Wealthpress |
- How Democratic-led Senate Will Help Cannabis Stocks
- NIO: Is Now the Time to Buy?
- Why Battered Cruise Line Stocks Could Tank Another 30%
- Global Stocks Advance as Investors Watch for Stimulus Plan
- Stock Market Recap: Monday, Jan. 11, 2021
- 2 Digital Music Stocks I’m Watching in 2021
- Play It Safe: A Defensive Trading Strategy for 2021
- 4 Stocks You’ll Want to Sell in 2021
- Profit From Tesla January Call Options
| How Democratic-led Senate Will Help Cannabis Stocks Posted: 12 Jan 2021 09:40 AM PST Democrats have taken control of the U.S. Senate. This opens up a significant opportunity for significant political change. Could this be the start of full federal legality for marijuana and another boom in cannabis stocks? Several U.S. states decriminalized and legalized cannabis in the November elections, and with the Democrat win in Georgia, the party could pass more progressive cannabis legislation. The Biden campaign and several democratic leaders have shown support for cannabis decriminalization. So, now is the time for party leaders to deliver on their promises for cannabis policy reforms. Watch the full interview to see where we think the cannabis industry is heading and how best position your cannabis investments. The post How Democratic-led Senate Will Help Cannabis Stocks appeared first on Wealthpress.  |
| Posted: 12 Jan 2021 09:36 AM PST The next generation of electric vehicles (EV) has arrived and, this time, Tesla (Nasdaq: TSLA) wasn't the one leading the way… This time, it was Nio Inc – ADR (NYSE: NIO). Working together with NVIDIA Corporation (Nasdaq: NVDA) and QUALCOMM Inc. (Nasdaq: QCOM), Nio flipped the EV market on its head when the company released its newest self-driving electric car. A car that could rival Tesla's Model 3… With EV stocks continuing their journey to the top of the stock market, investors are asking themselves if NIO is a buy now, or if they're looking at the new Nikola Corporation (Nasdaq: NKLA). Is NIO a Buy Now?Over the weekend, NIO partnered up with Nvidia and Qualcomm to develop a new generation of electric vehicles: Its first luxury sedan with self-driving features and a battery life to challenge Tesla. The video NIO released showed a car driving itself to Silicon Valley. That's right traders, you read that correctly. There was no physical driver turning the steering wheel or pushing down on the pedal. As a result, NIO stock gapped up 10% (from $58 to $65) within minutes of trading on Monday morning. So, is NIO a buy now and will NIO's share price hit $100 by the end of 2021? We like to think so. I Or, we did, until something occurred to us: If we're thinking this, so are hundreds of other traders… so we're probably going to witness a pullback soon. Maybe $40 or $50 a share depending on the overall market. And the reason why we think this all has to do with Tesla. Is NIO a buy? Just last week, we saw Tesla's stock price soar as Elon Musk became the richest man in the world — even surpassing Amazon.com's Jeff Bezos . Every trader and their mama assumed that Tesla would hit $1,000 by the January 2021 expiration date, which will be at the end of this week. But you know what they say about assuming. And what do you think happened Monday morning? TSLA stock pulled back more than $50 to $808. Since the stock market likes to rhyme with history, we have a solid idea for how things will play out with NIO over the rest of the year. Make sure to watch the video below to answer the question "Is NIO a buy?" and see where the stock could be by the end of 2021. The post NIO: Is Now the Time to Buy? appeared first on Wealthpress.  |
| Why Battered Cruise Line Stocks Could Tank Another 30% Posted: 12 Jan 2021 08:11 AM PST It's no secret that cruise line stock prices were one of the equities hurt most by the coronavirus pandemic. They're among the most-held stocks by largely millennial investors on trading app Robinhood. In fact, six of the top 32 most-held stocks on the platform are travel stocks — airlines and cruise lines — with Carnival Corp. (NYSE: CCL), Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) and Royal Caribbean Group (NYSE: RCL) all cracking the top 30. I was bullish on cruise lines from August until late November, when I said it was time to sell both cruise and airlines. The big reason was because I felt they were due for a pullback coming off a big bounce that week. Since peaking on Dec. 3, Carnival has indeed pulled back about 15%. And cruise lines stock prices could fall another 30% in the coming months… Why Cruise Line Stock Prices Will Resume Freefall WealthPress’ Jeff Yastine I don't expect a huge plunge or anything. But I also don't expect them to get any of their mojo back and move higher any time soon. The biggest issue cruise