Category: News Wire

I hope you enjoyed our 2021 predictions series. Our experts at Smart Profits Daily covered driverless cars, biotech stocks, the U.S. dollar, hated stocks that are due for a comeback and other key topics as we head toward the new year. In case you missed any of this week’s articles, here are some recaps (as well as a way you can participate in next week’s edition of Smart Profits Daily):   Driverless Cars and Other Bold Predictions for 2021 Ian King: “If you would have told me that a snake/bat virus that originated in a Chinese wet market would kill[…]

Stocks on Sale: Time for Option Shoppin’ Wow, I’m Great Stuff-ed after that Thanksgiving! How are you feeling, Great Ones? I hope you’re not too sluggish, because today we’re breaking through that day-after food coma to serve you a healthy heaping of options. Options? I’m seriously food-hung-over. Why now? Well, look at it this way: Everyone’s traded the pandemic different, and judging by the emails your fellow readers have written in, the Great Ones out there are no one-stock ponies. No siree! Some of you grabbed the bull by the horns, took a few Great Stuff Picks and traded options[…]

One down, two to go! I recently made a few Tesla predictions: TSLA will be added to the S&P 500. The company will create the very first fully 3D-printed car. TSLA could become the next company to buy into bitcoin. After just a few weeks, I’m happy to say one has already unfolded. On December 21, TSLA will be added to the S&P 500. Tesla met (and actually far exceeded) all of the index’s requirements. In my opinion, this is well overdue, but it’s no less bullish for the stock. There are dozens of ETF’s that try and mimic the[…]

2020 has been a hard year in many respects. But for one sector of the stock market, it was absolutely atrocious. Property and casualty insurers saw so many hurricanes in 2020 that we had to start using the Greek alphabet to name the storms. It’s not surprising that their stocks are down on the year. But I don’t expect that to continue in 2021. In today’s Market Insights video, we’re buying two insurers that will bounce back from a tough 2020: And if you missed it, click here to check out my Tuesday predictions article. Good investing, Brian Christopher Editor, Profit[…]

Happy Turkey Day! Back in high school, this day had a different meaning for me. After filling up on a terrific meal, I had to mentally prepare for work that night — folding clothes for hours on end at the local mall. When Black Friday rolled around … phew! You know. If you’ve ever braved the Black Friday crowds, you’d see that all that folding gets demolished in minutes. The leftovers scattered in piles on the floor. Let’s just say, I’ll never work another Black Friday in retail. Thinking about it today — with Paul’s voice in my head —[…]

As 2020 approaches the finish line, it’s a good time to evaluate what lies ahead. If this year taught us only one thing, it’s that we can’t predict everything. But even without a clear path, we can still head in the right direction. Right now, it’s looking like these four things will happen in 2021. Dollar Devaluation and a Stock Market Rally It’s time to get out of cash and into stocks. With a high likelihood of fiscal stimulus and the Federal Reserve’s pledge to keep rates low, the outlook is grim for the U.S. dollar. A COVID-19 vaccine will[…]

A “Sacred Number” Did you see?! Did you see?! The Dow Jones Industrial Average closed above 30,000 yesterday for the first time ever! How could you not see it? It’s pretty much the only thing that every single financial rag and talking head can think about lately. Even President Donald Trump came out of hibernation to comment on the occasion, calling Dow 30,000 a “sacred number.” I’m not sure I would call it “sacred.” The Holy Hand Grenade of Antioch … now that’s sacred. But Dow 30,000? Is it really the holiest of holies? Well, it depends. If you’re into[…]

Unless 2020 has another twist in store (besides the latest appearance of hammer-head worms in Georgia), we’ll celebrate the Thanksgiving holiday tomorrow. This year, gold and cryptocurrency investors have plenty to be thankful for. Copper investors as well, as Ted explained yesterday. Gold made all-time highs, topping $2,000 per ounce in early August. And although it’s given back some gains, gold prices are still up 19% for the year. Not to be outdone, Bitcoin has been on an absolute tear since September. The cryptocurrency is up 168% on the year. There are any number of catalysts driving these two assets[…]

Our House, in the Middle of Wall Street Stay-at-home stocks are quite profitable this year. But unless you’re one of the Sultans of Swing trading, it’s been quite the bumpy ride — especially now that Wall Street has vaccine fever. There are solutions to this Mylanta-infused volatility … and they don’t include more cowbell. OK, they do. But cowbell alone won’t help your portfolio. Blasphemy! You can always attempt to swing with the sinners. But if your timing isn’t spot on, you’ll end up crying with the saints. Sure, the sinners are much more fun, but it’s a quick way[…]

It’s Predictions Week here at Smart Profits Daily. And you should know … I have a history with these essays. In 2018, I told you to buy when others are fearful. If you bought one of my recommendations that year — Carvana Co. (NYSE: CVNA) — you would now be up more than 600%. Last year, it was all about biotech. And of course, 2020 followed. That brought volatility. However, Atara Biotherapeutics Inc. (Nasdaq: ATRA), one of my picks from 2019, is up 304% from its March 2020 lows. Overall, the two names I recommended last year are up an[…]