Time to Revisit the “Proximity Trade”

Advertisement

Another Friday and the end of another historic week as the S&P 500 closed at a new all-time high.

It’s amazing if you think about it. Through a global pandemic and economies around the world shutting down, stocks are still breaking out.

On this week’s episode of MoneyLine, I will give you my thoughts on the market hitting a high and how you should approach buying or selling stocks.

Then, we absolutely must talk about cryptocurrencies… and in particular altcoins. The altcoin portfolio in my Ultimate Crypto newsletter is now up 177% on average since it was launched in early January. And just today, another one of the altcoins became a “double”.

That gives us eight doubles in since January. Impressive considering there are only 11 altcoins in the portfolio.

Speaking of big gains, I’ll tell you all about an exchange-traded fund (ETF) that is killing the market with its 82% gain this year. It’s a tech-focused ETF breaking out to a new high this week, and I’ll discuss some of the strong stocks leading it higher.

Then it’s time to revisit the proximity trade. Remember, this is the opposite of the social-distancing/work-from-home-trade that many investors took advantage of this year. As more states reopen, it will lead to more travel and leisure.

I’ve been researching this, and I’ll share five stocks with you that fall into the proximity trade basket.

Get your pen and paper ready, there are lots of ticker symbols on today’s MoneyLine.

Click here now to watch the show and all the ideas we discuss.

Have a great weekend!

Learn where Matt McCall sees
huge investment opportunities right now:

How the 5G Breakthrough Can Make You Rich

The next trillion-dollar companies – the next Amazon, the next Google, etc. – are being hatched in research facilities and garages around the world. These firms will further change the world and revolutionize our economy.

Just as Apple, Google, Amazon, and Microsoft can’t function without the internet, the next generation of world-changing, $1 trillion mega winners can’t survive without the subject of this report… the super powerful infrastructure technology we call “5G.” Learn more here.

How to Make Huge Profits From the Shift to Transportation 2.0

The car as we know it is on the verge of a transformative change not seen since Karl Benz invented it nearly 135 years ago. In fact, the whole transportation sector is now poised for its version of 2.0.

I’m not exaggerating when I say this will lead to trillions of dollars in money sloshing around in the coming decades. What is coming will create one of the five biggest investment opportunities you’ll ever see in your life, no matter when you were born. Learn more here.

How to Cash In on the Biggest Battery Breakthrough in a Century

The next big breakthrough in battery technology is an innovation that will have multi-trillion-dollar economic implications. I can tell you this mega innovation isn’t a matter of “if,” it’s a matter of “when,” and I believe it will go down as one of the greatest inventions of the 21st century.

Those on the right side of this innovation stand to build incredible wealth… just like people did from the creation of the internet and the smartphone. Think of this as your “field guide” for profiting from the next big battery breakthrough. Learn more here.


Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2020/08/time-to-revisit-the-proximity-trade/.

©2024 InvestorPlace Media, LLC