line investors need to be aware of is a total lack of catalysts to push the stocks upward. Carnival gave a recent update to Wall Street analysts, as public companies often do. Carnival said it can't predict when its fleet will return to normal operations. But the key part of the announcement was its cash burn, which was $500 million a month in the fourth quarter of 2020. Carnival finished this past year with $9.5 billion in cash and capital. So basically they have this big pile of cash, but their ships are mothballed and out of use. The hope is Carnival has enough money to last until it's able to get its ships up and running — with paying customers on them. The numbers may be different, but this goes for all cruise lines. The good news for investors is cruise line stock prices should be super cheap and a buying opportunity once there's a light at the end of the tunnel. Check out my short video on tanking cruise line stock prices and let's dive into what's ahead. Then share your thoughts in the comments below. And as always, send your investing questions to jeff@yastine.com. Also be sure to subscribe to my new YouTube channel. You can also follow me on Twitter and Facebook. P.S. Here's How to Get Ahead of Wall Street Listen up. There's a BIG opportunity coming to the stock market that you're going to want to cash in on. The last time market expert Adam Sarhan told you about a company like this, its share price rocketed from $14 to $29 in just two weeks. That's more than a 100% gain! Now a new stock has just jumped on his radar — and it's showing the same clear signs of major strength. In fact, shares could pop higher in as little as a few weeks. And there's no telling when, or if, this stock will ever trade at such a discounted price again. You Can't Afford to Miss This Trade! The post Why Battered Cruise Line Stocks Could Tank Another 30% appeared first on Wealthpress.  |
| Global Stocks Advance as Investors Watch for Stimulus Plan Posted: 12 Jan 2021 07:10 AM PST Global stock markets and U.S. futures are mostly higher this morning as investors and traders watch for specifics on President-elect Joe Biden's massive economic stimulus plan, which will likely be proposed once he takes office next week. It seems like U.S. markets are looking past last week's attack on the Capitol building in Washington; they're certainly priced that way. Currently, nearly 90% of the stocks in the S&P 500 are trading above their 200-day moving average.. However, that's also a sign we're due for a little cool off. This is something you should be paying attention to… In today's video, I'll show you the biggest factor driving the stock market at the moment… the strongest sector waiting to breakout to multi-year highs… and three hot stocks that are making strong momentum moves.
P.S. Listen up. There's a BIG opportunity coming to the stock market — and you're going to want to cash in on it. The last time market expert Adam Sarhan told you about a company like this, its share price rocketed from $14 to $29 in just two weeks. That's more than a 100% return! Now a new stock has just jumped on his radar — and it's showing the same clear signs of major strength. In fact, shares could pop higher in as little as a few weeks. And there's no telling when, or if, this stock will ever trade at such a discounted price again. Click here now to learn more about this incredible opportunity. The post Global Stocks Advance as Investors Watch for Stimulus Plan appeared first on Wealthpress.  |
| Stock Market Recap: Monday, Jan. 11, 2021 Posted: 11 Jan 2021 01:50 PM PST Wall Street pulled back from last week's strong rally as traders locked in gains, with prospects of President Donald Trump's impeachment trial stoking fears of a delay in further pandemic relief — and more in Monday's stock market recap. House Speaker Nancy Pelosi is looking to impeach Trump again if Vice President Mike Pence doesn’t attempt to remove him. Key members of the House Judiciary Committee introduced a single article of impeachment that has already gathered at least 218 cosponsors, meeting the majority needed in the House. Stock Market RecapThe Nasdaq lost 1.3% after trading to an opening low of 12,999.  The S&P 500 declined 0.7% with the morning low tapping 3,789.  The Dow dipped 0.3% following the fade to 30,832 shortly after the opening bell.  The Russell 2000 was down 0.03%, with the first-half low kissing 2,061.  Energy led sector strength after jumping 1.6% while Healthcare and Financials added 0.5% and 0.3%, respectively. Consumer Discretionary and Communication Services stumbled 1.9% and 1.8% to pace sector laggards. Stock Market MoversShares of Bit Digital Inc. (Nasdaq: BTBT) plummeted 25% amid a decline in Bitcoin prices and a research firm highlighting the stock as a potential short idea.  