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Daily Stock Pick: May 21st, 2021

Wall Street sentiment was optimistic this morning after stocks turned positive yesterday, snapping the three day losing streak.  Gains in early trading were broad across all sectors this morning with added focus on growth stocks that have been hit hard in recent weeks.  The tech-heavy Nasdaq Composite...
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Report: Forget Short Selling. Do this instead

When a sharp market downturn occurs, you can benefit from taking the reverse direction of the markets.  Investors use bearish bets to hedge their portfolios or to turn a quick profit if things get ugly.  The main risk of traditional short-selling is that while...
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Three Stocks to Watch for the Week of May 24th, 2021

Investors are anticipating key data this week.  Consumer confidence, home price data and new home sales are out on Tuesday.  Durable goods will be released Thursday and the consumer sentiment report is issued Friday.  Perhaps the most important announcement will be Friday’s personal income and consumer spending...
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Digital Currency Mining Stocks for the Next Leg Up in Cryptos

It’s been a volatile few weeks for digital currencies. Take BTC, for instance, which has rebounded more than 30% over the past few days but it’s still down about 30% for the last month and has lost over 35% from its record high of almost $65,000 hit...
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May 31st, 2021 Hotlist: 3 Stocks to Watch

Earnings season continues to wind down this week with about 97% of the S&P 500 companies having already reported results.  First-quarter earnings are on pace to rise by 50% from a year ago, the quickest pace since 2010.  The fast rising Q1 earnings are a reflection of...
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