Author

Laura Hoy

Browsing

When the stock market’s lofty valuations come back down to earth, these three stocks could offer a strong buying opportunity.

  • Several signs suggest a stock market correction is on the horizon.
  • Many quality companies have become overvalued, making a pullback an excellent time to buy.
  • GOOGL, DKNG, and BABA are all worth watching if the stock market crashes.

Since dipping in March, the U.S. stock market has defied gravity despite worries about bloated valuations and a prolonged recession. Warnings that this bear-market rally could be coming to an end have intensified recently, a move that could prove valuable for value investors.

On the bull side of this market is the Federal Reserve and its bazooka of liquidity. On the bears’ side is pretty much everything else.

Signs a Stock Market Crash Is Coming

Coronavirus-related risks include a rising tide of cases across the U.S. and the near-certainty of a second wave of outbreaks.

Another round of mass layoffs is starting to materialize, even for those who benefitted most from the pandemic. Political bickering is holding up additional stimulus measures like coronavirus checks and an extension of unemployment benefits, shoving much of the American population off an income cliff.

More technical concerns also point to a stock market slump. As Bloomberg’s A. Gary Shilling pointed out, the most recent rally in U.S. Treasury bonds could be a signal of more downside to come.

He noted that 30-year Treasury bond yields began to decline significantly on January 2 as the price leaped upward. Seven weeks later, the S&P 500 began its epic slide.

He sees a similar scenario playing out in today’s market. It’s been roughly seven weeks since yields started to sink.

No one can predict with certainty where the market is heading, but it could pay off to be ready for a correction. Here’s a look at three stocks worth considering should a pullback materialize.

Alphabet

Alphabet stock makes for a sound tech stock to snap up on a pullback. | Source: Yahoo Finance
If there’s to be a stock market correction, it will likely start in the tech space, which is one of the pillars of the current rally. While most of the FAANGs offer a strong value proposition, Google-parent Alphabet (NASDAQ:GOOGL) provides the most compelling opportunity.

GOOGL stock has been vastly underestimated so far, and its share price has been falling in recent days after releasing underwhelming quarterly results. According to JP Morgan’s Doug Anmuth, a share of GOOGL stock is worth more than $2,000 based on a sum-of-the-parts value:

Looking at the whole, GOOGL compares well to S&P 500 peers as no other company has the combined top-line scale, growth, and margins of GOOGL. Overall, we remain positive on Alphabet as we believe: 1) it is well-positioned across ads, cloud, and a number of other key initiatives to both drive and benefit from long-term digital trends; 2) it has an attractive combination of top-line scale, growth, & margins; and 3) our SOTP (sum of the parts) suggests there is valuation support and upside potential

Google has a massive cash hoard and very little debt, making it a great stock to hold onto in times of economic uncertainty.

DraftKings

Stock market, DKNG, DraftKings stock
DKNG stock is a bet on a return to normalcy that makes sense to buy on a dip. | Source: Yahoo Finance
Another stock to keep on your watchlist is DraftKings (NASDAQ:DKNG). The firm is a play on online sports betting—a segment that is likely to experience stellar growth once sports resume in earnest. Several U.S. states are considering relaxing their online gambling regulations, a move that could boost DKNG stock significantly.

Importantly, DKNG is a bet on a return to normalcy—something that may not happen as quickly as the firm’s valuation suggests. If a second wave does cause a stock market crash, DraftKings will be along for the ride.

Alibaba

BABA stock is a good pick despite simmering tension between the U.S. and China. | Source: Yahoo Finance
Chinese e-commerce giant Alibaba (NYSE:BABA) is another stock to keep on your radar, particularly amid rising tension between the U.S. and China.

While Donald Trump’s increasingly threatening rhetoric against China has cast doubt on the future of the trade deal, a full-on trade war is unlikely. Both countries are struggling to prevent economic meltdown—adding a trade war to the mix would be a mistake.

While BABA stock doesn’t come without risk, it’s an excellent way to play the growing e-commerce market in China.

Stifel’s Scott Devitt noted that online shopping in China had been spurred on by coronavirus, and the growth is expected to continue:

Overall, we believe macro concerns remain but view China e-commerce as well positioned to gain share of retail dollars with the potential for more permanent shifts in consumer buying behavior in certain categories in favor of online players.

Disclaimer: This article represents the author’s opinion and should not be considered investment or trading advice from CCN.com. Unless otherwise noted, the author holds no investment position in the above-mentioned securities.

