Tilray Stock Is Down — Here’s Why
In today’s Marijuana Market Update, I: Answer a reader mailbag question about Tilray Inc. Pose a question for you to answer. Cover key earnings for our watchlist stocks. Let’s begin with Tilray. Why Tilray Stock Is Trading Down Why is Tilray trading down? — Joe Thank...
Late Payments Show We Threw Too Much Money at Americans
Every month, the Federal Reserve completes a Survey of Consumer Expectations (SCE). This survey includes data on the level of inflation that consumers expect. Survey questions ask about prices for food, gas, housing and education. The central bank also collects data...
What a Gas! Pipeline Panic Won’t Fuel a Stock Crash
Up and down the East Coast, people are flocking to gas stations in fear of an ongoing shortage. The national average price for a gallon of gas broke $3 on Wednesday. GasBuddy, a website dedicated to finding real-time fuel prices, found that demand for gasoline rose...
Press Pause: Why Netflix Stock Is NOT a Buy Right Now
Four years ago, I was having a beer with a buddy of mine, and I asked him a hypothetical question: If you could only choose one entertainment medium — cable TV or Netflix— which would you choose, assuming the cost was the same? I expected him to ponder it for a moment...
Money & Markets Watchlist
Tilray Stock Is Down — Here’s Why
In today’s Marijuana Market Update, I: Answer a reader mailbag question about Tilray Inc. Pose a question for you to answer. Cover key earnings for our watchlist stocks. Let’s begin with Tilray. Why Tilray Stock Is Trading Down Why is Tilray trading down? — Joe Thank...
What a Gas! Pipeline Panic Won’t Fuel a Stock Crash
Up and down the East Coast, people are flocking to gas stations in fear of an ongoing shortage. The national average price for a gallon of gas broke $3 on Wednesday. GasBuddy, a website dedicated to finding real-time fuel prices, found that demand for gasoline rose...
Press Pause: Why Netflix Stock Is NOT a Buy Right Now
Four years ago, I was having a beer with a buddy of mine, and I asked him a hypothetical question: If you could only choose one entertainment medium — cable TV or Netflix— which would you choose, assuming the cost was the same? I expected him to ponder it for a moment...
Kraft Heinz: Pack Your Retirement Pantry With This 3.7% Dividend Staple
I have three children, two of whom are growing boys. They eat. A lot. Like a marauding army or a swarm of locusts. If you turn your back on them for a minute, they’ll pick the pantry clean. I had this on my mind as I was researching dividend stocks this week. The...
Everyone’s Wrong About This 4.6% Dividend (It Will Double)
Don’t listen to the naysayers — tech stocks are set to thrive in the coming months, and the sector is still a great place for us to go hunting for big, and growing, dividends. Here’s one reason why: Despite worries about rising interest rates, the Federal Reserve is...
Biotech at Discount Prices: Buy This High-Growth Small Cap Now
COVID-19 pushed biotechnology companies into overdrive in search of a vaccine. From big vaccine producers to smaller companies that provide DNA to test those vaccines, the entire industry shifted into high gear. And stocks within the industry followed suit. Investors...
3 Major Crypto Breakthroughs: Buy BTC or ETH?
Bitcoin (BTC) $250,000 over the next one to three years … Ethereum (ETH) $4,000 this year. Big numbers, right? Well, those were the predictions Paul made for the two cryptos earlier this year. And I 100% agree with these targets. In fact, Ethereum already hit the...
Will Biden’s Tax Hike Scare Big Money Out of the Markets?
In 2012, Warren Buffett’s secretary made a splash in the tax code “fairness” debate when President Obama spoke of her in his State of the Union address. It seemed like an easy argument to make: A lowly wage-earning secretary shouldn’t pay a higher tax rate than her...
Roblox and Coinbase Earnings Preview: What to Expect After IPO Hype
Money & Markets Week Ahead for May 9, 2021: Is the housing market boom enough to invest in Enact Holdings’ IPO this week? More companies are reporting earnings this week, and I will focus on two newcomers to the market: Roblox Corp. and Coinbase Global Inc. We’ll...
Biden’s Stock Boom, Capital Gains and the Market’s Future
In this edition of The Bull & The Bear, we discuss President Biden's capital gains tax proposal and what it could mean for the stock market. It’s a common misnomer that when a Democrat is president of the United States, stock market returns are lower than when a...
Inflation Will Soar Past Fed’s 2% Target: Buy This Before It Happens
It’s been all over the news lately. And U.S. companies are taking note. The mention of this one little word has rocketed up 800% year-over-year in quarterly earnings calls, according to recent research by Bank of America Securities. The word? Inflation. Simply put,...
Honest IPO Preview: A Celebrity-Backed Co. Worth Buying?
