Weekly Update

Gold up 16% in 2019 – I See More Gains Ahead

For all the gold bugs out there – it’s time to start paying attention to gold again. After a nasty 8-year bear market, precious metals are moving back into a bull market. The price of gold is up 16% in 2019.

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S&P 500 Second Quarter Earnings Expected to Grow 4.4%

Second quarter earnings season has arrived. This is one of the most important events of the quarter. The earnings results – and even more important earnings outlook – should guide the stock market for the next few weeks and months.

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3 Red Hot IPO’s You Need to Know About

A flurry of really cool stock IPO’s began trading on the NASDAQ exchange in the last week and I want my clients to know about all of them. Here’s a quick run down on all three and what to expect moving forward.

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Chewy IPO Jumps 67%: Buy, Sell or Hold?

Stock IPOs are one of Wall Street’s most exciting events.This is the time when shares of a company first become available for to buy. Its a great chance for investors to get in on the ground floor. Today – I am going to share an exciting new stock IPO that just began trading on the New York Stock Exchange on Friday. Shares exploded higher for a 67% gain in one day.

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S&P 500 Up 4.4% this Week – New Rally Here?

After a weak May, US stocks saw a very nice rebound this week. Based on the chart and some technical indicators – this looks like it could be the beginning of a rebound and new rally back to the all-time high. Let’s take a look. After five consecutive losing weeks, the S&P 500 delivered a…

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Recession in 2020? Here’s How Stocks Perform

Investors are nervous about a recession hitting in the next 12 months. If it happens, history tells us that stocks have actually done pretty well. The media is ramping up the recession fear mongering and investors are getting nervous.Today, I am going to discuss two things. #1 what is the probability of a recession in…

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S&P 500 Down 5% From All-Time High – Time to Panic?

Global stocks are nervous about US, China trade relations, with the S&P 500 down 5% from the all-time high. Despite the pullback, the trend is still higher and I see reasons to be optimistic. It was a bloody day for global stocks. The S&P 500 fell as much as 2% before a little rally into…

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UBER’s $84 Billion IPO Trades on Friday – Buy or Pass?

UBER is set to begin trading on the New York Stock Exchange on Friday. This IPO Is getting a ton of attention for a couple of reasons. UBER is a super popular company and almost everyone I know uses their app. Valued at $84 billion this will be the largest IPO of the year and…

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S&P 500 up 18% in 2019 – Here’s the Plan

US and global stocks are quietly having an excellent year. The S&P 500 (SPY) is up +18%. The tech heavy NASDAQ (QQQ) is up +24%. The global stock market (VT) is up +16%. Emerging markets (EEM) are up +13%. Take a look at the gains below. Some of our favorite stocks that are widely held…

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