I thought it was a mistake... I wasn't expecting to see these ticker symbols make it through my system's strict criteria (especially in today's environment). So, I double-checked that my Maximum Profit system had in fact updated correctly. It had. Read More
Jimmy Butts is the Chief Investment Strategist for Maximum Profit and Capital Wealth Letter, and a regular contributor to StreetAuthority Insider. Prior to joining StreetAuthority, Jimmy came from the financial services and banking industry where he worked as a Financial Advisor. There he specialized in providing customized retirement solutions for individuals. Jimmy graduated from Boise State University with a degree in business administration and finance. He also spent multiple years studying language, international business and finance in both Germany and Buenos Aires, Argentina. At one point he held his series 6, 63, 65 and 26 securities licenses. When he's not combing through financial statements or reading about finance, Jimmy enjoys being outdoors.
Analyst Articles
Is It Time To Take A Chance On Retail?
May 27, 2020
The stock market is truly bizarre. Think about this… In the first quarter of the year, gross domestic product (GDP) contracted roughly 5%. The unemployment rate is currently 14.7%. Our national debt is more than $24 trillion and climbing. Yet, since March 23, the S&P 500 is up 30% and only about 11% off record highs… And here’s the thing, the numbers aren’t expected to get any better. The Federal Reserve thinks that GDP could shrink by an annualized 30% in the second quarter, and the unemployment rate could jump as high as 20%-25%. Retail Is In The Trash Bin… Read More
The stock market is truly bizarre. Think about this… In the first quarter of the year, gross domestic product (GDP) contracted roughly 5%. The unemployment rate is currently 14.7%. Our national debt is more than $24 trillion and climbing. Yet, since March 23, the S&P 500 is up 30% and only about 11% off record highs… And here’s the thing, the numbers aren’t expected to get any better. The Federal Reserve thinks that GDP could shrink by an annualized 30% in the second quarter, and the unemployment rate could jump as high as 20%-25%. Retail Is In The Trash Bin To exacerbate things, on Friday, May 15, the retail numbers showed just how bad things have been for many retailers. The April report showed that on a month-over-month basis (comparing April 2020 with March 2020), retail sales plummeted more than 16%. For comparison, the greatest month-to-month drop-off during the 2008 financial crisis was 4%. On a year-over-year basis, April sales fell 22%. Diving deeper into retail segments, clothing and clothing accessories were hit the hardest (down 89% year-over-year), next was furniture stores (down 67%), and finally department stores (down 47%). While investors had been bracing for a… Read More
Sea Limited Surges Past Our 50% Target Price
May 26, 2020
Shares of gaming and ecommerce company, Sea Limited (NYSE: SE) are up more than 3.5% this morning and have surged past our 50% target price of $82.17. That means it’s time to pull one-third of our profits off the table, leaving us with our “Runner” which we will hold until… Read More
In just two trading days since adding Cardlytics (Nasdaq: CDLX) to our portfolio, shares have already surged 25%, hitting our first profit target price of $68.99. There’s no real news as to why shares have jumped roughly 20% today, but we’ll take it. If you haven’t done so already, it’s… Read More
Sea Limited (NYSE: SE) released first quarter results this morning, Monday, May 18. Total adjusted revenue came in at $914 million, a stellar 58% increase over the same period a year ago. Gross profit came in at nearly $207 million, which was a massive 424% year-over-year jump. Shares surged roughly… Read More
The S&P 500 has rallied roughly 30% off its March 23 lows and is only about 13% off its all-time highs made in February. Yet the sentiment among investors isn't euphoria, as if the bull market is back, but a sense of confusion. Many folks feel like they've missed the boat on the market's recent rally... Read More
Special Alert Shares of DocuSign (Nasdaq: DOCU) have surged past our 50% price target of $119.55. That means it’s time to pull another third of our shares off the table. As a refresher, we booked gains on one-third of shares when the stock hit our first… Read More
Most of the top video game stocks have reached new 52-week highs recently. But there's still plenty of room to run for long-term investors... Read More
Most of the top video game stocks have reached new 52-week highs recently. But there's still plenty of room to run for long-term investors... Read More
I’m Buying The ‘Amazon’ Of Southeast Asia
May 1, 2020
My wife hates it. And my one-year-old tosses the discs around the room like frisbees. My gaming console -- Xbox -- hasn't been used for gaming purposes in years. But I have a lot of friends who still enjoy playing the latest iteration of Tom Clancy's Call of Duty, FIFA soccer, or Madden NFL. I also keep close tabs on the gaming industry for a number of reasons... Read More
Why Small-Caps Are Worth A Look Right Now
April 30, 2020
During this latest bear market, we saw small-cap stocks fall harder and faster than the overall market. But if history is any guide, many of these stocks could quickly climb back to new highs. Read More
During this latest bear market, we saw small-cap stocks fall harder and faster than the overall market. But if history is any guide, many of these stocks could quickly climb back to new highs. Read More