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3 Stocks Under $10 to Buy Right Now – Dev

Posted: 10 Jun 2019 03:33 AM PDT

 

In the first quarter of 2019, the S&P 500 got off to its best start in more than two decades.­

However, this simple truth still remains: If you're not invested in the right stocks, you're not making any money.

It might sound harsh, but there's no better way to put it.

So, after this blazing start to the year, which stocks are in the best position to make an absolute killing moving forward?

Easy.

Take a look below at the three stocks we believe will outperform the market and give investors the chance to pull in some serious profits.

Stock No. 1 – "Canada's Gold King"

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These guys might be from Canada, but they have their hands in major precious metals projects all over the globe.

One of these projects includes one of the biggest gold mines in the United States – a mine that currently holds 3 million ounces of gold.

Of course, for a while, gold prices were down and nobody wanted to touch investments like these…

Which has created the perfect storm for us today. You see, gold prices are well above what they were just a few months ago, and demand continues to soar.

As ICMB Tokyo branch manager, Yuichi Ikemizu, says, "Investors are pouring their money into the safe haven of gold."

And one overlooked company, "Canada's Gold King," is primed to skyrocket thanks to their heavy involvement in the precious metal.

Thing is, stocks like this shoot off fast.

So check out the free report on this cheap (for now) stock right here.

Stock No. 3 – "A Pure American Oil Play"

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The American oil industry is blowing up thanks to huge production coming out of the Permian Basin.

And one of the major players is an overlooked company that trades for pennies compared to what it should trade for…

Which makes it a mouth-water acquisition target for all of the world's biggest oil companies.

Just recently, Anadarko was bought out by Chevron. And shareholders watched as the stock immediately jumped from around $40 to more than $60… literally overnight.

But even if this tiny company isn't acquired by "Big Oil," shares of its stock stand to run thanks to its powerful ties to one of the hottest oil locations in the world.

Click here to learn more before this stock goes vertical.

Overall, it's pretty simple. Buy the right stocks, and you'll have the opportunity to make money hand over fist.

And the three companies we just outlined are the perfect chance to do just that.

Even better, all the information we outlined above is 100% FREE.

All you have to do is join our Trading Tips newsletter (which is free), and you'll receive a comprehensive report on all the companies I just showed you.

The report is called: 3 Stocks to Buy Under $10 Right Now

Not only that, but our newsletter will be your portal to an endless stream of the most explosive stock opportunities on the planet.

I'm talking about potential profit windfalls like:

  • 5 Stocks to Double in 2019
  • The Miracle $7 Metal Superstock
  • Warren Buffett's Top 5 Picks to Buy Now

And that's just the start. Like I say, all you have to do is join our mailing list for free, and you'll have unlimited access to our continual reports on the hottest stocks the market has to offer.

It could be the best financial decision you'll ever make. And it's 100% FREE.

Simply enter your email below, and I'll get your free report sent out right away.

Unusual Options Activity: Altice USA (ATUS)

Posted: 10 Jun 2019 03:00 AM PDT

Cable and internet provider shares see a surge in call option buying.

At least one trader is betting on a big rally in Altice USA (ATUS) between now and September.

On Friday, over 2,500 contracts traded on a September $26 call option for the company. With a prior open interest of 120, this represents a massive surge in volume. Shares currently trade around $24.50, implying at least $1.50 in upside over the summer.

Based out of Long Island, Altice operates broadband and video communication services in the United States under the brands Cablevision and Cequel. It has approximately 4.9 million subscribers. The company recently concluded a buyout of Cheddar, to increase its offerings in global news across its various formats.

With a market cap of less than $17 billion, the bet may be based on the prospect of a continued bounce in the market, or on a potential buyout by another cable company such as Comcast. Shares are near a 52-week and all-time high, after trading as low as $15 in the past year.

Action to take: Let this one go. With shares already trading near an all-time high, and with a history of sometimes missing earnings, there are better bets in the cable space—including options that pay a dividend, such as the aforementioned Comcast.

Gold Prices Surge to Multi-Month Highs

Posted: 10 Jun 2019 03:00 AM PDT

After lagging year to date, the metal surges higher as Fed actions indicate weak economy.

Thanks to a combination of economic and trade uncertainty, potential weakness in the U.S. dollar, a dovish Fed, and moderate inflation, gold prices have been heading higher in recent weeks.

Gold prices closed last week over $1,340 per ounce, managing to hold their gains during a strong week of stock market performance.

With rising expectations for the Fed to now cut interest rates later in the year, gold prices may rally further on perceived economic weakness.

Gold prices peaked in 2011 over $1,900 per ounce on fears of potential inflation and a quick return to the Great Recession of 2007-2009. When that failed to materialize, prices plummeted. Since early 2016, however, when gold got as low as $1,050, prices have trended higher towards the $1,350 range they are at today.

Action to take: Gold works as a hedge against market fears, political uncertainty, and unexpected bouts of inflation. As such, it always serves a role in any portfolio for diversification and hedging purposes.

Acquiring and storing physical gold has a cost to it above the mere price of the metal, so traders may want to look at the SPDR Gold ETF, GLD, up to $130.00. GLD is designed to track the price of gold, but investors will not have access to the physical metal itself.

Jobs Numbers Come in Weaker than Expected

Posted: 10 Jun 2019 03:00 AM PDT

75,000 jobs created in May lags expectations, but unemployment is still unchanged at 3.6 percent.

Despite stronger jobs numbers from private data sources, the Bureau of Labor Statistics released jobs numbers on Friday. With an increase of 75,000 non-farm payrolls, the unemployment rate remains 3.6 percent.

Traders had been betting on a larger number, but now an unusual situation exists in the job market. If the numbers are too good, the likelihood of an interest rate cut later in the year drops.

While any one monthly report is just a data point, the trend of the past few months shows a slowdown in job growth.

With the economy already running at full employment, however, this slowdown may be normal. Fierce competition for jobs could lead to larger wage growth if the economy is strong.

Other indicators, such as the labor force participation rate, which measures the percentage of potential employees looking for work, will also be a key indicator to watch going forward.

Looking at all these factors, the market shrugged off the lower growth and closed the week higher for a fourth day in a row. Strong corporate earnings and an increased likelihood of the Fed stepping in to boost the economy should it slow, contributed to the rally in spite of the weaker-than-expected jobs numbers.

Insider Activity: Encana (ECA)

Posted: 10 Jun 2019 03:00 AM PDT

One director buys over $250,000 in shares.

One director is betting that shares of oil and natural gas production company Encana (ECA) have gotten oversold.

Last week, director Bruce Waterman picked up 50,000 shares of the company for just over $5.00 per share, shelling out over $253,000. The purchase increased his stake in shares by 25 percent.

Shares of the company have been declining in recent weeks, in line with falling oil prices.

Shares of Encana have been more out of favor than other energy stocks lately due to its acquisition of Newfield Exploration earlier in the year.

Large acquisitions tend to lead to a situation where a company sees little share price movement until after the merger has been completed for a few quarters and new operating data for the larger company is available. With the trade war uncertainty and falling oil prices, however, shares have been hit hard instead.

Action to take: As a commodity producer, investors should never overpay. In the case of Encana, there looks like a good value here, with shares trading under 8 times earnings and even paying a modest 1.5 percent dividend yield. Speculators could look at the January 2020 $6 calls to bet on a bounce in share prices (or oil prices) over the summer—shares have traded as high as $14 in the past year, so this option trade could result in triple-digit gains.
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