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Trading Ideas

SAFE Banking Act of 2019 Passes House

It was a landmark week for U.S. cannabis!
Back in March, the Secure and Fair Enforcement (SAFE) Banking Act made history by passing the House Financial Services Committee. It was the first cannabis reform legislation to ever do so!
And, as I wrote last week, House Majority Leader Steny Hoyer (D-Md.) told legislators to prepare for a floor vote on the cannabis banking reform bill. That made it the first piece of marijuana reform legislation to earn that distinction.
More importantly, though, the SAFE Banking Act got the two-thirds majority it needed to pass in the House!
There were 321 “ayes” to a mere …read more […]

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Business News

Forever 21 closing stores in bankruptcy filing shows limits to fast fashion

Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Inc and the changing fashion trends dictated by millennial shoppers.

…read more […]

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Trading Ideas

Stock Market Fear… and How to Get Over It

Many people shy away from investing because they don’t understand how the stock market works and are afraid of its volatility.
Today, Alexander Green shares why owning stocks is the single best way to build wealth and how asset allocation reduces your risk – and fears.

Over the last few columns, I’ve discussed the many advantages of equity ownership.
Not only are stocks easy to buy and inexpensive to trade, but no other asset class – not cash, bonds, real estate or gold – has generated long-term returns that come close.
So why do fewer Americans own stocks now than before the Great Recession?
One …read more […]

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Trading Ideas

Apple Stock (Nasdaq: AAPL) – Why You Should be Cautious

Wall Street is pessimistic on Apple stock (NASDAQ: AAPL), by and large. And there are good reasons to be fearful about the tech stock giant.
One, of course, is the signature trade war with China instituted by President Trump. But this is hardly a problem unique to Apple.
Many companies, some listed on the Dow Jones, and many components of the S&P 500, are affected by the much-criticized American economic policy.

Apple Stock (Nasdaq AAPL) – Not So Shiny
Meanwhile, the average selling price of the iPhone, Apple Inc.’s signature product, may very well see a decline in fiscal year 2020. That’s because …read more […]