Traders Cautious on Micron, JPMorgan Sees 38% Rise

As earnings season gets underway, investors appear to be taking a more cautious stance towards Micron Technology Inc. (MU) than they have in past earnings announcement lead-ups. Trading in options markets are predicting the typical volatility, but this time around the usual bullishness is lacking. Despite this more unusually neutral stance, JPMorgan believes the microchip manufacturer … Read more

Crypto Exchange Bithumb Hacked, Thieves Steal $30 Million

South Korean cryptocurrency exchange Bithumb has suspended deposits and withdrawals after losing $30 million worth of cryptocurrencies as the result of an apparent hack. The Seoul-based company, once the world’s largest cryptocurrency exchange, on Wednesday announced that $30 million worth of undisclosed cryptocurrencies had been stolen from the platform. It is not clear at what … Read more

Canada becomes second nation in the world to legalize marijuana

Recreational marijuana use will soon be legal in Canada after the Senate passed a “historic” bill on Tuesday with a vote of 52-29. Canada is only the second country in the world — and the first G7 nation — to implement legislation to permit a nationwide marijuana market. In the neighboring US, nine states and … Read more

Stock Market Update for Tuesday, June 19th, 2018

This morning, stocks tumbled after President Donald Trump threatened an all-out trade war with China. The DOW fell more than 400 points, and the S&P lost 1.1% after heavy overnight selling. China’s Shanghai Composite lost 3.8%, dropping to the lowest level in two years. So what happened? Yesterday President Trump announced that the administration will consider tariffs on another $200 billion in Chinese … Read more

Altucher’s Profit Line Alert Review

Profit Line Alert is your opportunity to collect explosive gains week after week using James Altucher’s options trading strategy. Editor James Altucher is an entrepreneur, author, financial writer, venture capitalist, angel investor, podcaster and former hedge fund manager. His book The Choose Yourself Guide to Wealth is a Wall Street Journal best-seller. Outside of Choose … Read more

Biweekly Strategy Webinar Q&A | John Thomas – The Mad Hedge Fund Trader

Below please find subscribers’ Q&A for the Mad Hedge Fund Trader June 6 Global Strategy Webinar . As usual, every asset class long and short was covered. You are certainly an inquisitive lot, and keep those questions coming! Q: What does the coming Kim Jong-Un summit with North Korea mean for the market? A: It means absolutely nothing for the market. … Read more