Archive for April, 2018

The Truth Behind Why I’m Boycotting Stocks

1 | By Shah Gilani

I’m about to say something that may shock you.

Now, I don’t want you to make any assumptions after you read this statement. You’re going to jump to conclusions, but try not to.

Here it is: I’m done with stocks.

Done with ’em. Actually, I’m boycotting stocks.

I’ll tell you why. I found something better. Something much more lucrative, easier to understand, something that I can use to potentially make money every single week.

Here’s why I’m saying “NO” to stocks, why I’m fully removing myself from the crooked manipulators that rule Wall Street, and why you should, too

Wells Fargo’s Nightmare Just Got Worse

0 | By Wall Street Insights and Indictments Staff

Another day, another development in Wells Fargo & Co. (NYSE:WFC)’s never-ending string of scandals.

This past Friday, not long after Shah released his article on the high stakes of Wells Fargo’s impending consequences, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency teamed up to fine the bank $1 billion.

The penalty is for the abuses of mortgage and car insurance charges that Wells Fargo force-fed to their customer base, but it’s not the only fine WFC has faced over the past couple of years.

In addition to the new $1 billion, Wells Fargo has agreed to pay $5.4 million for illegally repossessing cars, ordered to pay $3.4 million for selling dangerous investment products, and settled a class action suit for $142 million for wronged customers of their fake account scandal.

At this point, anyone who expects Wells Fargo to save its name and continue its criminal enterprise as they had before is delusional. It’s not a question of whether or not the giant will fall, but how hard.

Here’s how you’ll protect your funds and profit from the fallout

The Man Who’s Been Right All Year Is Back At It Again

0 | By Wall Street Insights and Indictments Staff

The S&P 500, Nasdaq Composite, and the Dow Jones are slowly reclaiming their lost territory from February’s obscene lows. It’s been a gradual climb, but this means that a bull market is on the horizon.

On this week’s episode of Varney & Co., Shah Gilani and host Stuart Varney discuss the impending earnings reports due next week for some of our beloved tech titans. Will scandalous stocks suffer, or will investors choose to buy? And Shah reveals which stock he would buy in the wake of earnings season, and it may surprise you. Click here to watch…

Fitbit is Ready to Swing – And We’re Poised to Profit

0 | By Shah Gilani

We’re approaching show time for Fitbit Inc. (NYSE:FIT).

The once-trendy fitness tracker has earnings for 2018’s first quarter due in a couple weeks, and they promise to make a splash. When earnings land, one of two things will happen:

  1. Either we’ll see how bad off Fitbit really is and the stock will drop,
  2. Or it’ll have more life left and salivating short-sellers will have to cover and take the stock higher.

We’ve played this game before and won.

Here’s how FIT found itself in this volatile position, and how to profit on either side

Never Suffer From Big Bank Corruption Again

0 | By Wall Street Insights and Indictments Staff

If Tuesday’s issue on the uncovered misdeeds of Wells Fargo & Co. (NYSE:WFC)’s criminal enterprise didn’t enrage you, this will.

Wells Fargo has proven time and time again that they have no regard for their customers’ lives. They have been caught red-handed for unlawful mortgage fees, ruinous force-placed auto insurance, and even mishandling their own fraud investigations.

At this point, we can’t be surprised. We can only be angry.

Click here to continue.

Wells Fargo is Facing the Fire – And They Should Be

0 | By Shah Gilani

The prospect of big bank deregulation in light of the outrageous ongoing criminal activity – because that’s what it is – at Wells Fargo & Co. (NYSE:WFC) makes me cringe.

Last week, the Federal Reserve, the principal regulator of America’s systemically important financial institutions (SIFIs), proposed the first big-bank-friendly rule changes under the Trump administration.

Have you heard about this? No, probably not.

Maybe it was because the changes, which are mostly revised capital and stress test rules, must go through a comment period before they can be adopted, and that’s why the news wasn’t front-page worthy.

Apparently, neither was talk last week that the Consumer Financial Protection Bureau (CFPB) could possibly fine Wells Fargo $1 billion for egregious auto insurance and mortgage lending abuses.

And, no, the mortgage abuses aren’t legacy issues from the financial crisis era; they’re a new rip-off.

Here’s what the news neglected to mention, and what it means for your money.

Cryptos, Trading, and Treasuries: Your Most-Asked Questions

1 | By Shah Gilani

If there’s one thing that I love doing, it’s helping people make the money they deserve. Doesn’t matter if they’re friends, family, or complete strangers. If I can help them, then I’ve done my job.

It’s been a while since I’ve been able to address your questions, so I’m going to take some time to dig into the three most-asked questions I’ve been receiving.

Here’s what folks have been asking

What Trump’s Impending Missile Attack Means for the Markets

0 | By Wall Street Insights and Indictments Staff

Following the President’s recent retaliatory plan to launch a missile strike in Syria, the markets have reacted accordingly. The market has weakened, and many investors have chosen to sell rather than buy stocks.

On this week’s installment of Varney & Co., Shah Gilani discusses why after Mark Zuckerberg’s mediocre hearing with the Senate yesterday inadvertently drove the stock upward. Later, host Stuart Varney and Shah talk about what it would mean if Tesla Inc. (NasdaqGS:TSLA)‘s stock plummets below $200, why teens gravitating to Apple Inc. (NasdaqGS:AAPL) products could change the game for the company, and Spotify Technology S.A. (NYSE:SPOT)‘s latest move. Click here to watch

This is a Warning: The Market is Telling Us Something…

1 | By Shah Gilani

There’s one fact about markets that most investors don’t quite understand… The stock market is a creature whose personality mimics the psychology of the investors who give it life.

If investors are calm and optimistic, the market reflects that positivity.

But, when investors are unsure about the immediate future (like now) and have to juggle their apprehension about politics, interest rates, economic growth, and whether the tech leadership stocks they believed were the Holy Grail are about to be subject to all kinds of new regulations (thank you, Facebook Inc. (NasdaqGS:FB)), their nervousness manifests itself as volatility, mirroring their fears.

That’s where the market is now. That’s where it’s been since February. The market’s turned from Steady Eddie into Nervous Nellie.

When that happens, the market does what it always does; it takes the path of least resistance.

What is that path now? You might want to come a little closer, because I’m going to whisper it, so as to not scare the living daylights out of you – and, by extension, the market.