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Good Tuesday Friend, It seems like we are heading back up... But are we safe already? Many don't seem to think so...
1) The S&P 500 continues to go up even though every bit of economic data coming out is bad... so now the experts are all starting to doubt their own predictions of the worst depression ever... S&P
500 gained 1.47% on Monday, as investors showed optimism in reopening
efforts indicated by more states and countries. The Dow Jones Industrial
Average (+1.51%) and Nasdaq Composite (+1.11%) also advanced more than
1.0%, while the Russell 2000 outperformed with a 4.0% gain. U.S. 2yr
yield rose 2bp to 0.24% and U.S. 10yr yield rose 7bp to 0.67%.
2) Several
countries laid out plans to ease restrictions on businesses that have
been closed due to the Covid-19 outbreak, boosting risk appetite, including Italy,
which has the world's second-highest Covid-19 mortality rate due to a
large elderly population, is among the countries that have laid out
plans to allow businesses to reopen. At least nine U.S. states had their economies partially reopened as of Monday. Italy, France and Spain initiated steps to reopen their economies as well.
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What does this mean for us?
In my opinion as I have mentioned in my previous emails, the technology sector and healthcare sector is still leading the recovery and pulling the S&P500 up.
Companies like Johnson & Johnson, Microsoft, the FAANG (Facebook, Amazon, Apple, Netflix and Google) are all surging ahead... seemingly unaffected by the corona virus pandemic...
True, all their share prices dropped last month along with everything else because of widespread panic ... but now that the Fed and almost every central bank on the planet has stepped up their stimulus to print unlimited money ... the panic seems to have subsided...
And even though many still talk about the doomsday scenario... you know what the big boys are secretly all doing...
"Buying up cheap and great stocks!"
This week's stock pick is "Domino's Pizza (NYSE: DPZ)".
Even in a pandemic, you gotta eat....
And since the beginnings of the United States Of America, PIZZA has been a staple food daily for all Americans...
The best thing is, almost everyone thinks of one brand name when they need to call for pizza delivery... and that's DOMINO's PIZZA.
Just look at the share price and you will simply taste my enthusiasm.
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And stay tuned to my weekly newsletter as I keep you updated on the latest
developments and opportunities for us to profit hugely from this global
crisis...
Also, I have started a new
TELEGRAM channel where you can receive instant updates on your phone via
the TELEGRAM APP, go sign up for it here if you have not done so
already,
(Make sure you download the APP to your phone and join my channel "DennisBayWay" on Telegram)
If
you will like to get exclusive access to my personal stock picks and
financial market trade opportunities, or know someone who might be
interested in these updates, feel free to share my "Global Investors Weekly" newsletter to them with this link,
Contact me to find out how you can get started... this window of opportunity is not going to last forever!
To Your Wealth, Freedom & Success!
Your Friend
Dennis Bay |
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