July Power Stock Dodges Sell-off, Rips Higher

Check out Stock Power Daily for more stocks like this. [Turn Your Images On] Stock Power Daily [July Power Stock Dodges Sell-off — Steel Distributor’s 19% Rise Is Just the Start]( --------------------------------------------------------------- Managing Editor’s Note: If you aren’t checking out our Stock Power Daily each weekday morning, you’re missing out! Matt highlighted a steel distributor back in July that has weathered the market storm and ripped higher. It’s up almost 20% since he talked about it. The S&P 500 has traded flat in the same time frame. Keep reading to see why this “Strong Bullish” Power Stock is still a buy. — Chad Stone, managing editor, Money & Markets --------------------------------------------------------------- [Turn Your Images On] [Matt Clark, Research Analyst]( I was impressed every time I entered the BMW manufacturing facility in South Carolina. The speed of the line… The integration of robots with humans… The steel and aluminum. The company used massive amounts of metal sheets and rolls to build its X model SUVs. [Turn Your Images On] The chart above shows the size of the steel market for aerospace and auto. From 2021 to 2027, the market value will rise 37.1%! If the steel market for those two industries is rising, you can bet that’s the case in sectors such construction, heavy equipment and oil and gas. [That’s great news for this steel stock I highlighted in July.]( [Turn Your Images On]( Suggested Stories: [MATANA, Really?! The Dumbest Financial Advice I’ve Ever Heard]( [Reached for Yield and Got Burned: 3 Rules to Avoid My Mistake]( --------------------------------------------------------------- FROM OUR PARTNERS [America’s No. 1 Favorite Investment (Is Robbing You Blind)]( “$20 trillion in U.S. household wealth is invested in a total scam.” Those are the words of retired Lt. Col. Michael J. Carr, U.S. Air Force, CMT, CFTe. I didn’t want to believe it at first … but once he showed me the evidence, I couldn’t dispute it. [Every American with retirement savings should watch this video.]( --------------------------------------------------------------- Marijuana Market Update [Cannabis Value Stocks Worth a Look: Viewer Q&A]( [By: Matt Clark, Research Analyst]( In this week’s Marijuana Market Update, I discuss cannabis value stocks. A viewer of mine, Thomas, emailed me at Feedback@MoneyandMarkets.com and asked: I know part of your Cannabis Power Ratings system focuses on value, but there aren’t many cannabis stocks you can consider value. Can you tell me if there are any strong cannabis value stocks? — Thomas. Thanks for your email, Thomas. First we’ll take a wider view of our Money & Markets Cannabis Index. Then we’ll zoom in to August for a closer look at cannabis value stocks and find an answer. [Let’s get started.]( [Turn Your Images On]( Suggested Stories: [I’m Not Inviting THIS Guy to My Next Dinner Party]( [High-Value Air Cargo Power Stock Delivers Huge Gains — Buy Now!]( --------------------------------------------------------------- FROM OUR PARTNERS [EV Hesitation Resolved by the “Forever Battery”]( Gas prices are hitting us all where it hurts — our wallets. But there’s still hesitation to buy electric vehicles. One tiny company’s breakthrough battery tech will knock out all those hesitations. A 15-minute charge could soon take you 1,000 miles. We call it the “Forever Battery” — getting in early could mean huge profits. [Click here to see how you could take advantage.]( --------------------------------------------------------------- Chart of the Day [Bitcoin Support and Resistance Data Waves Red Flag for Investors]( [Turn Your Images On] [Amber Hestla, Senior Analyst, True Options Masters]( Supply and demand determine market prices. Analysts look for clues as to which factor is more important. Chart patterns work well in describing these clues. The patterns help analysts find support and resistance levels through visual analysis. [See what this chart pattern is showing for bitcoin.]( [Turn Your Images On]( Suggested Stories: [Why Investors Should Worry About the Fed’s Balance Sheet Reversal]( [Investing Lessons From My Tumble Down the Stairs]( --------------------------------------------------------------- [Turn Your Images On] 1998: Special prosecutor Kenneth W. Starr released the report of his investigation of U.S. President Bill Clinton in the Whitewater affair. Its revelations included a bombshell report of an inappropriate relationship between the president and an intern, Monica Lewinsky. The House of Representatives later drafted two articles of impeachment for perjury and obstruction of justice. In 1999, the Senate acquitted President Clinton of the charges. Privacy Policy The Money & Markets, P.O. 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