April 26, 2017

OUR CALL ON THIS STEEL STOCK PROVES SPOT ON, UNITED STATES STEEL FALLS OVER $6, TAKE PROFITS AND EXIT THE SHORT POSITION $X

OUR CALL ON THIS STEEL STOCK PROVES SPOT ON, UNITED STATES STEEL FALLS OVER $6, TAKE PROFITS AND EXIT THE SHORT POSITION $X

This post was just published on ZYX Short Sell Change Alert.

Our call on this steel stock has proven spot on.  Early this year United States Steel Corporation (X ) was heralded as the best trade. When we were shorting as high as $40.38, every Wall Street bank was in love with this stock and most gurus were heavily promoting it to buy.  We were alone in short selling. Now the stock is trading at $24.32 as of this writing.  Our target all along has been in this neighborhood.

We did manage the risk by scaling in at various prices and also taking partial profits along the way. 

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TRUMP’S TAX PLAN SETS THE STAGE FOR DJIA 30,000 $CAT $MCD $AXP $SPY $BAC $EXPE $FB $INTC $JPM $TMUS

 TRUMP'S TAX PLAN SETS THE STAGE FOR DJIA 30,000 $CAT $MCD $AXP $SPY $BAC $EXPE $FB $INTC $JPM $TMUS

Lower corporate taxes could supercharge the economy and boost company earnings

Investors who have written to me are excited about President Trump’s proposed tax plan. The kicker is that any tax relief would come on top of good company earnings (so far) this earnings season.

I’ve been asked for an optimistic long-term target for the U.S. stock market. So here it is: Dow DJIA,  30,000 in five years. However, investors are well-advised to review all scenarios, not only the optimistic one.

The Trump tax plan

Trump is expected to unveil basic principles of his tax plan Wednesday. He wants to cut the corporate tax rate to 15% from the current 35%.

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AI is power hungry. Investors will make a fortune from nuclear power for AI.
Get the list of 12 nuclear power stocks to grab your share of the profits.

AI is power hungry. Investors will make a fortune from nuclear power for AI.

Get the list of 12 nuclear power stocks to grab your share of the profits.

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