Money & Markets Week Ahead for May 2, 2021: Should you invest after The Honest Co. Inc. IPO launches this week? There are more big companies reporting earnings this week, and I deep dive into one in particular: Square Inc. (NYSE: )....
Elon Musk’s Bitcoin Bet Proves One Thing in Today’s Market
Fun fact: Robert Downey Jr. based his Tony Stark (Iron Man) character from the Marvel Comics movies on Elon Musk. This is an eccentric billionaire that has decided to spend his fortune on a bona fide spaceship company, SpaceX. Musk has repeatedly said he wants to...
Michigan’s Cannabis Market Boom; The Flowr Corp. Analysis
In the newest Marijuana Market Update, I discuss two topics: Michigan recently released its cannabis sales figures for March. And they are big. Reader mailbag: Analysis of The Flowr Corp. (OTC: ). Michigan Cannabis Sales a Good Sign for...
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Late Payments Show We Threw Too Much Money at Americans
Every month, the Federal Reserve completes a Survey of Consumer Expectations (SCE). This survey includes data on the level of inflation that consumers expect. Survey questions ask about prices for food, gas, housing and education. The central bank also collects data...
The Problem With Economics Is Easy to See
Harry Truman was a plain-spoken politician. His folksy nature defined his approach to the office. Truman believed the president was responsible for his decisions and kept a sign saying: “The buck stops here” on his desk. Economists don’t have signs like that on their...
April’s Dismal Employment Data Confirms the New Normal
Many analysts were surprised by the recent employment report. Job growth was much slower than expected. CNBC summarized the news by noting that: Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000, and the...
Who’s to Blame for Automakers’ Chip Shortage?
Last week, General Motors reported strong earnings. It could have been an even stronger quarter. The company announced a net income of $3 billion, about 10 times more than it made in the same quarter a year ago. GM could have had a better quarter, but “revenue and...
$1.5T in Excess Savings Burns a Hole in American Pockets
In early 2020, much of the economy shut down. The collapse in economic activity was unprecedented. Governments around the world, and especially in the United States, responded with massive levels of stimulus. Some stimulus programs were targeted and designed to help...
Global K-Shaped Recovery Threatens the U.S.
Before the pandemic, increased globalization seemed to be a certainty. Companies headquartered in the world’s richest countries often produced goods in low-cost countries. As wages rose in those countries, manufacturing often shifted to even lower-cost countries. This...
War Explains Why the COVID Response Will Spark Inflation
COVID-19 led to economic shutdowns around the world. Based on the information available to policymakers, that was a justifiable response. In developed economies, governments sought to prevent hardship from the economic impacts of shutdowns. In the U.S., this included...
A Bitcoin Nest Egg: Should Your IRA Meddle in Crypto?
“Should I buy bitcoin in my IRA?” An old friend asked me that question the other day. But here’s the thing. It’s actually two questions. One is tricky to answer, while the other one is a breeze. I’ll start with the tricky one: Should you buy bitcoin? My answer here...
It’s the Real Estate Wild West: How to Buy a House in This Market
I’m selling my house. I really like the property. It’s in a historic neighborhood with a 1950s neighborly vibe. The streets are lined with beautiful old trees, many of which have tire swings hanging from them. And my kids love playing here. But it’s also just 1,900...
The Great Retirement Debate: Roth IRA vs. Traditional IRA
We have about a month until tax returns are due. It’s time to make those last-minute tax moves. Naturally, one of the best (and easiest) moves to make is to top up your IRA or Roth IRA for the year. For tax year 2020, you can contribute up to $6,000 to an IRA or Roth...
Self-Employed Taxes: Legally Shed Thousands Off Your Bill
Last week I shared some of my favorite ways to take an ax to your tax bill. And the good news, of course, is that we have an extra month to do it. The IRS extended the tax filing deadline to May 17. We’re all obligated to pay income taxes. It is, alas, the price we...
Protect Your Nest Egg: 3 Tax Tips for the Extended Season
You might have seen the news that the federal income tax filing deadline was extended to May 17. If you’re like me — it still feels like mid-January, and I’m wondering where the past two months went — that’s good news. It gives us a little more time to do some...
3 Simple Tips to Become a Humble Investor
Once in a while, I read something that I wish I had said myself. https://twitter.com/BrianFeroldi/status/1368664500849635328 To summarize Brian Feroldi’s tweet, the correction we’ve seen in tech and growth stocks might be finished. Or, for all we know, this may be a...
3 Ways to Invest Your Stimulus Check
Chances are good you’ll get a stimulus check in the coming days. Nearly 160 million Americans can expect checks of up to $1,400 after President Joe Biden signed off on the latest $1.9 trillion COVID-19 relief package recently. I don’t know how much sense the stimulus...