Stock Market OutlookThe AAII Sentiment Survey revealed bullish sentiment closed at 71.6% last week. Optimism has remained above its historical average of 38% for the ninth straight week. Neutral sentiment was at 10.6% and below its historical average of 31.5%. Bearish sentiment was seen at 17.8%. Pessimism remained below its historical average of 30.5% for the ninth consecutive week, as. Global EconomyIn the global stock market recap, European markets closed lower across the board as surging coronavirus cases weighed on sentiment. The Belgium20 dropped 1.4% and the UK's FTSE 100 tumbled 1.1%. France's CAC 40 and Germany’s DAX 30 gave back 0.8% while the Stoxx 600 was off 0.7%. Asian markets settled mostly lower with Japan's Nikkei closed for a holiday. China’s Shanghai sank 1.1% and Australia's S&P/ASX 200 fell 0.9%. South Korea's Kospi slipped 0.1%. Hong Kong’s Hang Seng edged up 0.1%. China inflation numbers showed a higher-than-expected pick up of 0.2% year-over-year in December, after a drop of -0.5% in the previous month. U.S. EconomyNo major announcements Stock Market SentimentThe iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) extended its losing streak to six sessions with the morning low tapping $150.49. Longer-term and upper support from late March at $150.50-$150 was breached but held. A move below the latter would indicate additional downside risk towards $149-$148.50. Lowered resistance is at $151.50-$152.  Volatility IndexThe iPath S&P Vix Short-Term Futures (NYSEArca: VIX) snapped a four-session slide after trading to a late-day peak of 24.81. Current and lower resistance at 24.50-25 and the 50-day moving average were breached but levels that held. A move above the latter would indicate a retest towards 25.50-26. Fresh support is at 23.50-23 followed by 22-21.50.  Stock Market AnalysisThe SPDR Small-Cap 600 ETF (NYSE: SLY) rebounded following the first-half push to $84.94. Near-term and lower resistance at $85-$85.50 was challenged but held. A close above the latter and last Friday's all-time high at $85.89 would signal additional momentum towards the $86.50-$87 area. Near-term and upper support is at $83.50-$83 followed by $82-$81.50. RSI (relative strength indicator) has flatlined with key resistance at 75 holding. A close above 75 would indicate additional strength towards 80-85 and overbought levels from September 2017. Support is at 70-65.  SectorThe Real Estate Select Sector SPDR Fund (NYSE: XLRE) fell for the first time in three sessions after tagging an afternoon low of $34.96. Key support at $35 was breached but held. A close below this level would suggest additional weakness towards $34.75-$34.50 and the 200-day moving average. Resistance at $35.50-$35.75. RSI is back in a downtrend after failing to hold upper support at 45-40. A move below the latter would suggest weakness towards 35 and the late October low. Resistance is at 50.  Check back after the closing bell for the most important news and numbers in the WealthPress stock market recap. The post Stock Market Recap: Monday, Jan. 11, 2021 appeared first on Wealthpress.  |
| 2 Digital Music Stocks I’m Watching in 2021 Posted: 11 Jan 2021 01:09 PM PST I'm sure everyone will agree with the fact that 2020 was the year of streaming videos… I mean just look at names like Netflix Inc (Nasdaq: NFLX) and Roku Inc (Nasdaq: ROKU). These stocks were up 50% and 138%, respectively during the past year thanks to the COVID-19 pandemic. Isolated from social norms, people around the world have spent record time entertaining themselves with dozens of video streaming channels. While I do believe streaming videos will continue to increase, the sector is becoming a bit crowded. That's why I have my eye on another related sector that follows a similar growth trajectory, but doesn't have nearly the competition that video streaming services do. I'm talking about digital music stocks… The Digital Music Stocks You'll Want to Pay Attention to in 2021One of the best things about digital music stocks is the fact that they can easily adapt to major changes in technology. Over the past three decades, we've gone from listening to music on cassettes to disks to mp3 players to smartphones and finally streaming services. As you can clearly tell, people aren't going to stop listening to music anytime soon. That's why I've prepared a short list of digital music stocks that I think are worth taking a look at. Both of these tickers are already on the move, and I think we'll see even further growth into 2021. The first digital music stock I want to tell you about is following in the footsteps of Netflix. The company has realized that the key to true success (and explosive growth) is original, exclusive content. No longer