Author: Laura Hoy

Source: CCN: When the Stock Market Tanks, These 3 Stocks Should Be on Your Radar

These excellent stocks will benefit both from economic reopening and prolonged social distancing

The U.S. economy is in dire straights following a near-complete shutdown of business activity in April. Now, things are reopening, and the light at the end of the tunnel is shining brighter. But while the days of total shutdowns appear to be over, most experts recommend consumers operate with a high degree of caution. With that in mind, start looking for stocks to buy that benefit from both an open economy and longer-lasting social distancing.

The good news is that many are still predicting a relatively quick recovery. Pent-up demand is likely to create a flurry of economy activity.

Plus, as Brad Gold, a lecturer in business, government and society at the University of Texas at Austin, pointed out, the current conditions are conducive to a recovery. Tailwinds like lower oil prices and quantitative easing from the Federal Reserve should help U.S. firms get back on their feet.

I don’t think there is a clear line between recession and depression, although the latter indicates a deeper state of despair and unknown problems. A depression exists when there is no possibility for a near-term recovery. Here, there are still many reasons to believe in a quick recovery.

For example, low interest rates and low energy costs make it easier and less expensive for businesses to operate. As soon as we’re able to tap into these resources, a recovery would happen quickly. Thus a depression would require a worsening of further circumstances that appear to be quite stable, even amid the turmoil.

With that in mind, here’s a look at four of the best stocks to buy as social distancing continues through the summer.

Dropbox (NASDAQ:DBX)
3M (NYSE:MMM)
Starbucks (NASDAQ:SBUX)
Raytheon Technologies (NYSE:RTX)

Stocks to Buy: Dropbox (DBX)

Collaborative workplace tech is an absolute winner in the age of the novel coronavirus. But working from home is likely to continue even if scientists completely eradicate the virus. Remote work was already moving into focus before the pandemic, and the fact that companies were able to make it work in March and April means it will stick around.

Not only have many firms invested in the technology and trained employees to use it, but in the long run it could reduce costs significantly. Working from home requires less office space and therefore fewer overhead costs.

There are a lot of choices when it comes to work-from-home tech firms, but many have seen such a marked rise over the past few weeks that they don’t make for good stocks to buy.

My pick in this space is Dropbox, whose share price hasn’t rocketed higher alongside big names like Zoom Video (NASDAQ:ZM).

The reason DBX stock hasn’t enjoyed the same bump is the fact that the firm is in the midst of a transformation. It is pivoting from document storage and sharing to being a one-stop-shop for online collaboration. Management says it’s working on integrating communication options and the firm’s acquisition of HelloSign means it offers users e-signature technology.

So far, Dropbox has flown under the radar, making now a good time to pick it up. According to Citi analyst Walter Pritchard, it could also become an acquisition target in the months ahead as big names like Amazon (NASDAQ:AMZN) look to dip their toe in the workplace communication market.

3M (MMM)

There are a lot of reasons to like MMM stock right now. The company’s face masks have become vital in the fight against Covid-19. Investors were somewhat surprised when the firm’s first-quarter results showed a sales decline despite strong demand in the healthcare segment.

But 3M suffered in other segments, like office supplies, as social distancing kept offices and schools from operating. Now that economies are starting to reopen, though, 3M should see somewhat of a rise in those sales. That’s evident in the firm’s Q1 results from Asia, where sales growth in China was up 7%.

Plus, 3M offers a good defensive play in an uncertain market. The firm is in the highest class of dividend aristocrats — it’s one of only 10 companies that has raised its dividend annually for the past five decades. Its staple products offer insulation from a prolonged economic downturn and the firm’s masks will likely remain in high demand until the pandemic has subsided.

Starbucks (SBUX)

As economies reopen, investors will have a laser focus on leisure stocks for signs of recovery. While betting on a restaurant in the wake of an infectious disease outbreak is certainly a risk, coffee chain Starbucks is one of the best stocks to buy as recovery takes hold.

Starbucks is one of the few restaurants that already had a pandemic plan in place when the outbreak hit the U.S. Not only does the coffee chain have its China locations to use as a blueprint, but the firm’s strong online presence has made it much easier for customers to shift away from the traditional model.

Both customers and employees were already familiar with in-app ordering, making the transition to social distancing much smoother. Plus, many of the firm’s locations already offered drive-through options. That means the firm can continue to operate in the event of a second wave.

