Wealthpress

---

• 3 Low-Risk Pullback Stocks to Check Out Today
• Health Insurance Marketplace Stock Could Be the Next GameStop
• Stock Market Recap: Wednesday, Jan. 27, 2021
• How Global Stocks Can Increase Your Profits
• How to Profit From the GameStop Short-Selling Craze

3 Low-Risk Pullback Stocks to Check Out Today Posted: 28 Jan 2021 07:00 AM PST Global stock markets are lower this morning following Wall Street's steep sell-off on Wednesday, which was triggered by the lingering economic damage caused by the COVID-19 pandemic.  It's clear that COVID-19 vaccines haven't been distributed in parts of Asia as fast as other western countries because a third wave of the virus in Japan is taking more lives at a faster rate. That means we could start to have issues with international trade.  I'm not happy about what I'm seeing… In today's video, I'll show you which major index is breaking down… what happens when the stock market enters the twilight zone… which report could drive price action… where to find opportunities in today's market… and three pullback stocks you might want to look at.    P.S. You're not going to want to miss this one… I just pulled back the curtain on my algorithmic trading strategy that leaves traditional stock picking in the dust.  I call it "STORM," and its technology mimics the billion-dollar algorithms Wall Street uses to send stocks skyrocketing in a matter of hours… or plummeting to their death.  But the best part?  I'm able to do it with just a few lines of code.  Just click here to see exactly how it works.  The post 3 Low-Risk Pullback Stocks to Check Out Today appeared first on Wealthpress.

Health Insurance Marketplace Stock Could Be the Next GameStop Posted: 28 Jan 2021 05:31 AM PST If you've been following the news at all this week, then you've likely seen the meteoric rise in the GameStop's share price in a short squeeze.  And when it comes to the next GameStop, there are plenty more stocks out there if you spend some time looking. Watching one stock run up hundreds of percentage points in a day is rare, but the opportunity for a short squeeze is always there if you have a handful of important ingredients.  I mentioned one such stock in an inauguration play video I did recently. And it could be the next GameStop in terms of its share price rocketing upward in a short squeeze.  I've never recommended shares of GameStop Corp. (NYSE: GME), but I've always thought there was more value in it than short sellers gave it credit for. And for a variety of reasons we've covered in-depth here at WealthPress, a lot of people have piled into it, forcing a massive short squeeze.  And the question many people are asking now is, what's the next GameStop?  The Next GameStop Stock Could Be My Recent Pick WealthPress’ Jeff Yastine I picked this stock back around the election in early November, long before the GameStop mania. And at the time I thought the shares would do well under both a Trump or Biden administration.  This company offers a profitable software platform that allows insurance companies to sell their policies. People visiting the site can browse among them and comparison shop. Since the election, the stock had gone mostly sideways. And suddenly, the day before the inauguration, it exploded! But what makes this company potentially the next GameStop stock?  Last year, a famous and respected short seller and research firm called Muddy Waters recommended shorting this company. The shares then dropped 45% after the short report before recovering to the current price level.  But to this day, the company remains a favorite for short sellers, and it could be the next GameStop stock. Check out my short video and let's dive into this potential short squeeze home run. Did you get in on the GameStop mania this week, or are you shorting any stocks right now? Share your thoughts and comments below.  And as always, send your investing questions to jeff@yastine.com. Be sure to subscribe to my new YouTube channel. You can also follow me on  Twitter and Facebook. P.S. Create a Kingdom With Your 2021 Profits Just in case you haven't noticed yet, the markets can be heavily influenced by the richest people in the world. They can pour millions of dollars into seemingly random stocks and send the share prices to the moon. Take Peloton for example… A lot of people wanted nothing to do with this stock when it dropped to $18… But then George Soros came flying in and bought 2.7 million shares of Peloton and it shot to almost $140 per share! These billionaire Kingmakers can completely change the outlook of a stock… And those that manage to get in these stocks before the billionaires drive the price up could cash in BIG. Luckily, trading genius Adam Sarhan seems to have figured out how to make that happen. Get the Details Here The post Health Insurance Marketplace Stock Could Be the Next GameStop appeared first on Wealthpress.