is the company focused on having the biggest music library. That's simply not where the money is. The "big bucks" are in original contracts with stars like Joe Rogan and Kim Kardashian, who both have deals with this streaming giant. If you'd like to reveal the ticker of this digital music stock and the next one on my list, then tune into today's video and be sure to leave a comment with your thoughts in the section below. Also, don't forget to subscribe to my YouTube channel and like the video. P.S. The stock market can be unpredictable… especially given today's social and political climate. That's why you need a trading strategy that will net you consistent returns year after year — no matter what life throws your way. That's where Trophy Trades can help. This stress-free trading strategy allows you to capture more gains when a stock rallies without leaving large profits on the table. And it works even in the most turbulent of markets. You can click on this link to see for yourself. The post 2 Digital Music Stocks I'm Watching in 2021 appeared first on Wealthpress.  |
| Play It Safe: A Defensive Trading Strategy for 2021 Posted: 11 Jan 2021 12:56 PM PST 2020's chaos is spilling over into 2021 and we're playing a wait-and-see game with a lot of factors. A big concern is that we'll finally see the market correction we've been talking about for so long, which means it's important to have a defensive trading strategy. Obviously, the 800-pound gorilla in the room is politics, but we're going in a different direction today. With earnings season here, the name of the game is the same as it was in 2020 — volatility. In addition to that volatility is the indication of a stock market pullback. Twitter Inc. (NYSE: TWTR) and Facebook Inc. (Nasdaq: FB) are both down… The "big boy" tech stocks — excluding semiconductors — are under a lot of regulatory scrutiny and facing long-term risk. The stock market follows stocks, and when the stocks that bring it up start to crack… Be prepared. This Shouldn't Be in Your Defensive Trading StrategyOne of the hot-button issues in the trading world is Bitcoin USD (BTC-USD). Over the past 24 hours, Bitcoin and other cryptocurrencies took a nosedive after surging last week. The U.K.'s Financial Conduct Authority (FCA), its largest financial regulator, issued a warning. The FCA said that it "is aware that some firms are offering investments in cryptoassets […] if consumers invest in these types of products, they should be prepared to lose all their money." Is that a safe place to store your wealth? Now, after sitting down with trading experts Roger Scott, James West, Adam Sarhan and Jeff Yastine, we all seem to be bullish on cryptos. But that doesn't mean they're a smart defensive trading strategy. So what do you do? We've seen the stock market pullback coming for a while, and we have ideas for you. Join us at our Monday-morning roundtable as we talk gold, bitcoin and give you our thoughts on a good defensive trading strategy in case of a correction. Feel free to email me your trading questions at jeff@joyofthetrade.com and be sure to subscribe to my YouTube channel. P.S. It's no secret that Main Street investors are fighting an uphill battle against Wall Street's automatic trading machines. These supercomputers can execute thousands of trades in a matter of seconds… triggering massive stock runs before you even have time to blink. But that unfair advantage ends here and now. Now YOU have an opportunity to make the same lightning-fast profits as the pros on Wall Street, thanks to a newly developed trading technology called Storm. With Storm, you'll discover which stocks to get in on and precisely when to get out of them — completely automated. Click here to learn more about this opportunity. The post Play It Safe: A Defensive Trading Strategy for 2021 appeared first on Wealthpress.  |
| 4 Stocks You’ll Want to Sell in 2021 Posted: 11 Jan 2021 12:45 PM PST Do you guys remember when all the stay-at-home stocks were really sailing while most other stocks just sank? Well, remember this… The stock market assimilates or prices things in ahead of time. And right now (I'm going to keep my fingers crossed and hope I don't jinx us), it seems like the market is starting to discount the COVID-19 pandemic and look ahead to things getting back to normal. Wow, I can't believe I just said that word. The truth is, markets like to assimilate ahead of time, especially things that are known. That's why I'm alerting you to four stocks you'll want to sell right now… before the floor falls out. These aren't just regular stocks. They're some of the best and biggest gainers during the initial stay-at-home environment. So without further ado, let's start with the first stock you'll want to sell right now… The 