Recent Articles
A Reverse Stock Split Was Too Little, Too Late to Save Aurora Cannabis Stock
With weak fundamentals, and the potential for shares to drop further, sell Aurora stock and consider better pot plays elsewhere.
Today’s Massive Catalyst You Probably Heard Nothing About
It’s here… as of about two hours ago. I’m talking about bitcoin’s much anticipated “halvening.” We talked about it in the very first MoneyWire of 2020, but the rest of the financial world finally paid a little bit of attention to it today. A lot of websites and cryptocurrency enthusiasts were in party and countdown mode all day. Cointelegraph.com held a seven-hour watch party livestreamed on YouTube. Bitcoin Magazine hosted a 21-hour live stream that started at midnight. I can talk for a long time when I’m passionate about something, but 21 hours is crazy. Thehalvening.com counted down both the number of bitcoin blocks and estimated time until the halvening occurred.
Tesla Is Still the King of Electric and Autonomous Driving
Tesla remains ahead of its competition. As a result, so too does TSLA stock. Shares are still up more than 230% over the past year.
Here’s the Biggest News of the Week
It was actually a decent week for the stock market despite some headwinds, including Friday morning’s jobs report that showed the unemployment rate and the number of people filing for unemployment jumped to the highest levels since World War II. And yet, stocks rallied on Friday. In this week’s MoneyLine podcast, I dive into the markets and break down that historic jobs number. Even though it was big, there was a silver lining… and that’s why stocks gapped higher at the open and rallied into the weekend. Did you know that the Nasdaq is actually up in 2020? My favorite sector is up 6.5%... And my favorite asset class outside of stocks is up 40%! I talk about all three in the podcast.
The Big Event is About to Happen… Here’s My Latest Recommendation
The countdown is now in its final stages, and I’ve just released my last recommendation before it happens. The estimated day for the massive crypto catalyst we’ve been waiting for keeps getting sooner and sooner. A few months ago, bitcoin’s halvening was expected around May 20. A couple of weeks ago, it had been moved up to May 13. Then May 12… It’s now estimated to happen on May 11 – just three days from now. If you’re a regular MoneyWire reader, you know how big this is… and time is running out. Bitcoin’s halvening cuts the supply of new coins coming onto the market in half.
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