Wednesday, May 12, 2021

Gig Economy Stocks are Tanking… Are Any a Buy?

 
May 12, 2021
 
Smash Dividends With This Secret
What should traders do when stocks aren't going up?

Back in the 90s, people used to think the only way to rip cash out of the market during flat periods was dividends...

And many still believe that…

But what if there was a way to make 30%, 50%, even double the investment when the markets don't even move?

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Check This Out
 
Nonfarm Payrolls for April Say the Economy Is in Trouble
I was originally going to do this video on something completely different… until I saw the horrific number for nonfarm payrolls in April.

Nonfarm payrolls measure how many workers are in the U.S. — excluding farm workers, some government workers, private households, proprietors and nonprofit employees.

Guys, there was supposed to be a million new jobs created in April in the U.S.

Instead, we got jobless claims this morning that totaled 498,000 and hiring was almost nonexistent in April. The nonfarm payrolls ended up being 266,000 and the unemployment rate rose to 6.1% due to there not being enough workers available.

These are professional economists that were expecting jobs numbers to be a million in hopes the U.S. economy was working its way back to life.
How Could They Be So Wrong?
 
Gig Economy Stocks are Tanking. Are Any a Buy at Discounted Levels?
We've touched on a variety of topics the past couple of weeks… Today I'd like to discuss the sinking gig economy stocks… and whether any are a buy at these heavily discounted levels.

The recent big news is people want to change how gig economy workers are classified, and for them to become employees…

Both Uber and Lyft have crashed far below their 50-day moving averages and could easily fall to their 200-day MAs. Investors are selling these stocks because they just don't know what's going to happen.

And what does the market hate? Uncertainty!
Are There Profits in the Gig Economy Meltdown?
 
"I want to say thank you for breaking this down into what I call users English… makes it much easier to understand. As you put it I want to show you how to make LOTS OF MONEY in the stock market and that is it. I like to keep things simple and that is how you are laying it out. Cheers,"

Bill M.
A Buy Stop order instructs a broker to purchase a security when it hits a strike price that is higher than the current spot price. Once the price hits that strike, the buy stop becomes a market order, fillable at the next available price. The buy stop order can serve a variety of purposes with the underlying assumption that a share price that climbs to a certain height will continue to rise.



 
 
 
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