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Trading Ideas

Were These Hedge Funds Right About Selling Exelixis, Inc. (EXEL)?

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

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Business News

Wall Street leads stocks up on $2 trillion stimulus; dollar takes a hit

A Wall Street rally powered global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility of more stimulus to come.

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Trading Ideas

Invest When There Is Blood in the Streets

One of the best times to put your money to work is when there’s “blood in the streets.”
Today, Nicholas Vardy explains why contrarian investing is the true way to wealth.

Say you’ve decided to become rich.
You may think the key is to be the founder of the next Microsoft or Google or eBay.
As it turns out, there is a far easier way to achieve your goal.
And it doesn’t involve setting up a business in your garage and winning the Silicon Valley lottery.
Yes, the transformation of startups to multinational corporations has minted many of today’s wealthy.
But there is an easier – and …read more […]

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Trading Ideas

3 Gold Penny Stocks With Over 70% Potential Upside

Is your portfolio as good as gold? The precious metal has gained in price this year, as the coronavirus epidemic hit economies hard and investors went seeking a safe store of value. Gold, of course, is the traditional financial safe haven, and the price rose above $1,600 per ounce this month. It showed a deep dip in last week’s market crash, but rose again sharply in yesterday’s general market rally. The Comex price is now $1,650.Of course, precious metals are not the only investment. We may be in a bear market, and COVID-19 may have shuttered large sections of the …read more […]