It’s been a week since GameStop’s 400% jump, and we are starting to see the trading frenzy on this particular stock change course.
As talk on the retail gaming company’s meteoric rise simmers down, we are setting our sights on what could be the next “short-squeeze” stock of the week – AMC Entertainment.
If you keep up with financial news – or just news in general – I’m positive that you’ve heard the name GameStop in the past week.
That’s largely due to the company’s stock hitting a high of $404.43 – up from the 52-week low of $2.57.
Now, if you’re not familiar, GameStop can be equated to a Radio Shack or Blockbuster – it was a place that I’d take my son back in the day where he could pick out video games or where we could sell them back once he beat them.
Today, people can buy all of their games online and download them directly onto their console – rendering GameStop essentially obsolete.
And that’s exactly why these moves are shocking to investors.
It is officially inauguration day, and investors – along with the rest of the world – have their attention focused on what’s happening in Washington.
And the main question that people are asking is this:
What’s going to happen to this bull market?
We have been in the midst of this bullish rally since Election Day with the market up 13% – making this the best post-election performance in modern history. And stocks are nearing new highs during the inaugural address.
In the past, the “changing of the guard” has followed the reliable Presidential Election Cycle.
But Biden was only just sworn into office, and we’re already seeing something different…
That’s exactly why we are going to take a deep dive into the best stocks to trade during Biden’s presidency as Washington turns blue.
You can check out how to profit on this major power shift in the video below…
On January 6, we experienced history when Democrats took control of the U.S. Senate after the race in Georgia came to an end.
And you know me – when the news is running, my eyes are on the stock market.
On the same day that Georgia’s results were finalized, the Dow and S&P closed on all-time highs – and two specific sectors were ahead of the crowd. Both were up roughly 5% on the day and continued to climb.
But I’m going to show you how to play those stocks… for maximum profits.
This past week, Bitcoin’s unstoppable façade was broken.
In less than seven days, the cryptocurrency market’s most famous coin has violently risen and fallen, shooting from $30,000 to $40,000 before crashing back down again to $30K.
But I have just one thing to say…
My bullish Bitcoin prediction has not changed.
Instead, these violent moves have unleashed a new buying opportunity – and not just for crypto traders.
Today, I’ll show you exactly where you’ll want to buy Bitcoin after the coin’s volatile swing. But that’s not all…
I’ll even show you how to trade cryptocurrency without buying a single coin.
You heard me right. You don’t even have to leave your stock account to cash in on crypto’s still-bullish future.
It’s time for our first Profit Strategies Podcast of the new year.
2021’s first week gave us a lot to talk about. And it was somewhat of a reality check for those who thought New Year’s Day would bring a completely clean slate.
It’s clear that this year’s market won’t simply fly in one direction the whole time. That’s why it’s important to know how to profit no matter where the market goes.
Today’s episode is titled Democratic Bulls and Corona Bears – Profit in Both Directions This Year.
After Georgia’s Senate election, the Democrats have taken control of the Senate. And a left-controlled government has turned two sectors in particular into major bulls.
At the same time, the U.S. just reported the largest number of COVID-caused deaths yet. And the pandemic is still holding some bearish names under water.
Today, my Chief Options Strategist, Mike Wade, and I are covering the top bullish and bearish names of the new year.
Today, we are going to get real about pot.
See, pot stocks have been around since medical legalization first began. And I’ve had a few in my own portfolio for the past several years. But right now, these stocks are on fire like never before.
Since February, U.S. stocks associated with pot have risen over 40%. Many are hitting new all-time highs as I type – and those that aren’t are well on their way.
Right now, pot stocks are home to some of the highest profit potential the market has to offer.
35 states and D.C. have legalized medical marijuana. And 15 of those states – plus D.C. – legally sell recreational marijuana as well.
One of those states is Michigan – and in just 12 months, the state’s cannabis industry secured $440 million in sales. Learn about the company accountable for 12% of Michigan’s cannabis sales right here.
The legalized cannabis market hit $13.6 billion in 2019. I never thought I’d refer to a number that big as “nothing,” but believe me – $13.6 billion is nothing compared to what’s coming.
The market is estimated to explode six-fold in the next 10 years. That means by 2030, we could be looking at an $80 billion-plus cannabis market.
And today, I’m going to show you how you can take a chunk of that change.
It’s time to get into the cannabis market now, so that you can take advantage of the 500% jump later.
Here are the top four cannabis names you’ll want to take a look at right now…
For the past few weeks, I’ve been working on a special project – and it’s finally time to share that project will all of my Power Profit Trades readers.
It’s called “The Profit Strategies Podcast.”
Every week, I’ll record a brand new podcast with my good friend and colleague, Chris Johnson. And in each episode, we’ll be sharing everything you need to know to turn the market’s movement into cold, hard cash.
Did you know? You can get paid to buy stocks. Click here to learn how.
Back in my day, the electric car was a thing of the future.
It was up there with hover boards and jet packs – something you like to daydream about and draw on construction paper, but nothing you thought would ever be plausible.
And now, here we are… it’s 2020, and electric cars are taking over the automotive industry.
BloombergNEF just reported that electric vehicles will account for 10% of global passenger sales in 2025. That number is expected to jump to 28% in 2030 and 58% in 2040.
And it’s not just cars… 67% of city busses, 47% of mopeds and motorcycles, and 24% of light commercial vehicles will be electric by 2040 as well.
Needless to say, this technology is growing… and fast.
Now, we’ve seen how lucrative this business can be. I mean, Tesla just reached the highest market cap in the automotive industry, clocking in at a crisp $281 billion.
So, the assumed answer as to how to play this “electric car extravaganza” is to buy TSLA stock. That could very well be a great long-term play, but TSLA has already left the station. It’s one of the most expensive stocks on the market, trading north of $1,500 per share.
So of course, the $1 million question… what company is “the next TSLA?”
Only four months ago, social distancing were two words we’d never heard of. Now, those 16 letters just about run our lives.
The new status quo isn’t just keeping us from going to concerts or visiting Grandma – it’s affecting everything, right down to the way we shop.
Personally, I always dreaded going to the grocery store. And once the pandemic hit, and shelves were nearly empty? Forget about it!
I’m not the only one either. Many are choosing to stay home and shop online – and one industry is absolutely booming as a result.
While overall U.S. retail sales plummeted as a result of the coronavirus, falling 16% in a single month for a record drop, ecommerce sales are expected to rise 18% in 2020, according to a recent forecast by eMarketer.
Since lockdown restrictions were relaxed, coronavirus cases have dramatically spiked around the world. Seven U.S. states, in fact, just reported their highest coronavirus hospitalizations since the pandemic began. And the CDC warns that this number will skyrocket once the summer is over.
The ecommerce industry is on fire, and it’s only going to get hotter.
Here are three ways to capitalize on one of the hottest industry trends in decades…