Raytheon Technologies (RTX)

In the midst of the pandemic, Raytheon completed a merger with United Technology that saw the firm diversify its assets. It is moving away from aerospace in a move that can only be described as prophetic. That doesn’t mean RTX stock comes without risk, though. The firm is still heavily entrenched in aerospace and will feel the pain of a decline in commercial aerospace for a long time to come.

But betting on an economic recovery is tricky when it relies on people staying away from each other. That’s why Goldman Sachs recommends picking stocks that don’t rely on U.S. consumers to do well. The firm cites China’s recovery as a good example of what to expect and included RTX in its list of stocks to buy to bet on an economic recovery.

RTX’s business fits that category — the firm will do well as the economy improves, but doesn’t depend on consumers to sell to.

Plus, the firm offers a respectable dividend yield just shy of 4% that management has said it’s committed to maintaining.

Author: Laura Hoy

Source: Investorplace: 4 Great Stocks to Buy for a Summer of Social Distancing

  • A Google-Lyft partnership always made sense.
  • Now that Lyft’s market cap has been slashed nearly in half, Google could be thinking about putting its massive cash pile to use.
  • The two are already working together, and an acquisition would be a natural next step.

Things are about to go from bad to worse for Lyft. Until recently, the rideshare stock had been trading alongside rival Uber. The two were moving in tandem as investors looked at the growing potential for the overall industry.

But with coronavirus significantly cutting down traffic, Lyft’s weaknesses are starting to rise to the top.

Lyft Stock Is Getting Pummeled While Uber Recovers

Uber and Lyft have traded together over the past few months, but in this economic downturn, Lyft’s glaring weaknesses are coming into the spotlight. | Source: REUTERS/Lucy Nicholson

Uber’s meal delivery service, Uber Eats, has been a lifesaver for the company’s business over the past month. While the number of customers looking for a taxi has dropped sharply, food delivery has seen an uptick.

Unfortunately, Lyft has no such model. Even the firm’s bike and scooter offshoot has been put on hold due to supply chain issues. Unlike Uber, Lyft hasn’t expanded beyond the North American market— so in times of crisis, the firm has very little room to pivot.

Uber (green) has seen a stronger rebound than Lyft (blue) because the company has more protection during this downturn. | Source: Yahoo Finance

Uber is trading less than 10% lower than it was at the start of the year, while Lyft is down nearly 35%. That’s probably not the end of the pain for Lyft either as rolling lockdowns in the U.S. continue to weigh on its business.

With an economic downturn thrown into the mix, Lyft simply can’t beat Uber. It may not even be able to stay afloat, and investors are starting to notice that.

Here Comes Google

While Google’s business isn’t immune to the economic pain, it’s strong financials suggest it will thrive while its peers struggle. | Source: REUTERS/Arnd Wiegmann

But Lyft’s pain could be Google parent Alphabet’s gain. The tech firm’s autonomous driving arm, Waymo, desperately needs a platform on which to roll out its fleet. Waymo has been partnering with various companies, as well as trialing its own customer-facing platform to find a B2C platform that works. But the company has yet to commit.

This could be Waymo’s chance to lock-in a great deal.

Back in February, when Lyft stock was trading above $50 per share, Northcoast Research’s John Healy pointed out that the firm made for an excellent takeover target for an autonomous vehicle developer.

A pure play network such as Lyft could be increasingly attractive from an M&A standpoint to the future winners of the autonomous race

Now that Lyft’s market cap has fallen to $8.7 billion over a matter of weeks, that’s even more true today.

Alphabet Likely To Make Acquisitions This Year

Alphabet, with $90 billion in cash and very little debt, is likely to be on the hunt for ways to put its money to use. The firm is in a prime position to make strategic acquisitions during this downturn because of its rock-solid financials and relatively safe business.

While Google will probably take a hit from a pullback in advertising spending, a higher volume of users should help offset some of that pain.

The bottom line? Alphabet could scoop Lyft up in an all-cash deal without seeing much of a dent in its finances.

This is something Alphabet is almost certainly considering. This economic downturn is a golden opportunity for the company to invest in Waymo’s growth at a time when competitors can’t keep up.

Every major car company has a bet on self-driving cars, but the current climate means they’re strapped for cash. By contrast, Alphabet has a mountain of money that it can use to put its own autonomous vehicle program in a position to dominate the market coming out of this crisis.

