WealthMintr | Resources-old

Trade Concerns Sidetrack Bulls

November 1, 2019 By: Todd Mitchell

U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but this time helped sentiment as the...

Dow and S&P 500 are guaranteed to rise at least another 5% in the next 2 months — if this 70-year-old pattern holds

October 31, 2019 By: Todd Mitchell

It’s the last day of October for stocks and the markets have enjoyed an anxiety-ridden climb toward all-time highs, but if this statistical trend for equity benchmarks holds up, there is much more room to run.Dow Jones Data Group data going back to 1950 indicates that when the Dow Jones Industrial Average and the S&P 500 index are up as sizably at the end of October as they are now,...

These stocks were big winners when the Fed jolted the economy with three rate cuts in the ’90s

By: Todd Mitchell

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Chart of Day… Beyond Meat

October 30, 2019 By: Todd Mitchell

Keep an eye on Johnson & Johnson (JNJ). One of my favorite ways to make money is by waiting on excessive fear. Look at Johnson & Johnson (JNJ) for example. In October 2019, the stock began to plunge out of the sky. Investors feared the worst. All after the company recalled a single lot of Johnson’s Baby Powder. In fact, according to the company’s press...