Wealthpress

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• 4 Top Pot Stocks Every Investor Should Know in 2021
• 3 ‘Cheap’ Oil Stocks for the Coming Boom Cycle
• Trading When the Markets Are in Your Favor
• Global Stocks Rise Ahead of Biden Stimulus Plan
• Stock Market Recap: Wednesday, Jan. 13, 2021
• Setting the Tone: Our Stock Market Analysis for 2021
• Anatomy of a Trade: Intel CEO Steps Down, Stock Options SOAR

4 Top Pot Stocks Every Investor Should Know in 2021 Posted: 14 Jan 2021 09:30 AM PST The top pot stocks for 2021 have actually been making big moves ever since the first U.S. presidential debate took place on Sept. 29.  The reason for that is obvious: With a Democratic president, there would be a strong possibility for marijuana to be legalized on a federal level, or at least gain more popularity.  And with Democrats now controlling both the White House and Congress, I'm seeing a lot of potential upside in this sector, which is why I'm giving away the four top pot stocks for 2021 — and every investor will want to know about them.  Disclaimer: All of these stocks are over-the-counter stocks. That means you're not going to be able to buy options unless you buy them at the exchange they're listed on. However, most are listed on the Canadian Securities Exchange (CSE) so you could buy the options there.  4 Top Pot Stocks for 2021  The first company on my list of top pot stocks for 2021 is Green Thumb Industries.  Green Thumb Industries Inc. (OTCMKTS: GTBIF) is a national cannabis packaged goods company that manufactures and distributes a wide variety of cannabis products, including Beboe, Dogwalkers and Dr. Solomon's. It also owns multiple cannabis stores called Rise and Essence.  If you look at its six-month chart, this top pot stock for 2021 is clearly breaking out and making a multi-year high. In fact, Green Thumb Industries is now trading above its 2018 price level.  And if you take a look at the ETFMG Alternative Harvest ETF (MJ), an exchange-traded fund that acts like a mutual fund with multiple stocks, you'd find that Green Thumb is probably in the top 3 pot stocks.  I wouldn't even be surprised if the price of this top pot stock for 2021 shot up 20% to 30% within the next few quarters.  But Green Thumb Industries isn't the only top pot stock for 2021 I'm excited about today…  If you're one of those subscribers that has been keeping up with my daily videos for quite a while, then my next top pot stock for 2021 won't be any surprise at all.  It just so happens to be the first and leading medical cannabis company in the state of Florida, where I live. It's also one of my all-time favorite stock picks, and a top pot stock I've been telling people to look out for two years now.  Check out my short video below to hear all about Green Thumb Industries and the other top pot stocks for 2021 that you'll want to pay close attention to.  Don't forget to like this video and subscribe to my new YouTube channel if you haven't done so already.    P.S. Folks, I finally sat down with stock market expert Adam Sarhan to learn all about his Alpha Trades system.  The vast majority of these trades are likely to take place during what he calls "Alpha Zones…" And when they occur… they have the potential to explode! In fact, stocks that have passed Adam's "Alpha Line" in the past tend to have tremendous success… like when Docusign Inc (Nasdaq: DOCU) soared 321.62% in 24 hours or when traders made 531.06% in just 24 hours on Amazon.com Inc. (Nasdaq: AMZN).   And it just so happens that the next Alpha Trade is just around the corner… Click here to get your chance to take advantage of this opportunity right now!  The post 4 Top Pot Stocks Every Investor Should Know in 2021 appeared first on Wealthpress.

