Wealthpress |
- 3 Stocks Climbing as We Build Our Economy Back
- Elon Musk, Dogecoin and Bitcoin: Where We Go From Here
- The Crypto-Inflation Relation
- The Commodities Sector Will Nosedive in May. Avoid These Stocks
| 3 Stocks Climbing as We Build Our Economy Back Posted: 18 May 2021 09:05 AM PDT Now isn't the time to be a hero with large-cap Tech, small-cap or Consumer Discretionary stocks. I've identified three names in the Industrial and basic Materials sectors with recent pullbacks — and more in today's stock market recap. Today's three stocks are poised to benefit from President Joe Biden's infrastructure plan…. But first… Stock Market RecapGlobal markets are mostly higher this morning as Wall Street opened slightly up. The S&P 500 continues to be overbought but bounced from its 50-day moving average. This move is due to the basic Materials, Financials and Industrials sectors leading the market right now. I'm skeptical of the Nasdaq's recent momentum levels. Analysts have high expectations for large-cap Tech earnings, and investors always like flight to quality. Any negative earnings numbers will add to the Nasdaq's choppiness. Inflation also has the potential to negatively impact the Nasdaq… And we are expecting more toward the end of the year. The Russell 2000 has outperformed the S&P 500 by about 30% in the last year, and has been moving sideways for a few months. I see the Russell 2000's movement as a consolidation that may lead to more horizontal movement in a bull market. Remember what I always say, stocks move in two directions — horizontal and vertical. Roger's Radar: 3 Stocks in Today's Trending SectorsUnited States Steel Corp. (NYSE: X) is headquartered in Pennsylvania. It's involved in the production and sale of flat-rolled and tubular steel products. U.S. Steel recently pulled back from a swing high and is looking to extend its one-year return of 267.64%. I've also identified an infrastructure technology company on a four-month climb that's recently pulled back. I also have a chemical producer and leading U.S. manufacturer of ammunition with a one-year return of 323.69%! In today's video, I'll go over which index is ripe for potential gains… which ones are lagging behind… which sectors to stay away from… which sectors to jump in on… and the top mid-cap stocks I'm targeting right now. P.S. This Is the Swiss Army Knife of Trading Strategies… Wall Street legend Chuck Hughes is finally sharing the secrets behind his Triple Threat Trader strategy that grew a small $5,900 account into over $212,217 — in just two years! Chuck's aiming to quintuple his portfolio in the next few months and is inviting traders to join him! But everyone's probably wondering how they can do this in such a choppy market… Well, Chuck's created a service that covers all three market types — bullish, bearish and neutral. So traders don't have to worry which way the market is going! That's three strategies in one membership! Mega-Trend Breakouts, Profit Packets and Double Paydays are designed to work in each market environment, and are all part of Triple Threat Trader! Check back each morning for Roger's Radar and the most important news and numbers in the WealthPress stock market recap. The post 3 Stocks Climbing as We Build Our Economy Back appeared first on Wealthpress.  |
| Elon Musk, Dogecoin and Bitcoin: Where We Go From Here Posted: 18 May 2021 06:35 AM PDT If you don't follow the cryptocurrency market, you're missing out with all of the Elon Musk-Bitcoin news, which sent prices of the world's top crypto spiraling. You've also missed out on the Dogecoin trend… Bitcoin is down over 20% the past week alone, ever since the Tesla CEO tweeted his company will no longer accept it as form of payment for its cars. Musk hosted "Saturday Night Live" on May 8. And he's been pumping the Dogecoin trend for some time now. Elon Musk and the Dogecoin TrendFor the newcomers, Dogecoin is a cheap cryptocurrency that actually started in 2013 as a joke. That's right… it's nothing more than a meme coin. At the beginning of 2021, it was trading around 4 cents a coin.  As you can see, back in January, the Dogecoin trend started moving up. And in April, it just exploded. Musk has been tweeting about it nonstop, even mentioning it on SNL. And Dallas Mavericks owner and "Shark Tank" star Mark Cuban has also talked about it. After starting April at 6 cents, it shot up to 75 cents a coin right before Musk went on SNL. Of course, it's fallen to around 50 cents since then, so anyone who got in at 75 cents is sitting on a big loss… So we need to put things in perspective here. First, can something like Dogecoin really take off? Yes, it can. But that doesn't mean it will stay hot. There's a big difference between Dogecoin and most other cryptos because it started as a joke. It's just not the same as things like Bitcoin. It's hot now, but it could easily roll over and not be hot anymore. You see these fads come and go in investing all the time. Nobody knows what's going to happen tomorrow. I don't even know what I'm having for dinner tonight. It could go to the moon, as they say, or it could roll over and be worthless. All I know is risk vs. reward. Are we early in this Dogecoin trend, or are we late? Well, when it goes from 6 cents to 75 cents in a matter of weeks… One of the oldest adages on Wall Street is to buy the rumor and sell the news. That simply means when you hear the rumors, that's when you want to get in on a stock. Then when it's all over the news and everyone knows about it, that's when it's time to sell because you're basically at or near the short-term top. And that's exactly what happened with the Dogecoin trend. And it's happened over… and over… and over… and over as history repeats itself. So what's next for Bitcoin? Also be sure to check your inbox each Monday for my free Alpha Intel Weekly Watchlist. I'll also send you free trade alerts pulled from my watchlist every couple of weeks just as a thank you for being a reader. And as always, please like and subscribe to our YouTube channel and podcast, "Smart Money Circle," where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I'm also a contributor. P.S. The Strategy Every Trader Needs to See We're probably all aware of what Wall Street legend Chuck Hughes has been doing lately… So the enormous gains he's pulled from the stock market… and the way he's been helping traders around the globe reach their dreams aren't exactly well-kept secrets. But now Chuck wants to share something new… He's revealing the secret behind his Triple Threat strategies that gave him the chance to grow a small $5,900 account into $212,217 plus — in just two years! And his goal is to help everyday traders transform their own trading accounts this summer. The post Elon Musk, Dogecoin and Bitcoin: Where We Go From Here appeared first on Wealthpress.  |