Stock Market Recap: Wednesday, Jan. 27, 2021 Posted: 27 Jan 2021 01:50 PM PST Wall Street traded substantially lower as investors digested a mixed bag of corporate earnings and awaited the Federal Open Market Committee's (FOMC) latest monetary policy decision — and more in Wednesday's stock market recap.   The major indexes recovered some of their losses as the FOMC stated interest rates will remain unchanged as the recovery speed in economic activity and employment has moderated in recent months. However, losses accelerated into the closing bell as the major indexes suffered their biggest losses in three months. Stock Market Recap The Nasdaq fell 2.6% with the afternoon low reaching 13,192. The S&P 500 also dropped 2.6% following the second-half pullback to 3,732. The Dow plummeted 2.1% with the late-day low tagging 30,206. The Russell 2000 stumbled 1.9% after trading to a morning low of 2,088. Communication Services and Consumer Discretionary were the weakest sectors after tumbling 3.2% and 3.1%, respectively. There was no sector strength. Stock Market Movers Shares of GameStop Corp. (NYSE: GME) skyrocketed 135% as the frenzy continues to drive the stock up on a massive short squeeze. The stock has become a favorite of online traders who target companies highlighted on social media sites like the Reddit forum WallStreetBets. The battle between retail traders and Wall Street hedge funds made major headlines throughout the week with huge winners and losers on both sides. Stock Market Outlook  Tesla Inc. (Nasdaq: TSLA) will announce quarterly results after the close with Wall Street mainly focused on the company's growth outlook for 2021. The company is expected to report a profit of $1.01 a share on revenue of $10.32 billion. The high estimate is at $1.43 a share with the low forecast at 61 cents a share and would equate to a 42-cent beat or a 50-cent miss. The company beat forecasts in the past four quarters by 18, 48, 29 and seven cents a share. There are 22 analysts that cover the stock with four Strong Buy ratings, four Buys, eight Hold and six Underperform recommendations. Earlier this month, Tesla said it delivered 180,570 electric vehicles in the fourth quarter and produced 179,757 vehicles total. The company also said it delivered 499,550 vehicles in 2020 versus its recent guidance of 500,000 vehicles, and produced 509,737 total. Global Economy From the global stock market recap, European markets closed lower across the board. The Belgium20 sank 2.1% and Germany’s DAX 30 tanked 1.8%. The UK's FTSE 100 gave back 1.3% while France's CAC 40 and the Stoxx 600 fell 1.2%.  Asian markets were mixed. South Korea's Kospi declined 0.7% and Australia's S&P/ASX 200 was down 0.6%. Hong Kong’s Hang Seng was lower by 0.3%. Japan's Nikkei added 0.3% and China’s Shanghai edged up 0.1%.  U.S. Economy MBA Mortgage Applications dropped -4.1% last week following the -1.9% slide in the prior week. The 12-month pace of applications slowed slightly to 56.8% year-over-year versus 59.1% previously. The refi component fell -5% after the prior -4.7% decline, with the index dipping to a 83.4% year-over-year clip versus 86.7% previously. The purchase index was down -4% after posting gains in the prior two weeks. The 12-month rate edged up to 16% year-over-year versus 14.7% previously. The 30-year mortgage rate inched up to 2.95% while the 5-year ARM dipped to 2.60% from 2.76% previously. Durable Goods Orders rose 0.2% in December, with November orders readjusted to a 1.2% gain from 1%). Most of the misses were in transportation orders, which declined -1% after rising 1.9% previously. Excluding transportation, orders were up 0.7% versus the prior 0.8% gain. Defense orders dropped -5.3%. Nondefense capital goods orders — excluding aircrafts — increased 0.6% following an upwardly revised 1% increase. Shipments jumped 1.4% versus the prior 0.4% increase. Nondefense capital goods shipments were up 0.5%, the same as November. Inventories dipped -0.2% following the prior 0.9% surge. The inventory-sales ratio slid to 1.68 from 1.7. Stock Market Sentiment The iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) was up for the third time in four sessions after testing an intraday high of $154.50. Fresh and lower resistance from early November at $154.50-$155 was tapped but held. A close above the latter would signal ongoing strength towards $156-$156.50. New support is at $153.50-$153 followed by $152-$151.50. Volatility Index The iPath S&P Vix Short-Term Futures (NYSEArca: VIX) was up for the third time in four sessions after closing on the session high of 37.21. Prior and lower resistance from late October at 37-37.50 was breached and failed to hold. New support is 36-35.50 followed by 34.50-34. Stock Market Analysis The Wilshire 5000 Composite Index (NYSE: WLSH) was down for the second straight session following the morning tumble to 39,605. Prior and upper support at 39,750-39,500 was breached but held. A move below the latter would indicate continued weakness towards 39,250-39,000. Lowered resistance is at 40,250-40,500 followed by 40,750-41,000 with Tuesday's all-time peak at 41,097. RSI (relative strength index) is in a downtrend with key support at 50 failing to hold. Continued closes below the latter would indicate additional weakness towards 45-40 and levels from early November. Resistance is at 55-60. Sector The Communication Services Select Sector SPDR (NYSE: XLC) had its seven-session losing streak snapped following the intraday pullback to $67.44. Fresh and upper support is at $67.50-$67 was tripped but held. A close above the latter would suggest further weakness towards $66.50-$66 and the 50-day moving average. Resistance is at $69-$69.50 with Tuesday's record peak at $70.30. RSI is back in a downtrend with upper support at 55-50 failing to hold. A drop below the latter would indicate additional weakness towards 45-40 and levels from earlier this month. Resistance is at 60. Check back after the closing bell for the most important news and numbers in the WealthPress stock market recap.  The post Stock Market Recap: Wednesday, Jan. 27, 2021 appeared first on Wealthpress.

