Las Vegas is a different place than it was just a couple of months ago.
You used to crowd into a casino, drink in hand, shoulder to shoulder with your blackjack opponent.
Now, there are only three people to a table – and glass partitions separate you from the rest of the table.
So, sure, one of the country’s top tourist destinations has reopened. But your go-to hotels, casinos, and resorts may not be the same profit hot-spots they used to be – unlike this tiny startup, which could see revenue surge 9,000%.
For the past three months, there have been over 329,000,000 Americans under stay-at-home orders.
Three months of Zoom calls with family and friends. Three months of trying to find the directions to board games you haven’t opened since 2007 after exhausting all other forms of entertainment in the house. Three months of total social distancing.
At the beginning of May, there was talk of places beginning to reopen – meaning you can sit down at restaurants, go to shopping centers, and participate in outdoor activities. Now, we’re in June and many regions have reached this phase.
It’s a breath of fresh air (or whatever kind of air you can get through your hand-sewn mask) – and stocks are taking a deep breath.
The S&P 500 is trading over 3,000 points for the first time since the March 5 crash.
Although the economy is beginning to pick back up and people are starting to go back to work, there’s a chance this won’t last long…
The CDC is calling for a second wave of COVID-19 to hit during the winter – a mere five months away.
This could mean more businesses closing, more stay-at-home orders, and trouble for the stock market.
That’s why now is the time to get into these profitable plays. And I have narrowed down the top sectors for the highest return.
That might be the understatement of the decade, but it’s true.
I don’t remember what it’s like to eat at a restaurant. I’ve adjusted to slippers being part of my work attire. Every time I watch T.V. and I see characters open a door without a squirt of Purell afterwards, I cringe just a little.
These are unprecedented times for everybody, including us traders.
Back when COVID-19 caused the market to tank 35% back in March of this year, big companies faltered, and nobody knew what was going to happen.
After the dust settled, a new sector of “stay-at-home” stocks rose like a phoenix from the ashes. In fact, on Monday, the Dow index had its best day in over a month, soaring over 900 points before market close.
But it has everybody asking one question: Is it a good time to buy stocks?
And I have the answer for you.
(If you want to avoid stocks altogether, then check this out. These readers didn’t touch a single stock – and they had the opportunity to double their money in two weeks.)
For the past three months in Power Profit Trader, we’ve talked about the stock market plummeting, unemployment hitting record highs, and different strategies we can use to get our portfolios stable again.
But we never really touched on how the access of information is affecting the market.
If this pandemic happened two decades ago, you would be getting the news from the daily paper that landed on the doorstep first thing in the morning, the 5 o’clock broadcast, or you waited on the dial-up internet.
I mean, this morning when I woke up, I grabbed my coffee and scrolled through my favorite sites for market updates, I read the news, checked social media – all in a span of a few minutes.
And I can rinse and repeat this all day long – 24-hour news in the palm of my hand.
I can still remember the first time I called a friend from my cell phone asking for directions back in 1988 – and that’s all it could do. It was a phone that was roughly the size and weight of a brick that just made calls (that were usually dropped, if I might add).
We’ve officially entered what I like to call the “post-coronavirus recovery.”
I know, I know – stocks fell yesterday. The Dow ended the day over 100 points lower, in fact.
But since the end of March, we’ve seen four moves to the upside.
Now, these moves have been welcome changes after we saw the market crash, erasing all gains it had made for the year in just a couple of weeks.
But one indicator is telling us that the upward movement may not be here to stay.
It’s hard to make a long-term play when all signs point downward for the near future – but there’s one play that you can take right now that doesn’t involve stocks at all – and it could hand you 10 times your money.