After three straight weeks of gains for the major market indices, why does it feel like it hasn’t gone anywhere?
That’s because we still haven’t seen the price take out the June 8 high. One of the bigger takeaways from last week is the fact the Nasdaq stalled out & the Dow outperformed on the week. On Friday, it was utilities that shined and may be an indication that the bull is getting tired.
Now here’s the rest of the news:
Immersion: A Next Wave Stock Market Winner by Jim Pearce
As a result of the coronavirus pandemic, life as we know it is about to get a lot more virtual. Long after COVID-19 is just a bad memory, many of the adaptations it forced upon society will still be with us.
Like all cataclysmic economic events, this one will have a very long tail and will have an enormous impact on the stock market. If you act now, you can still get in on some of the most promising investment opportunities for the next decade at bargain-basement prices.
Consider the performance of Zoom Video Communications (NSDQ: ZM), which started the year below $70 a share. On July 13, Zoom traded up to $281 for a gain of more than 300% in less than eight months.
Prior to the coronavirus outbreak, Zoom struggled to gain market share. After going public at $62 per share in April of last year, Zoom ended the year near $67. Nothing about its performance suggested it was about to take off.
Now, Zoom is considered a “no-brainer” stock to own for this year and beyond. So too are other COVID-19 beneficiaries including Netflix (NSDQ: NFLX) and Grubhub (NYSE: GRUB).
I wrote about these three stocks in early March, just as the coronavirus pandemic was gaining steam. I said then, “As is always the case, this crisis creates an opportunity for innovative entrepreneurs. Yes, there will be many losers as a result of the coronavirus but there will be some winners, too.”
In addition to those three companies, another immediate winner is online e-tailing giant Amazon.com (NSDQ: AMZN). Amazon gained 49% over the first half of the year and added another 9% during the first two weeks of July. The Next Wave…
July 20, 2019
“Nothing can resist a human will that will stake even its existence on the extent of its purpose.”
Your plan, as my wife refers to it … our path; your vehicle to get there may change over time, (sometimes it’s low on fuel, needs service, or simply awaiting a part), BUT the vision – the mission – will not change.
My passion is helping people discover, develop and fulfill their dreams. In the process, I fulfill my own.
Sounds very simple … it is very easy to remember … AND truly IS my passion. [Saving endangered creatures, removing plastic from the ocean, reverse global warming, and ending conflict & greed … I’m sidelined.] I’m in support. I’m watching … “They are just not my P A S S I O N.”
Empowerment … YES!
Encouragement … YES!
Endearment … NO! (not my battle … not my passion … not my fight!)
And solve them we will … 🙂
July 20, 2017
Today I’m introducing a link to Lulus.
I am NOT doing this to make money, however I believe I will.
I am doing it because everyone should love the clothing you wear!
I certainly do. [Please tell me about your latest shopping experience]