Today, I want to share one of the most important charts I reviewed this weekend.  It’s a daily chart of Lyft (NASDAQ: LYFT). And yes, it includes relatively little information. But the story that small amount of information tells is big.  That’s because, just 10 days after the first trade, the stock fell as much as 20% below its offering price. Take a look… As Lyft was falling, its rival Uber announced plans to begin trading at a valuation of $90 billion to $100 billion. That seems steep for a company that’s yet to earn a profit on operations, but… Read More

Today, I want to share one of the most important charts I reviewed this weekend.  It’s a daily chart of Lyft (NASDAQ: LYFT). And yes, it includes relatively little information. But the story that small amount of information tells is big.  That’s because, just 10 days after the first trade, the stock fell as much as 20% below its offering price. Take a look… As Lyft was falling, its rival Uber announced plans to begin trading at a valuation of $90 billion to $100 billion. That seems steep for a company that’s yet to earn a profit on operations, but it’s well below the $120 billion the company expected to be valued at as recently as November.  These two stories indicate that investors are wary about the rush of initial public offerings (IPOs), which can be a sign of a market top, as I wrote about a few weeks ago.  #-ad_banner-#You might remember that I shared research from the paper “Using IPOs to Identify Sector Opportunities” by Kevin Lapham that showed IPOs can point to tops in sectors. Lyft, Uber, and other IPOs are being classified as “tech stocks,” and that indicates it’s time to closely follow the NASADQ 100… Read More

Ask the average investor to name their favorite dividend-paying stock, and you normally get responses such as AT&T (NYSE: T), Pfizer (NYSE: PFE) and Procter & Gamble (NYSE: PG).  I won’t quibble with any of those names. These are time-tested businesses with above-average payouts that have served investors well over the years. They are also well-known and widely-held. You’ll find them in most dividend-oriented mutual funds and exchange-traded funds (ETFs).  —Recommended Link— This Could Create An Enormous Wave Of Wealth If you’ve been looking for a way to make money from the booming legal marijuana… Read More

Ask the average investor to name their favorite dividend-paying stock, and you normally get responses such as AT&T (NYSE: T), Pfizer (NYSE: PFE) and Procter & Gamble (NYSE: PG).  I won’t quibble with any of those names. These are time-tested businesses with above-average payouts that have served investors well over the years. They are also well-known and widely-held. You’ll find them in most dividend-oriented mutual funds and exchange-traded funds (ETFs).  —Recommended Link— This Could Create An Enormous Wave Of Wealth If you’ve been looking for a way to make money from the booming legal marijuana market. but don’t want to roll the dice on a penny stock or figure out how to buy shares of a grower on some Canadian exchange. there’s good news. We’ve discovered a unique marijuana profit-sharing plan that’s paying a small group of regular people up to $55,563 a year. Learn more here. Take T. Rowe Price Equity Income (PRFDX), one of the best large-cap value funds around (full disclosure, I hold it in my 401(K) account). The fund is sitting on 2.9 million shares of AT&T and 8.9 million shares of Pfizer. Those stakes are worth $93… Read More

The world of subscriptions keeps growing and developing. In entertainment, the massive success of the streaming music, video, and video-game applications pushes others to innovate. (Deloitte estimates that the number of streaming music subscriptions alone now exceeds 150 million.) The New York Mets, for example, recently announced a new subscription-based program of their own. For a flat fee of $39 per month, subscribers can get standing-room-only tickets to nearly every regular season home game, even at the last minute.  Many other types of businesses are also benefitting from the trend, thanks to technological advancements (and, in many cases, with the… Read More

The world of subscriptions keeps growing and developing. In entertainment, the massive success of the streaming music, video, and video-game applications pushes others to innovate. (Deloitte estimates that the number of streaming music subscriptions alone now exceeds 150 million.) The New York Mets, for example, recently announced a new subscription-based program of their own. For a flat fee of $39 per month, subscribers can get standing-room-only tickets to nearly every regular season home game, even at the last minute.  Many other types of businesses are also benefitting from the trend, thanks to technological advancements (and, in many cases, with the help of our newest recommendation over at my premium newsletter, Fast-Track Millionaire).  #-ad_banner-#​Smartsheet (Nasdaq: SMAR) is a great example. Founded in 2005 and headquartered in Bellevue, Washington, Smartsheet is a Fast-Track Millionaire holding that provides cloud-based platforms and software that enable companies to overview, plan, manage, automate, and execute tasks and projects. Subscriptions start at $14 per user per month. With an enticing business model in a high-growth area, it’s no wonder then that we’ve already made more than 21% on the stock since the end of January.  Of course, Microsoft (Nasdaq: MSFT) was one of the first companies to… Read More

