The bitcoin obsession rages on: It's really hard right now to not be looking for undervalued -- or unknown -- stock picks on the craze that is bitcoin. After some internal reflection, I have reasoned not to hint at any stocks that could be (or are already) winners from the price surge in bitcoin. Once this latest tulip craze dies, I definitely don't want my email inbox blowing up with digital hate email. Nvidia (NVDA) is winning in many areas beyond bitcoin (see latest deal with General Electric (GE) ) so that's my only exception. Instead, allow me to simply point you in the direction of an interesting piece from TheStreet's Kinsey Grant. She talked with the executive at Overstock (OSTK) leading the charge on the digital retailer's bitcoin adoption. Overstock was the first digital retailer to accept bitcoin in 2014, so its perspective is especially interesting ... and maybe even a little frightening. 

Buy European: Those seeking year-end bargains in this ultra-hot market may want to sniff around European stocks. The valuation gap between U.S. and European shares has reached its widest level since April 2009, according to Bloomberg data. The S&P 500 is valued at a blended forward P/E ratio of 18 times compared to about 15 times for the Stoxx 600. If you are reading this newsletter and have no clue what I just wrote, then: (1) send me an email for an explanation; (2) ask your broker if they have any interesting European stocks. Cheers, mates!

If you trade stocks, watch as news of the tax plan hits the wires: As U.S. lawmakers try to push through a vote on the tax plan this week, here is how your stock trading mind should work. First, do companies such as Apple (AAPL) , Cisco (CSCO)  and Alphabet (GOOGL) -- big companies that could benefit massively from a Trump corporate tax overhaul -- see their stock prices go up? If legislation passes and the stocks trade sideways to down it could be an indication the broader market has priced in a Trump tax plan (at least initially). Second is how to get positioned ahead of what appears to be two common denominators in the tax plan -- the middle-to-lower income classes get wronged while the rich get richer. In this environment, you want to think about getting long a Norwegian Cruise Line  (NCLH) (premium cruise vacation provider) or a Nordstrom (JWN) (the rich will want more Louis Vuitton gear). Another long could be dollar stores like Dollar Tree (DLTR) , which on paper benefits from the middle class trading down. 

What's Hot

Welcome Back, Tiger

Bridgestone Golf's CEO tells me (video above) he is pretty jazzed up by the return of Tiger Woods later this week. With good reason...he now plays Bridgestone golf balls. 

Nvidia, General Electric, Apple and Alphabet are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells NVDA, GE, AAPL and GOOGL? Learn more now.

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