DOW To 30,000?

Posted on by The INO.com Team

Hello traders everywhere. Luckily for us the old saying "New Year, New Me" doesn't seem to apply to the U.S. market as the DOW surpasses the 25,000 mark for the first time ever and the other major indexes soon followed, posting new records as well. This record breaking move higher was propelled by strong U.S. private jobs numbers that added to a stream of robust economic data from across the world.

President Donald Trump even weighed this morning by proclaiming that his new number for the DOW is 30,000. What do you think? Will the DOW hit 30k before then end of 2018? Or are we due for a major correction?

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "DOW To 30,000?" →

2 Profit Triggers Could Send This Stock Soaring In 2018

Posted on by The INO.com Team

Analysis originally distributed on Decemberber 20, 2017 By: Michael Vodicka of Cannabis Stock Trades

Last week I shared a list of 6 cannabis stocks I expect to profit from the legalization of recreational cannabis in California.

This week I am going to take a deeper dive into one of my favorite stocks from the list.

  • This is a good stock to profit from California
  • It's also a broad play on the US cannabis sector
  • Third-quarter sales were up 86% from last year
  • Shares just spiked into a 52-week high
  • I see plenty more gains ahead.

GrowGeneration (OTC:GRWG) is a US cannabis company headquartered in Denver, Colorado.

Shares are traded in US, OTC markets under the ticker symbol GRWG.

GrowGeneration owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 13 stores, which includes 9 locations in Colorado, 2 locations in California, 1 in Las Vegas and 1 location in Seattle.

GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. Continue reading "2 Profit Triggers Could Send This Stock Soaring In 2018" →

Gold's Strong Move Continues Into 2018

Posted on by The INO.com Team

Hello traders everywhere. Gold hit its highest levels since late September on Tuesday, extending a year-end rally that saw the metal rise 6.3% in the last three weeks of 2017. An early morning drop by the Dollar helped drive gold prices above $1,315 an ounce in early trading.

The weaker dollar, which posted its most significant annual drop since 2003 last year, helped to lift gold by more than 11% in 2017. The metal surged $78 an ounce over the last three weeks of the year alone.

MarketClub's Mid-day Market Report

After ending the year on a down note, falling from an all-time high above $19,000, Bitcoin is fighting back this afternoon after opening the year lower on Monday and is currently trading up 3% on the day trading at the $13,800 level.

Key levels to watch this week: Continue reading "Gold's Strong Move Continues Into 2018" →

New Tax Laws Could Mean a Boom for Stock Buy-Back ETF’s

Posted on by Matt Thalman

Matt Thalman - INO.com Contributor - ETFs


Now that the Senate has passed a tax bill and President Trump has signed off on it, investors should get ready for a few significant changes that are likely to begin happening. While the bill has been touted as a way to boost the economy and help the middle class, some economists disagree; mainly on the idea that if corporations have a lower tax bill, they will higher more workers and pay their current employee’s more money.

History has shown that when repatriated money comes back to US soil, it is largely used for share buybacks. In 2004 there was a one-time tax holiday when repatriation of foreign earnings was brought back home and taxed at a rate of 5.25%, not the usual 35%.

In 2004 fifteen companies brought back $155 billion, of the total $312 billion. Those 15 companies increased their share repurchases by 38% between 2005 and 2006. There was a clear correlation between share buybacks increasing the repatriation of overseas cash. Continue reading "New Tax Laws Could Mean a Boom for Stock Buy-Back ETF’s" →