Fast Money Blog- 6/4/21

This week we saw the stock market stuck on neutral. Most of our big Dow stocks such as Visa, Inc. (V), The Home Depot, Inc. (HD) and Mastercard Corporation (MA) did not experience major advancements. However we saw extreme volatility in stocks that you and I would never trade. 

The worst thing you can do with your money is invest in meme stocks like AMC Entertainment Holdings, Inc. (AMC). In the last 3 years AMC has experienced a decline in revenue from $5.8 billion to $1.2 billion, obviously due to the novel coronavirus. In all likelihood it will take at least 24 months before a majority of the movie-going audience will feel comfortable returning to theaters. 

It is your job as a patient investor to stay with stocks that have a history of annual revenue growth and increased dividend payments. 

In the next six months there will be a lot of bright shiny “objects” that will temp you and distract you from the good habits that have created your long-term trading success. Don’t get distracted by stocks with high volatility but declining revenue. 

Now more than ever stay patient and stay focused.

Tyrone Jackson, The Wealthy Investor