4 Stocks You'll Want to Sell Right NowI'm willing to bet most of you have already heard of the first stock you'll want to sell since it's one of the leading cereal manufacturers in the world. It's Kelloggs! Cereal is one of those products people bought during the first initial COVID-19 lockdowns because cereal is a great comfort food, and most important, it's yummy. It's also a food that doesn't require a lot of maintenance and you can stock up on it because, from what I've heard, it can last for years if done properly. Don't quote me on that, however. Regardless of its maximum potential shelf life, it's a favorite lockdown food. Cereal is also pretty cheap, and when the demand for toilet paper was surging, so was demand for cereal. So why is Kellogg Company (NYSE: K) suddenly a stock you'll want to sell, short or avoid completely? If you take a close look at the chart I'll show you in the video below, you'll see that the stock peaked out in the summer of 2020. However, the stock market and most of the stocks in it are still making brand-new highs. Although there are still some fears that we may experience another national lockdown, it seems like the initial panic level is just not there. In other words, the best is behind Kelloggs, not ahead of it. But that's not the only stock on my chopping block… Check out the video below to reveal the next three stocks you'll want to sell right now. And as always, be sure to leave a comment with your thoughts in the section below. Also, don't forget to give this video a thumbs up and subscribe to my brand-new Youtube channel if you haven't already.
P.S. If you're tired of staring at stock charts all day just to pick through Wall Street's crumbs, then you've come to the right place. Forbes contributor Adam Sarhan is finally ready to reveal how you can target today's most explosive stock market opportunities ahead of Wall Street's elite. And you won't have to make risky market bets or get special brokerage permission to do it. Simply click on this link to start learning about Adam's little-known "Alpha Trades" and how they can transform your investment account. The post 4 Stocks You'll Want to Sell in 2021 appeared first on Wealthpress.  |
| Profit From Tesla January Call Options Posted: 11 Jan 2021 12:35 PM PST Elon Musk just became the richest man in the world, with a whopping net worth of more than $185 billion. On Jan. 7, Tesla (Nasdaq: TSLA) closed at $816 — a gain of more than 7% from the day's open. With this move, Musk dethroned Jeff Bezos as the wealthiest person in the world, jumping both Warren Buffett and Bill Gates on his way to the top. Along with the Democratic party taking control of the White House and Senate after Georgia's runoff election on Jan. 6, electric vehicle (EV) and clean energy stocks are benefiting from the green money that's pooling toward them. And right now, it's looking like investors are swarming Tesla call options to make a profit from the surge in the markets. Around this time last year, TSLA traded at $130. Just one year later, and it's now at more than $860. Traders, that’s a 700% gain. If that weren't enough reason for investors to start throwing their money at Tesla, then this will be: Tesla is also now the fifth most profitable and valuable company, surpassing Facebook. The sharp rise of the EV company doesn't seem to be slowing down anytime soon — especially with all the unusual activity we're seeing in Tesla January call options… Trader Turns $200K into $1 Million From Tesla January Call OptionsTesla is a force to be reckoned with. During Friday's premarket actively, the stock was up another $40 after closing on Thursday at $816. That same afternoon, we witnessed something incredible on our Blitz Tracker scanner. Just seconds before the stock market closed, a trader swooped in and bought 1,409 weekly TSLA $860 strike calls — about $140 per contract. Weekly call options are very similar to monthly call options, except they expire every week on Friday instead once every month. This gives traders the opportunity to cash out 52 times a year (instead of 12 like you get with monthly expirations) and profit from short-term news (like Elon Musk’s new spot as the richest man in the world). But we instantly noticed that there were two very interesting and unusual things about the Tesla call options trade:
So, why would they do that? How did they manage to turn their $200K into $1 million? And how do you become the next trader to do the same by the monthly Tesla January call options expiration date? We're glad you asked. Make sure to watch the video below to get the answers to all your questions. The post Profit From Tesla January Call Options appeared first on Wealthpress.  |
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