| Posted: 17 May 2021 02:08 PM PDT Anybody covering the markets lately has been all over Elon Musk and cryptocurrencies. We here at Fortune Research have also been talking a lot about cannabis and inflation. Which leads us to something people aren't thinking about: The value of crypto during inflation. You can include cannabis in the inflation talk as well, because they have one big thing in common. Cryptocurrencies and cannabis are commodities. And what's inflating right now? That's right. But first… We're obligated to address the breakup between Tesla CEO Elon Musk and Bitcoin, and the impact it's had on the crypto market. Crashing Crypto During InflationWe've never seen anybody jawbone asset prices around like Musk does. Just one tweet can send prices to the moon… Or in this case, the garbage can. Musk has apparently soured on Bitcoin now, just a few months after he embraced it by putting a bunch of Tesla Inc. (Nasdaq: TSLA)'s cash into it and accepting it as payment for cars. He's also been wishy-washy on what he claims as "his favorite crypto" — Dogecoin. From hyping it up and sending it to the moon… to joking about it during his Saturday Night Live appearance… And now, he's tweeting out his ideal scenario for Dogecoin — one where it takes the throne as the new king of crypto. And his response to a tweet regarding selling off Bitcoin? "Indeed." And with Bitcoin down nearly $20,000 on the month, the media is eating this up with just about every major network running some version of this story.  Source: CNBC But we've made our stance on the mainstream media clear… We believe facts and figures — not stories and headlines. And while Bitcoin's chart doesn't look great over the past month, the long-term positive trend won't break until prices get down to about $30,000.  Source: Bloomberg But as we said above: Bitcoin is a commodity. And when inflation goes up, so do commodities. What does that mean for crypto during inflation like we're seeing right now? Crypto: A Hedging Strategy?Because commodity prices rise during inflation, typically this sector is the perfect hedge. Does that rule still apply to cryptos? The most hardcore of Bitcoin proponents would say yes. The reality is Bitcoin is far too volatile to be a safe hedge, and the analysts at Bloomsberg Businessweek seem to agree. Yes, cryptocurrencies have seen huge jumps, at many points outpacing inflation. But if something as simple as a tweet from Elon Musk can send Bitcoin and the whole crypto market plummeting… That's not a hedge you want. Especially when other commodities are tied to a hard asset. We don't think that means Bitcoin is done. Trading crypto during inflation could still be a good move. And as volatile as BTC is, it's still the king of crypto. No matter what the media tells you. All the best, Matt Warder P.S. Trading expert and Wall Street legend Chuck Hughes has been helping traders bank huge profits for a while… But now he's trying something different… A new method that was able to turn $5,900 into $212,217 in just two years. So how does Chuck want to spend his summer? Teaching everyday traders how to use his Triple Threat strategy to dominate the market. The post The Crypto-Inflation Relation appeared first on Wealthpress.  |
| The Commodities Sector Will Nosedive in May. Avoid These Stocks Posted: 17 May 2021 01:18 PM PDT Gold, crude oil, lithium and iron ore have always been recyclable favorites among investors… But what if one of these was actually part of a list of the worst commodity stocks to invest in May 2021? Last week, we saw a heavy amount of bearishnish in the stock market and deep selling in a lot of the names that have been getting crushed. Technology, semiconductors, FAANG and stay-at-home stocks were among the names hit the hardest. And we're about to witness the same thing this week, but with another sector of the market. I have a good feeling the area of Wall Street that's been producing great returns lately will begin to show some vulnerability. Guys, I'm talking about commodities related stocks, so how about the worst commodity stocks in May 2021? The Worst Commodity Stocks in May 2021sI'm starting to see some strange moves in the charts of commodity stocks that were going parabolic… If you take a look at the BBG Commodity Index monthly spreads, you'll notice the massive uptrend commodity stocks have been moving in. Crude oil is up 35% year-to-date, aluminum is up 24% YTD, copper is up 31% YTD and even corn is up 34% YTD. And while these are all incredible moves, last week there was a particular movement in a commodity name that waved a major red flag at me… Iron ore has been climbing in 2021 — up about 30% on the year. Economists predict this trend will last through the end of the year, as global steel consumption is expected to increase by 4.1% year-on-year. However, the month of May isn't being kind to this hot commodity… Looking at the SSIF DCE Iron Ore Futures Index ETF chart, you'll see that iron ore had about a 30% move up in April, and then a sudden, massive retracement in May. Why's that? Check out my short video below to learn more about the worst commodity stock to invest in May 2021. Be sure to share your thoughts in the comments section below. And as always, send any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel. P.S. Wall Street legend Chuck Hughes is about to share the secret behind his Triple Threat strategies. It's the exact same strategy that gave him the chance to grow his small $5,900 trading account into over $212,217… In just two years! Chuck's never shared details with the public on how he achieved that number… But after some major convincing, I talked him into offering a select number of traders the opportunity to not only get in on these trades, but to master the stock market. The post The Commodities Sector Will Nosedive in May. Avoid These Stocks appeared first on Wealthpress.  |
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