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| | | | Plug in to This Stock and Follow the Money | We've finally put the election behind us and it looks like Democratic nominee Joe Biden is going to be the next President of the United States. As WealthPress Head Trader Roger Scott put it, I expect Biden's plan to be all about clean and renewable energy.
Wall Street Journal seems to agree, reporting that renewable energy stocks are up over 80% in 2020.
So, with just a few weeks left in 2020, there's one stock in that sector that I want to talk about. This stock has a lot of upside left to it, making this a great time to follow the money and finish the year strong. | | | | Will Santa Claus Be Coming to Town in 2020? | It's the end of the year, guys, which means it's time for the 2020 Santa Claus rally… right? WealthPress Head Trader Roger Scott and I aren't so sure.
Whether you call it the "end-of-year rally," "Christmas rally," "Santa Claus rally," etc., traders work themselves into a frenzy of anticipation every year while they wait to see if we'll get one more rally to take advantage of. But with the recent negative retail sales report, that may not be the case this year.
This has been a crazy and emotionally draining year. It's also been a great year for the stock market and money.
We have two weeks left in December and the craziness hasn't stopped. | *clicking on these links will automatically subscribe you to Joy of the Trade emails | | | | Biden Wins Electoral College: Here's What His First 100 Days Look Like | Well, it's official… After much hemming and hawing, the Electoral College cast their votes yesterday.
Although there were some concerns to the contrary, precisely zero so-called "faithless electors" factored into this year's vote — awarding Biden his full allotment of 306 electoral votes.
Along with a popular vote margin of over 7 million, this cements a resounding win for Biden and puts a lid on this year's agonizingly long election process.
But while it may provide some much-needed normalcy and stability with regard to politics, President-elect Biden is inheriting an economy that is anything but.
Formidable outbreaks of COVID-19 in Texas, California, Arizona, Tennessee, Pennsylvania, Ohio and Michigan all threaten to shut down — or at least slow down — recovery in those areas.
And worse, hospitalizations now sit above their March peak, adding to the already intense pressure placed on healthcare workers.
So with the country still very much in the throes of the pandemic, I thought it would be helpful to assess the U.S. economy and take a look at what the first 100 days of a Biden presidency might look like. | *clicking these links will automatically subscribe you to Venture Society emails | | | "It was great listening to your teachings. As an aspiring on line business trader, there is much that I would love to learn from experts like you. Thanks"
Kokas | | | Momentum Trading involves a strategy to capitalize on the continuance of an existing trend. It involves going long stocks, futures, or ETFs showing upward-trending prices and short the respective assets with downward-trending prices.
| | | Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. | | | | |
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