3 ‘Cheap’ Oil Stocks for the Coming Boom Cycle Posted: 14 Jan 2021 09:04 AM PST Back in November I discussed what I considered at the time to be cheap oil stocks. Since then, the picks are up 30% to 50%.  But these stocks are still depressed.  So much so that shares of Exxon Mobil Corp. (NYSE: XOM), up 43% since I covered it in November, is trading at just 0.8 book value per share.  In other words, you can buy all of XOM's stock at a 20% discount compared to what an accountant would say the company is worth if you showed up with a couple of railcars full of cash to buy it. That's what I mean when I say oil stocks are "cheap."  Meanwhile, oil prices have gone from under $40 a barrel the past five months or so to over $50 a barrel. So that begs the question of whether there are any cheap oil stocks left.  Finding Value in Cheap Oil Stocks WealthPress’ Jeff Yastine Yes, there are still huge values left. And that includes all of the major companies. But there are a lot of other lesser-known names out there as well, and that's important to keep in mind.  When you see a sector that's as downtrodden and beaten up as oil stocks and the energy sector in general — oil being the old-school energy sector —  you'll find a lot of them still at multi-year lows.  You can pick them up here with the idea in mind that we're at the beginning of a new cycle for oil prices. And that's exactly what we'll discuss in my video today: three oil stocks that are cheaply priced and good values in the current environment.  So check out my short video on cheap oil stocks and let me know in the comments if there are any names I don't mention that you're considering.  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. Learn How to Trade Like a Wall Street Insider  Ever wonder why Wall Street always seems to be one step ahead of the average Joe?  It's because they have a ton of top-secret trading strategies that give them an edge over everyone else! And while their methods are usually kept under lock and key… former hedge fund insider Lance Ippolito has decided to pull back the curtain on Wall Street's best-kept market strategy.  Lance is getting ready to reveal how tracking something called a "Shadow Blitz" can help you predict which stocks are ready to explode… Handing you huge cash windfalls in as little as 24 hours! Use Lance's Discovery for Yourself The post 3 'Cheap' Oil Stocks for the Coming Boom Cycle appeared first on Wealthpress.

Trading When the Markets Are in Your Favor Posted: 14 Jan 2021 08:31 AM PST For this week's trade idea, we want to continue an opportunity from last week and go over a possible Russell 2000 E-mini contract play. An E-mini contract is a futures contract that is worth one fifth of the corresponding full-sized contract. The first thing we noticed when looking at the one-hour chart is that the E-mini Russell's trading channel continues to widen. What exactly does this mean?  A trading channel consists of both support and resistance. Support is the lower portion of a channel and resistance is the top. Depending if the Russell 2000 continues to be bullish, there's the possibility of entering the market on the back side of resistance. If it continues on a bearish trajectory, however, a possible good entry might be on previous support. The post Trading When the Markets Are in Your Favor appeared first on Wealthpress.

Global Stocks Rise Ahead of Biden Stimulus Plan Posted: 14 Jan 2021 07:27 AM PST Global stock markets are mostly higher this morning as investors wait for specifics on President-elect Joe Biden's economic stimulus plan to help the U.S. recover from the COVID-19 pandemic.  It seems like investors have shrugged off last week's attack on the Capitol building in Washington, turning their attention to Biden's potential aid plan, which could help send most Americans bigger cash payments.  Hopefully this will be bullish news… In China, exports rose 3.6% in 2020 to $2.6 trillion despite hardships caused by the COVID-19 pandemic and a lingering trade war with Washington. That's a huge upgrade compared to last year's 0.5% gain.   In today's video, I'll explain the current sentiment level of the U.S. stock market… the biggest catalyst for upside growth… why employment data is discouraging… which index is most vulnerable to a downside correction… and the top three stocks breaking out right now.    P.S. If you're sick of looking 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 revealing how you could spot today's most explosive stock market opportunities before Wall Street's most elite.  And the best part is you won't have to make risky market bets or get special brokerage permission to do it.  To learn more about Adam's little-known Alpha Trades and how they can transform your trading account, just click this link.  The post Global Stocks Rise Ahead of Biden Stimulus Plan appeared first on Wealthpress.