How Global Stocks Can Increase Your Profits Posted: 27 Jan 2021 12:51 PM PST Finding the best trading strategy to help increase your profits is crucial.  That's why I want to walk you through how you can use global stocks to not only increase your profits, but lower your risk. I've also handpicked two stocks for you that thrive when global economies move.  This is a standard procedure that most hedge fund managers use, and it could help you capture outsized gains… even when uncertainty hits Wall Street.  The best part is you can buy or sell these stocks on U.S. exchanges. That means there's no need to open a foreign trading account to potentially increase your profits.  How to Use Global Stock to Increase Your Profits The U.S. stock market is starting to show short-term, overbought conditions, much like it did in late February 2020.  We're seeing signs of narrowing momentum because on Dec. 31, 88 stocks on the Nasdaq 100 were trading above their 50-day moving averages.  Now that number is down to 70…  However, the index is moving higher. In fact, it hit an all-time high on Monday, which is a negative sign that less stocks are pushing ahead while prices continue to increase.  The markets are also fragmented, meaning they lack major players with enough influence to dominate and move the industry in a particular direction. The 11 major sectors in the S&P 500 (like Technology and Consumer Discretionary) no longer remain at the top. Financial, utility and energy stocks that never traded above last year's highs are now taking over.  And the number of stocks in the S&P 500 trading above their 200-day moving averages is now at an 11-year high, something we can't ignore.  While I'm not anticipating a bear market anytime soon, I do expect a mild correction that will bring the market back to neutral levels, allowing stocks to begin trading higher again.  One of the best ways to increase your profits while we wait for that to happen is by trading stocks that are driven by global markets.  Check out my video below and I'll explain how the two stocks I'm giving away could help you increase your profits until the market has a chance to cool off.  And if you haven't already, subscribe to my YouTube channel and give this video a thumbs up.    P.S. Last year, 10-time trading champion Chuck Hughes took a $4,600 starter account and turned it into $67,268.  This same strategy gave Chuck's readers the chance to go two decades without posting a single down year.  It was clear to us that Chuck had managed to crack the stock market code — and we wanted to learn his secret. So I sat down with him for an exclusive interview and asked him to reveal his winning strategy… And luckily, we got that conversation on tape.  Click here to watch our conversation and discover Chuck's wealth-building secret. The post How Global Stocks Can Increase Your Profits appeared first on Wealthpress.

How to Profit From the GameStop Short-Selling Craze Posted: 27 Jan 2021 11:20 AM PST GameStop has been all the rage this week…  I even sent you a short video Tuesday explaining the stock's short squeeze, what short interest is and how you can use it to spot opportunities like this before they happen.  You guys absolutely loved that video!  Since the feedback has been so positive, I thought I'd take it one step further and show you two alternative ways you can short GameStop for big profits (and other stocks just like it) .  The Best Way to Short GameStop for Big Profits  One of the five stocks I said could see a GameStop-like moon shot in yesterday's video was AMC.  AMC Entertainment Holdings Inc. (NYSE: AMC) is the largest movie theater chain in the world and had a 68% short open interest when I mentioned it Tuesday. In fact, it looked almost identical to what we've seen with GameStop Corp. (NYSE: GME), which was up 133% as I filmed this video.  But it's likely that movie theaters will go belly up just like GameStop will in the next several years.  I mean let's be real. We're not going to make any money in movie theatres or stores that sell used video games. And if either one of these things is able to reinvent themselves, it's going to take years to do so.  In other words, it's not smart to chase these stocks.  I think it's best to sell both of them short, which is why I'm giving away two alternative strategies you can use to short GameStop for big profits.  And here's a hint: The best thing you can do is buy a put option.  Check out the short video to learn two alternative ways you can short GameStop for big profits, and then be sure to share your thoughts in the comment section below.  And if you haven't done so already, subscribe to my YouTube channel and don't forget to give this video a thumbs up.  The post How to Profit From the GameStop Short-Selling Craze appeared first on Wealthpress.

You are subscribed to email updates from Wealthpress. To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States