A Lyft/Wamo partnership makes perfect sense, and now is the perfect time for Google to make that happen. | Source: Roman Tiraspolsky/Shutterstock.com

Not only that, but Waymo and Lyft are already working together.

A huge part of Lyft’s overall business model is transitioning to so-called “robotaxis” that won’t require a driver.

As Waymo has already begun to infiltrate Lyft’s fleet, it makes sense for the two to take that relationship further— especially if Lyft is struggling to stay afloat.

There has been chatter that the two would combine over the past year, but if ever there were a time for Google to strike— it’s now.

Disclaimer: This article represents the author’s opinion and should not be considered investment or trading advice from CCN.com.

Author: Laura Hoy

Source: CCN: Lyft Stock Is Plunging – It’s Only a Matter of Time Until Google Gobbles It Up

Disney’s most recent effort to stop the bleeding shows the firm is starting to get desperate. It could soon fall victim to a hostile takeover — perhaps from Apple.

  • Disney’s decision to furlough it’s park employees underscores how much the closures will hurt the business.
  • With pain coming from all angles, Disney could become a takeover target.
    Apple has the cash to make a big acquisition and Disney would fit into the firm’s future streaming plans.

On Friday, Walt Disney (NYSE:DIS) announced it would furlough thousands of employees amid coronavirus uncertainty. The move underscores Disney’s precarious position and adds to speculation that Apple (NASDAQ:AAPL) could be considering a takeover bid.

The self-proclaimed “happiest place on earth” had to shutter its parks to comply with lockdown measures, resulting in millions in lost ticket sales. The exact number of park staff affected is still unclear, but it could potentially apply to 177,000 U.S. workers.

While Disney has agreed to continue paying for healthcare benefits and insists the furlough will be a short-term measure, it raises questions as to how much more pain the mouse can take.

Disney Park Closures Hurt Revenue

Disney’s Parks segment makes up a whopping 37% of the firm’s overall revenue. That’s equivalent to $25 billion each year. If the parks remain shuttered for just one quarter, Disney will likely lose more than $6 billion in unrecoverable revenue.

Disney parks are a major source of revenue for the company. Their closure will be a major blow to the business. | Source: HECTOR MATA / AFP

And that’s just parks. While the introduction of the company’s Disney+ streaming platform was undeniably well-timed, Disney’s media empire is also at risk of crumbling. Production for 2021 projects have halted and the windfall that new releases used to generate is little more than a light breeze.

Disney’s “Onward,” which came out on March 6, grossed just over $100 million—that’s a fifth of the $500 million studio execs had expected. The film cost more than that to make.

Lack Of Content Kills Broadcast

Things don’t look much brighter for broadcasting, which will also take a hit despite the thousands of people stuck inside watching TV. That’s due to a lack of content coupled with a pullback in advertising spend. While there’s certainly a captive audience, those people aren’t out spending money.

ESPN has had to get creative with content as live sports are on hold. | Source: Twitter

The cancellation of live sports was a hit to Disney’s ESPN, which has started filling the time with repeat broadcasts and unlikely events like arm-wrestling matches.

There’s no doubt Disney is in a tough spot and will be for some time. Its parks are unlikely to open over the next six months as most agree that social distancing measures need to remain in place until a coronavirus vaccine has been approved. Even if they do reopen, the public will likely be hesitant to visit.

With $38.31 billion worth of long-term debt on its balance sheet and a severe cash-flow problem in the near-term, Disney has become ripe for the picking.

Apple Should Ride To The Rescue

Not many U.S. businesses are in a position to buy right now, but those who can are likely putting a target on Disney’s back.

One potential suitor is Apple, whose infamous $107 billion cash pile hasn’t found a good use just yet. Disney’s market cap has slid to $175 billion, within touching distance for Apple. In the coming weeks DIS stock will probably see an even steeper decline as the impact from its shuttered operations sinks in.

Apple is in a great position to scoop up Disney at a bargain price. | Source: Josh Edelson / AFP

Adding Disney to its empire makes sense for Apple, whose own streaming platform has had a lackluster reception. By contrast, Disney’s impressive catalogue of content saw consumers signing up in droves.

Neither company has made any mention of a possible combination, but desperate times call for desperate measures. It would be shocking if Apple comes out the other side of the coronavirus pandemic without picking up a struggling competitor along the way.