Stock Market Recap: Wednesday, Jan. 13, 2021 Posted: 13 Jan 2021 02:14 PM PST Wall Street was mixed ahead of the House vote to impeach President Donald Trump for the second time — and more in Wednesday's stock market recap.  The drama comes ahead of President-elect Joe Biden's stimulus proposals on Thursday and the promise of the vaccine to allow a return to normal activities in the second half of this year. Stock Market Recap The Nasdaq rose 0.4% after tagging an intraday peak of 13,171. The S&P 500 advanced 0.2% following the morning pop to 3,820. The Dow slipped eight points, or 0.03% after trading in a 61-point range with the low hitting 30,992. The Russell 2000 bucked the trend after falling 0.7% despite tapping an all-time high of 2,131 shortly after the opening bell. Utilities and Real Estate were the strongest sectors after rising 2% and 1.4%, respectively. Materials and Industrials led sector weakness after giving back 1% and 0.9%. Stock Market Movers Shares of Intel Corp. (Nasdaq: INTC) soared 7% following news that CEO Bob Swan will be stepping down from the company and will be replaced by VMware Inc. (NYSE: VMW) CEO Pat Gelsinger. Additionally, Intel said it expects its fourth-quarter 2020 revenue and earnings-per-share to exceed its prior guidance provided in late October. At the time, Intel said it saw Q4 adjusted EPS of $1.10 on revenue of $17.4 billion. Stock Market Outlook  The percentage of Nasdaq 100 stocks trading above the 50-day moving closed at 77.45%, up 2.95%. Near-term and lower resistance at 75%-77.50% was recovered. A move above the latter would indicate a retest towards 80%-82.5% and overbought levels from last week. Support is at 72.5%-70%. The percentage of S&P 500 stocks trading above the 200-day moving average settled at 89.70%, up 0.40%. Key resistance at 90% was challenged but held. A close above the latter would signal strength towards 92.5% and the overbought high from mid-November. Support is at 87.50%-85%. Global Economy The global stock market recap showed European markets closed mixed. The Belgium20 added 0.5% and the UK's FTSE 100 slipped 0.1%. France's CAC 40 climbed 0.2% while Germany’s DAX 30 and the Stoxx 600 added 0.1%. Asian markets were also mixed for the second straight session as coronavirus jitters flared up again with China reporting a rise in cases and Japan widens the state of emergency.  China’s Shanghai was down 0.3% and Hong Kong’s Hang Seng was lower by 0.2%. Japan's Nikkei rallied 1% and South Korea's Kospi gained 0.7%. Australia's S&P/ASX 200 nudged up 0.1%.  U.S. Economy U.S. real average hourly earnings rose 0.4% in December, the largest monthly increase since the 5.5% jump in April. The 12-month pace accelerated to 3.7% year-over-year versus 3.2% in November. MBA Mortgage Applications soared 16.7% last week and follows a 1.7% rebound previously. The 12-month pace was little changed at 61.8% year-over-year. A 20.1% surge in the refi index paced the increase after a 3% prior gain. The year-over-year pace slipped to 92.5% from 100.0%. The purchase index bounced 8% following a -1.6% decline. The 30-year fixed rate inched up to 2.88% from 2.86% while the five-year ARM rose to 2.66% from 2.63% previously. Stock Market Sentiment St. Louis Federal Reserve President James Bullard said policy is less preemptive than it would have been in the past. He said the new framework where the Fed will let inflation run hot for a while in order to make up for the below-target trend for over a decade.  He stressed the need to regain policy credibility on the 2% target. He doesn’t want to put specific dates on quantitative easing tapering, but added it’s good to plan ahead and try to anticipate when it might happen. The iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) snapped a seven-session losing streak after testing an afternoon high of $153.07. Fresh and lower resistance at $153-$153.50 was breached but held. A close above the latter would indicate further strength towards $154.50-$155. New support is at $152-$151.50 followed by $150.50-$150. Volatility Index The iPath S&P Vix Short-Term Futures (NYSEArca: VIX) fell for the second straight session with the intraday low tapping 21.92. Current and upper support at 22-21.50 was breached but held. A drop below the latter would indicate another retest towards the 20.50-20 area. Resistance is at 23.50-24 and the 50-day moving average. Stock Market Analysis The SPDR S&P 500 ETF (NYSE: SPY) showed strength for the second straight session and closed up for the sixth time in seven after testing a morning peak of $380.86. Near-term and lower resistance at $380.50-$381 was cleared but held. A close above the latter would signal a run towards $381.50-$382 with last Friday's all-time high at $381.49. Support is at $379-$378.50 followed by $377.50-$376. RSI is trying to curl higher with key resistance at 70 holding. A close above this level would suggest additional strength towards 75-80 and the late August/ early September highs. Support is at 65-60. Sector The SPDR Gold Shares (NYSE: GLD) fell for the fifth time in six sessions after trading to a late-day low of $173.05. Near-term and upper support at $173.50-$173 was breached and failed to hold. A close below the latter would signal another retest towards $172.50-$172 and the 200-day moving average. Resistance is at $174.50-$175 and the 50-day moving average. RSI is in a slight downtrend with upper support at 45-40 failing to hold. A close below the latter would suggest additional weakness towards 35-30 and levels from late November. 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: Wednesday, Jan. 13, 2021 appeared first on Wealthpress.

