to shut the economy down in March, shares of real estate investment trusts (REITs) got hammered.
The shares of many REITs have since recovered, along with the broader stock market.
Many have called this buy-up a "real estate bubble." Truth be told, that's probably not the case right now.
But never hurts to be ready.
There are certainly a few REITs to sell now whether or not a real estate crash is in view.
Dow Jones Today Is Flat with Unemployment Filings Back in Focus
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The Dow Jones today could stay flat as investors monitor the ongoing impact of COVID-19 on the U.S.
economy.
Stocks poised to benefit from a reopening have slumped as concerns rise over an uptick in coronavirus cases across the country.
Investors are still waiting for politicians in Washington to find a compromise on a new round of stimulus.
Read on to see what else could move the Dow today.
Avoid These 2 Stocks in July
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Whatever the cause, the virus is spreading again across a considerable part of the United States.
Some experts think we could get to a disastrous 100,000 cases a day before this peak.
We don't know how this plays out, but we do know there are some stocks you should probably avoid until we see signs of a reversal.
The lows in March and April this year served as an incredible buying opportunity since stocks have rallied 40% higher since then.
But don't let the low share prices of these firms fool you.
Markets Live Recap: Why Stocks Rallied to End the Week
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The Dow jumped 260 points (1.1%) to close the week as oil extended its rebound from the negative $40 levels it touched Tuesday.
The June 2020 crude oil contracts are now trading for about $17, which is $53 higher than the -$40 number posted earlier in the week.
Despite the rebound, it's still down about 43% over the past two weeks.
Investors also weighed the possibility of Gilead Science Inc.'s (NASDAQ: GILD) new drug Remdesivir treating coronavirus patients.
It's to be seen whether it will be effective for the mass population or not…
Here's what our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – saw as we closed out another volatile week on Wall Street.
Dow Jones Industrial Average Is Flat as Coronavirus Death Toll Passes 900
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The Dow Jones Industrial Average will shrink back today after reports that 23 Americans have contracted coronavirus while aboard a cruise ship quarantined in Japan.
Some of These "Dead" Shopping Malls Could Pay You Piles of Cash for Years to Come
The American shopping mall is dead, right?
I mean, ask anybody: Amazon.com Inc. and Wal-Mart Stores Inc. beat the mall to death, and there is no coming back.
No one goes to the mall, and they never will again, and all the real estate investment trusts (REITs) that own malls and shopping centers are going to zero.
Zilch. Nada. Goose egg. Worthless.
At first, this, the conventional wisdom, makes a lot of sense – to me and every other investor.
After all, no one in my house went anywhere near a mall this holiday season. What shopping we did, we did online.
Why go to the mall and put up with all that traffic and the crowds?
Well, as it happens, while everyone has been declaring the mall dead and listing all the ways they'll never set foot in another one, a very specific kind of mall has been reinventing itself – and successfully, to boot.
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