The opinions expressed in this article do not necessarily reflect the views of CCN.com. As of this writing Laura Hoy did not hold any of the aforementioned securities.

Author: Laura Hoy

Source: CCN: Apple One Step Closer to Hostile Disney Takeover. Here’s How It Could Happen

The U.S. stock market is marching into of one of the most severe bear markets of all-time, according to famed investor Jim Rogers.

  • The consensus among market-watchers is becoming more depressing by the day.
  • Until the U.S. gets a handle on coronavirus, economic pain will continue to add up.
  • The oncoming recession could rival the Great Depression.

The U.S. stock market has been surprisingly resilient over the past few days as the bad news continued to pour in. But the Dow Jones is on track to record its second-straight setback on Wednesday amid warnings that this could be the beginning of the worst bear market since the Great Depression.

The Stock Market Will Drop Again

Any analyst worth their salt is unwilling to call a bottom for the stock market without some clarity regarding coronavirus containment. The untold damage that the virus could inflict on the U.S. economy has made it difficult to judge exactly when things are going to turn around for good.

But although experts can’t time a bottom precisely, some believe they can confidently say it’s a long way away.

The stock market could be heading for the worst downturn of our time. | Source: Yahoo Finance

Famed investor Jim Rogers is the latest to add his voice to a chorus of analysts who warn the stock market crash will worsen in the weeks ahead. He pointed to ultra-high debt levels coupled with an eventual rise in interest rates as reasons to believe the bear market could last for years to come.
I expect in the next couple of years we’re going to have the worst bear market in my lifetime.

Rogers has long been a critic of unsustainable borrowing among U.S. corporations. He sees coronavirus as the pin that will pop the debt bubble. The damage coronavirus has done to the U.S. economy will take considerable time to repair, especially in the high-debt environment that cheap lending has created.

[This] will not be over quickly because there’s been a lot of damage. A gigantic amount of debt has been added.

Economic Data Will Only Get Worse As Recession Hits

We’ve already seen the beginnings of the economic damage Rogers is referring to— unemployment figures hit historic highs last week and are expected to rise by millions again this week. Analysts see U.S. GDP in the second quarter declining by as much as 50%. That’s likely just the beginning.

Data out this week showed Americans have lost faith in the U.S. economy. The Conference Board’s index of consumer confidence fell to 120, its lowest level since July 2017. Consumer expectations plunged 20 points in just one month.

According to the Conference Board, those figures are just the beginning of a more devastating slide. The data was collected up until March 19, so it’s likely to worsen because fears regarding the virus grew exponentially at the end of March. What’s more, the research group says these figures suggest a severe contraction.

March’s decline in confidence is more in line with a severe contraction—rather than a temporary shock—and further declines are sure to follow.

Another Great Depression

Will the U.S. be forced to endure a repeat of the Great Depression? | Source: Wikimedia Commons
Rogers said the bear market would be the worst in his lifetime. At 77, that suggests he sees it outdoing both the dot-com bust and the 2008 financial crisis. But others say coronavirus could plunge the U.S. into a recession comparable to the Great Depression nearly a century ago.

Harvard economist Kenneth Rogoff points to the fact that the global economy has ground to a halt as the biggest warning sign. Although coronavirus is often compared to the Spanish flu, the economic outcome probably won’t be the same. That’s because back then, economies continued to chug forward despite the mounting death toll.

The U.S. is far from getting coronavirus under control, which will continue to hurt economic growth in all sectors. | Source: New York Times

Rogoff believes the short, v-shaped recovery that bulls have been clinging to is a pipe dream considering the ramifications of lockdowns around the world. To prevent a full-blown financial crisis, the U.S. will have to return to business as normal— and soon. That won’t happen until the world gets a better handle on coronavirus, which is still a huge unknown.

Like Rogers, Rogoff pointed to corporate debt as a potential catalyst to launch the U.S. into crisis.

If the economy stays at pause long enough, there are still going to be massive corporate defaults.

Rogoff noted that U.S. banks are unlikely to collapse under the credit crunch they’re facing, but he didn’t rule out the possibility that they’ll be stretched to their absolute limits.

Stress tests built in severe shocks but not this severe […] we could be in a situation in a worst-case scenario like Europe where the banking system was moribund [postcrisis]; it is a lot of the reason why Europe has stagnated.

