We began a new quarter, but market volatility remained this week as the number of coronavirus cases in the United States kept climbing and the monthly jobs report showed a steep increase in the unemployment rate.
The S&P 500 closed down 2.9% for the week, but I like that it remains well off the March low.
On this week’s episode of MoneyLine, I dive into the market action and discuss the best plan to start buying stocks. That’s right – it’s time to start buying again. But I recommend you be smart about how you do that. There is a specific road map you must follow if you want to make the most of this crisis market.
The big number of the week was the March jobs report, which was as ugly as expected. But that’s not actually the main reason behind today’s sell-off, as the financial media would have you believe. I explain the numbers and give you the real reason in today’s podcast.
Then I present the question of the week. I want to hear what you have to say about important topics, and I’ll go over all your comments in next week’s episode. (Hint: it has to do with trillions.)
To add a little fun into the mix for the weekend, I spend some time talking about booming beer sales in the U.S. and highlight which brands are standing out. We’ll look at three stocks – Anheuser-Busch InBev (BUD), Constellation Brands (STZ), and The Boston Beer Company (SAM) – and I lay out a case for each. Then, I want you to tell me which one you like best. I’ll share the results and the winner of the competition next week.
One thing I like to do is look at buy lists of some of the biggest financial firms. We’ll discuss two in today’s MoneyLine, and I’ll share my thoughts on a few of Wall Street’s latest stock ideas.
And of course, I have to discuss cryptocurrencies and bitcoin. I hear all the time from folks who are interested. As they should be. It’s a great time for cryptos, and I’ll share some thoughts on the big halvening that is fast approaching.
Then, small caps or large caps? I’ll tell you where the true value is today. I also discussed this in Part 2 of my Crisis & Opportunity Investment Summit this week. It’s not too late to catch the replay here.
Before wrapping up for the week, I want to share a very niche sector that I was one of the first to recommend. It’s outperforming the market, and I’ll give you the names of one ETF and one stock that are related to the theme.
All of this and much more on this week’s episode of MoneyLine. Click here to watch the podcast now.
Stay healthy, and have a great weekend.
P.S. I believe it’s time to start buying stocks again… if you know where to look.
For one overlooked corner of the market, it may be the buying opportunity of a lifetime.
And I just found three stocks that are screaming buys… even in this market climate.
I revealed the name and ticker symbol of one of these stocks during Part 2 of the Crisis & Opportunity Investment Summit.
I believe this stock could climb 1,000% or more in the next few years.
You can learn more by watching the time-sensitive replay here.
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