Setting the Tone: Our Stock Market Analysis for 2021 Posted: 13 Jan 2021 01:58 PM PST Coronavirus cases continue to climb, we're transitioning to a new government and many people are wondering what the heck the stock market will do this year. Luckily, WealthPress Head Trader Roger Scott and I sat down for our mid-week roundtable to give you our stock market analysis for 2021. Earlier in the week, we gave some solid tips on how to keep your money safe as you trade this year.  Today, however, we're looking at a broader picture. There are a lot of factors to consider when thinking about your stock market analysis for 2021. The Green New Deal, new stimulus, the vaccine and a ton more. One big thing we're seeing is the arrival of a blow-off top in some sectors that have been  driving the bull market. And that tells us a correction is likely coming.  As I've said before, the FAANG stocks were a major upward force on the market as COVID-19 forced people to be at home more often. Our stock market analysis for 2021 shows those stocks are tiring out, and that is going to slow down the market quite a bit. Takeaways From Our Stock Market Analysis for 2021 Roger and I seem to be a little more negative than other people this year. The general stock market sentiment still looks like it is anticipating a COVID-19 free world — and soon. But our stock market analysis for 2021 doesn't agree with that. This pandemic, just like trading, is not a binary event. The virus did not come and ruin the world for a year, only to just disappear with a snap of the fingers. The same applies to how quickly things return to normal. For example, 60% of at-home workers have reported they were more productive. How can companies expect people to return to the office when they were more efficient at home? This virus is going to linger, and this market is going to correct itself.  So sit down with Roger and me and look at our stock market analysis for 2021 and, as a bonus, a few trades we recommend. Please email me your trading questions at jeff@joyofthetrade.com and subscribe to my YouTube channel for all of my latest thoughts. P.S. Most people don't know this… But thanks to a phenomenon called the "January Effect," a select number of stocks have the potential to surge higher than usual over the next few weeks.  Investors who know the right stocks to trade can expect huge returns in no time flat. But get in on the wrong stocks… and it's like catching a falling knife.  You don't want that. You want to be the person cashing in on a huge payday. And that's why you need to watch this presentation right away.  In it, you'll discover which company just popped onto Adam Sarhan's radar — and why it could explode higher in record time.  But don't delay.  Don't miss your chance to grab this huge windfall. The post Setting the Tone: Our Stock Market Analysis for 2021 appeared first on Wealthpress.

Anatomy of a Trade: Intel CEO Steps Down, Stock Options SOAR Posted: 13 Jan 2021 11:56 AM PST Have you ever wondered how options trading can benefit you — from a risk vs. reward point of view — when there's a major news catalyst? Take a look at news of the Intel CEO stepping down, sending shares sharply higher Wednesday. Intel CEO Steps Down and Stocks Soar Intel Corp. (Nasdaq: INTC) CEO Bob Swan is stepping down and will be replaced on Feb. 15 by industry expert and current VMware CEO Pat Gelsinger — just weeks after his two-year anniversary of serving in this position. Yikes. During Swan's leadership, Intel's performance has been less than stellar…  Manufacturing for next-generation computer chips was delayed… Apple announced it will no longer use Intel's chips after 15 years… And loss of market share to rivals led to Intel experiencing its sharpest decline after earnings in 20 years in 2020.  The loss of manufacturing leadership did not go unnoticed: Third Point Partners, an SEC-registered investment adviser, suggested the board look for "strategic alternatives" about a month ago.  So Intel listened. After news hit the stock market, Intel shares began to take off. The stock was up about 13% premarket and over $60 a share before settling back down around $57, up 8% by lunchtime on the East Coast. And it looks like an insider options trader knew something was up days before the announcement… so we paid attention.  For our Weekly Blitz Alert members, as noted in the daily Blitz Market Color section (for members only), we pointed out that Intel calls for next week, Jan. 29 expiration calls, and February calls were bought in size. It's a good thing we were all over this options move a day before news of the Intel CEO stepping down because, for the traders that followed the money from our Blitz Market Color section, those calls did something incredible for our traders overnight.   In addition to weekly trade alerts, members can get all sorts of trade ideas each day from my market color commentary. Watch the video below to see how much call options soared after news of Intel CEO stepping made headlines. Have you traded Intel stock before? What do you think about Bob Swan's leadership? Are you intrigued by the stock now? We'd love to know your thoughts in the comment section below! P.S. 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% return! Now a new stock has 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 The post Anatomy of a Trade: Intel CEO Steps Down, Stock Options SOAR appeared first on Wealthpress.

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