Disclaimer: The opinions in this article do not represent investment or trading advice from CCN.com

Author: Laura Hoy

Source: CCN: Economist Warns of Depression-Era Conditions Amid Stock Market Drop

While timing the stock market’s bottom is impossible, historical trend data show the Dow could reach its floor sooner than you think.

The U.S. stock market plunged into bear market territory earlier this month, but there’s strong reason to believe the bottom is near. | Image: Spencer Platt/Getty Images/AFP

  • History shows that the market will eventually bottom, marking a huge buying opportunity.
  • While timing the bottom isn’t an exact science, some indicators show the floor is nearer than we though.
  • A peak in coronavirus cases may not be the turning point for the stock market.

The past month has been a frightening one for investors around the globe. After weeks of losses, investors are becoming increasingly nervous about whether the Dow will find a bottom anytime soon.

There’s no way to time the bottom accurately but history dictates that at some point, it will come. Signs show, the stock market turnaround could be closer than we think.

Goole Data Suggest Stock Markets Will Recover

It’s impossible to say exactly how low the stock market will go, but some evidence suggests we’re getting close to the floor.

Despite the fear and anxiety causing the selloff, Google Trends shows that people are searching for “stocks to buy” more than ever before. While that doesn’t necessarily mean investors will rush into equities tomorrow, it suggests they’re making buy lists and preparing to buy the dip.

In other words, a lot of people are bullish about the future of the market.

Google trends show investors are preparing to get back into the stock market. | Source: Google Trends
Google search terms are far from being a reliable market indicator, but other notable spikes in the search term “stocks to buy” came before significant recoveries.

In the beginning of November 2016, the Dow was down to 17,888. The following week Google saw searches for “stocks to buy” surge and the Dow index went on to gain 5,561 points over the next year.

The number of people searching for that phrase was also elevated between January and February of 2018 when the Dow suffered a 10% loss. The index went on to continue its decline in March 2018, but investors who bought soon after searching would have seen gains between 8% and 12% over the next year.

How Low Will The Stock Market Go?

There are other factors that suggest the market will bottom out soon. Jeff DeGraff of Renaissance Macro Research pointed to investor sentiment data as reason to believe a turnaround is on the horizon.

Survey data show that investor sentiment has fallen into the bottom 10th percentile, something that historically precedes a market rally.

DeGraff says that the stock market could recover before coronavirus cases peak, saying that investors are more interested in whether the government will be able to stem economic losses and keep the ballooning corporate debt bubble from popping.

Corporate debt is a major concern among investors. | Chart: The Washington Post

If that’s the case, whether or not coronavirus continues to ravage across the U.S. and Europe through the summer doesn’t matter from an investment standpoint. Instead, the timing and size of the federal government’s stimulus package will be an important turning point.

Dow’s Death Cross

Reading that there’s a “death cross” showing up in the Dow’s chart might sound terrifying, but it’s not as bad as it sounds.

The so-called death cross is when the Dow’s 50-day moving average slips below the 200-day moving average. When the two invert, it’s widely considered that a long-term bear market is on the horizon.

The Dow’s death cross is the shift from a short-term selloff to a longer-term bear market. | Source: Yahoo Finance

The last time this cross turned up was December 19, 2018 – three days before the market hit rock-bottom. Another cross in January 2016 came four weeks before the Dow’s floor and in 2015 the death cross showed up two weeks before the market finally bottomed.

In the past, the death cross has come shortly before a recovery. | Source: Yahoo Finance

Notably when the cross showed up in 2015, the Dow declined 10% in those two weeks.

In 2018 and 2016 the Dow lost 6.6% and 3% respectively.

In 2015, the 200-day moving average was still rising when the death cross appeared, while in both 2018 and 2016, the 200-day moving average was falling.

When the cross happened this year, the 200-day moving average was on its way down.

The fact that the 200-day moving average was on the decline when the cross appeared this year is a good sign that losses will start to slow. | Source: Yahoo Finance

Bottom Feeders Circling

All this doesn’t mean its time to pile into the market, but it does provide some perspective that a bottom is coming and that investors should be ready.

The market is in a tailspin, and could be for the next few weeks— but it will hit a floor eventually and when it does it will mark a huge opportunity.

Google data show investors are gearing up to buy, and history tells us that these trying times shall pass.

Author: Laura Hoy

Source: CCN: Dow Death Cross Sounds Terrifying, But It Suggests the Stock Market Is Bottoming

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!