Amazon Falls, Robinhood Tanks: Is the Growth Stock Rally Over?
In one day, $110 billion was erased from Amazon.com (Nasdaq: AMZN)’s market cap following a less-than-stellar earnings report. Just before that, Robinhood (Nasdaq: HOOD) had the worst debut ever for an initial public offering (IPO) of its size.
So … is the party over for growth stocks?
Today, Ted and Clint look at the evidence and tell you what you could expect.
Ted reveals an investment the financial press often overlooks, even though it’s perfect for this kind of market. He also shares four of his favorite ticker symbols to keep you profiting.
Before we get to today’s video though, we have an exciting announcement: This Friday, August 6 at 2 p.m. ET, Ted will be hosting his first-ever YouTube live event. Set a reminder to tune in on Friday. We can’t wait to see you there and hear your questions!
At the Mercy of Massive Moneymakers
When a top-tier company such as Amazon loses $110 billion — the equivalent of a CVS Health (NYSE: CVS) — it drags the entire Nasdaq down with it.
We’re at the mercy of these massive moneymakers.
But, there’s a way to take back some control: finding solid, reliable, income-producing investments. It’s what we’re focusing on right now in The Bauman Letter … with great success, I might add.
Watch today’s installment of Your Money Matters to also find out:
- How bad Robinhood’s IPO debut was in comparison to others we’ve seen. Was it really the worst?
- Why investors were so upset with Amazon’s quarterly results, since they weren’t really that bad.
- Ted’s favorite type of investment that doesn’t have as much risk, but generates high returns AND isn’t taxed the same as growth stocks.
- And more.
Click here to watch this week’s video or click on the image below:
P.S. I put Ted on notice this week that he’s not the only one with interesting T-shirts. As usual, things got competitive. Let us know who wore the best one in today’s video.