See, we’re coming up on the fifth anniversary of a bold call I made about Amazon.com Inc.(Nasdaq: AMZN).
And it all had to do with my thesis that high tech is vital to our economy and your investment portfolio. That the road to wealth is paved by tech…
Of course, my belief in tech as a key force behind the ongoing success of – heck, the mere existence of – just about any company on the market remains as strong as ever.
As with the doubters you still see today, many in the financial media were skeptical that the “King of E-Commerce” really could hit $1,000 when I predicted as much on Oct. 30, 2013.
At the time, four years into a huge bull market, TV analysts were spouting off about how a “tech bubble” was about to burst.
But I strongly disagreed. I argued that tech had become the key driver for the U.S. economy in a way we hadn’t seen before. That’s why I said that Amazon would roughly triple from the $332-per-share that it traded for the day that column ran.
Well, Amazon crossed the $1,000 threshold way back on May 31, 2017, and the stock this morning hit an all-time high of $1,980.45.
But if you think gains like these are a thing of the past for Amazon, and that you’re too late to profit from this tech juggernaut, I’ve got news for you.
And that’s why here – each and every week – I try to bring you the newest of the new.
I’m talking about the innovations that are disrupting existing markets, industries, and technologies and producing something new and more efficient… something better.
That’s where the biggest gains will be now – and well into the future. Like cryptocurrencies, the medtech and fintech advances that are changing those industries forever, legal cannabis, and the new technologies that are fueling the need for a U.S. Space Force.
These are the innovations that move forward at blazing speed, leaving overnight millionaires in their path.
Of course, this is something we’ve been talking about for close to two years. And by being way ahead of the curve, you folks and my Nova-X Report members have had the chance to score some pretty sizzling gains.
Now then, there’s no question the Aug. 15 news that Constellation Brands Inc.(NYSE: STZ) is spending close to $4 billion to take a 38% stake in the Canadian cannabis firm Canopy Growth Corp.(Nasdaq: CGC) was a game changer.
Many cannabis stocks have rallied on the news – and I hope you were in on some of that.
But there’s an element to the deal that almost no one else is taking about.
You see, I think this mega investment marks the beginning of whole new financial trend.
One that will mean big bucks for cannabis investors.
You may or may not recall where you were on Dec. 19, 1998. But it certainly ranks as one of the more important events in U.S. presidential history.
That was the day the Republican-controlled U.S. House of Representatives voted to impeach President Bill Clinton on counts of perjury and obstruction of justice.
Here’s why I’m bringing all this up today.
President Donald Trump said yesterday morning that if he were to be impeached – as many of his opponents hope – the stock market would “crash.”
I’m a supporter of the president – but still, I think his claim is garbage.
In fact, when I appeared later that day as a guest on Cavuto:Coast to Coast on Fox Business, I quickly swatted it down. (You can check out my appearance by clicking here.)
“I don’t see the threat of impeachment or actual impeachment if it were to occur causing, certainly not a bear market,” I told host Neil Cavuto yesterday. “I doubt if it would even cause a correction.”
With that in mind, today I’m going to show you how, even if Trump were ousted, you can still make a lot of money in the markets.
Some of the biggest profit plays to be made in the new world of legal sports gambling have nothing to do with placing bets on your favorite football team – or even buying casino stocks.
I’m talking about the tech and data firms that will act as the new “bookies” for this industry that The New Republic estimates is worth $1 trillion worldwide. See, win or lose, the bookies always take their cut – and that’s a good place to be when you’re looking to pad your nest egg.
Since the U.S. Supreme Court decided in May to overturn a decades-old law limiting most legal sports gambling to one state, Nevada, the floodgates have opened wide.
If the recent choppy market has your head spinning, you’re not the only one.
Fact is, the markets are in a state of confusion because we are seeing a number of domestic and global events that traders and investors are still trying to sort out.
I mention that because if there’s one thing Wall Street hates above all others, it is uncertainty.
That was clearly true on Aug. 15, when a headline in TheWall Street Journal said it all: “Stocks Fall as Trade Tensions Persist.” That day the bellwether S&P 500 fell 0.7%, while the tech-centric Nasdaq Composite declined 1.2%.
The immediate cause for concern was President Donald Trump’s decision to double tariffs for steel and aluminum on Turkey. News of those tariffs have sent Turkey’s currency, the lira, into a huge slide as the dollar has rallied.
The situation got even tenser yesterday morning when the Journal reported that the White House rejected a Turkish proposal to free detained American pastor Andrew Brunson in exchange for relief for Halkbank. That major Turkish bank is facing major fines for its alleged violation of U.S. sanctions on Iran.
And the deteriorating situation with Turkey is just the beginning.
There’s also a lot of uncertainty about how Trump’s tariffs on China and other countries might affect global growth. Yesterday, talks in Washington began on the Trump administration’s proposed duties of up to 25% on some $200 billion in Chinese consumer goods entering the United States.
While the trade war rhetoric seems to be cooling – now – that tide could turn as soon as today.
With that in mind, I want to give you three important tools that will help you weather this storm of uncertainty.
These tools will help you hold onto your money during these uncertain times.