Stay strong, it's almost Dec. 25.
Fight GOP Tax Plan Coverage Fatigue
You must resist the urge to feel overwhelmed from all the GOP tax plan coverage coming in hot and heavy across TV and the internet. For how you act at this very moment may mean making a TON of money in 2018, 2019, 2020, 2021 and 2022 or losing a TON of money during that stretch. Be methodical in learning about the new soon-to-be-law and then attack accordingly.
While other business news sites chase every single news nugget in the hopes of grabbing a click, TheStreet is your trusted resource for how to invest off the Trumpian tax plan. We have pooled the collective resources of our top publications TheStreet, The Deal and RealMoney to bring you the best stock ideas right at this pivotal moment in the U.S. economy.
An added bonus: top thoughts on the tax plan from TheStreet's founder and Actions Alerts PLUS portfolio manager Jim Cramer.
Here are several of our must reads from Wednesday:
- Jim Cramer: These Stocks Will Benefit Even More From Tax Bill
- Wells Fargo, GM, Marathon and Their Investors Seen as GOP Tax Plan Winners
- 3 More Stocks To Buy on Tax Reform
- Health Insurers Like Centene Could Win Big on GOP Tax Bill
- GOP Tax Plan Could Send Dow Skyrocketing to 31,000
- GOP Tax Bill Is a Grand Slam Home Run for These Companies
- 8 Retailers Will Make Huge Money Off GOP Tax Overhaul
- GOP Tax Plan Makes This One Industrial Stock a Must Own in 2018
- Highlights of New Tax Law That Kick in for 2018
- How the New Tax Law Affects Your After-Tax Income and Financial Plans
And one must watch in Jim Cramer breaking down how FedEx (FDX) will benefit from tax reform:
Keeping It Real On Bitcoin
Bitcoin is having a terrible week. The price of the crypto has plunged 19% to $15,976 since hitting an all-time high on Sunday evening. A note from UBS puts everything nicely into perspective. Investors shouldn't buy or short bitcoin, says UBS, because it's the "biggest speculative bubble in history." Instead, investors would be better off putting money work in stocks even at these elevated valuation levels.
Cheers to the UBS research team.
A Holiday Season Winner, and Then Some
The consensus is that retailers have had a solid holiday season on the back of improved consumer sentiment and higher stock prices. To that end, companies tied to the gaming movement being fueled by powerful new consoles from Sony (SNE) and Microsoft (MSFT) stand to be notable winners. Bottom line is that people are buying games, consoles and in-game downloards.
One stand out is Activision Blizzard (ATVI) . Activision Blizzard's Call of Duty WWII has already surpassed $1 billion in global sell through, Goldman Sachs analyst Chris Merwin said in a new note. That figure, along with industry data showing the latest iteration of the title being a strong holiday seller, is setting up for a nice fourth quarter earnings surprise Merwin believes. The analyst thinks Activision Blizzard has at least $9 more upside to it from current levels of $64.38.
Here is some added insight on the stock from TheStreet's Jim Cramer:
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