The first thing you learn in finance class is that the markets are efficient, meaning that asset prices fully reflect all available information.  This is a simple concept to understand, and it also helps investors read the tea leaves when it comes to the market action: stocks are discounting all available information at any time. Rallies and selloffs, while hard to predict and impossible to time, are just that — the reflections of the market’s ongoing optimism or improving outlook (which underlie the rallies) and deteriorating conditions (which drive the selloffs).  The market is also a great forward-looking mechanism. Because… Read More

The first thing you learn in finance class is that the markets are efficient, meaning that asset prices fully reflect all available information.  This is a simple concept to understand, and it also helps investors read the tea leaves when it comes to the market action: stocks are discounting all available information at any time. Rallies and selloffs, while hard to predict and impossible to time, are just that — the reflections of the market’s ongoing optimism or improving outlook (which underlie the rallies) and deteriorating conditions (which drive the selloffs).  The market is also a great forward-looking mechanism. Because it does reflect all the available information at any time, a rallying market by itself is often a bullish indicator. This is what we have today — not only a more expensive market than a few months ago, but a market that just won’t stop.  —Recommended Link— If you’re over 18 years old, you can’t be turned down for this program A simple membership form – one that takes 90 seconds or less to fill out – is all it takes to join a plan that pays out up to $12,040 a year in bonus… Read More

It’s the longest-tenured fund holding in my High-Yield Investing premium portfolio… and for good reason.  After all, most investors probably don’t associate 7% yields with safety — much less outperformance. But with the John Hancock Premium Dividend (NYSE: PDT) fund, you get all that and more.   After a rare down year in 2018, PDT is once again at the top of the charts in 2019. It has delivered a return of 21.6% so far, doubling its category average — and scoring in the top 1% of its peer group. Launched by John Hancock in 1989, this closed-end fund targets dividend-paying… Read More

It’s the longest-tenured fund holding in my High-Yield Investing premium portfolio… and for good reason.  After all, most investors probably don’t associate 7% yields with safety — much less outperformance. But with the John Hancock Premium Dividend (NYSE: PDT) fund, you get all that and more.   After a rare down year in 2018, PDT is once again at the top of the charts in 2019. It has delivered a return of 21.6% so far, doubling its category average — and scoring in the top 1% of its peer group. Launched by John Hancock in 1989, this closed-end fund targets dividend-paying preferred and common stock. There are more than 100 securities in the portfolio issued by cash generators such as Verizon (NYSE: VZ) and Kinder Morgan (NYSE: KMI). But the biggest weighting goes to utilities and financial firms, which occupy nearly 80% of assets. If a utility sector fund and preferred stock fund had an offspring, it would look a lot like PDT. #-ad_banner-#Since preferred stocks are primarily issued by banks, brokerage firms and insurance companies, it’s no surprise that the portfolio is dominated by names such as Morgan Stanley, Capital One and Prudential. The heavy concentration in regulated power… Read More

On a chart of the S&P 500 Index, the 2,800 level is becoming increasingly important. This level served as resistance for months — and now it’s support.  For those who are unfamiliar, resistance is a price level where selling pressure is expected to increase.  —Recommended Link— I’ve Never Been More Excited About An Opportunity Pot stocks are dominating the headlines. But I’m not biting. Because I’ve found a safer, smarter way to make money from the legal marijuana market. It’s a unique profit-sharing plan that’s allowing everyday Americans to earn up to $55,563 a year. Read More

On a chart of the S&P 500 Index, the 2,800 level is becoming increasingly important. This level served as resistance for months — and now it’s support.  For those who are unfamiliar, resistance is a price level where selling pressure is expected to increase.  —Recommended Link— I’ve Never Been More Excited About An Opportunity Pot stocks are dominating the headlines. But I’m not biting. Because I’ve found a safer, smarter way to make money from the legal marijuana market. It’s a unique profit-sharing plan that’s allowing everyday Americans to earn up to $55,563 a year. And the payouts are 100% backed by a U.S. Federal Law. The next check run is just days away. Get the full details here now.   As an example, we can look at how traders could have been thinking about the market in December 2018.  Back in December, as prices moved toward 2,800, nervous traders would have noticed that rallies had stopped at that level twice in the weeks prior. They may have decided that, if prices reached that level again, they would sell. Aggressive traders might have decided they would open short positions at that… Read More