Fast Money Blog- 10/19/18
This week was a crazy week for stocks. The Dow Jones Industrial Average ended higher, while tech stocks still suffered a decline. But don't be alarmed, this is typical seasonal behavior for the month of October. In the Wealthy Investor program we invest in Dow states while trading growth stocks. Please make sure that at least 1/3 of your stock market portfolio includes Dow Stocks, like Visa (V), Home Depot (HD), Boeing (BA), and Microsoft, Inc. (MSFT)
Our Q3 surprise this week was PayPal, Inc. (PYPL), which demonstrated explosive Q3 profits, both on the top and bottom lines. During the third quarter the company also signed up an addition 9.1 million accounts. These new accounts are sure to increase PayPal's transaction profits in the fourth quarter.
I highly recommend owning PYPL as a long-term investment.
Stay patient as the bulk of third quarter earnings will be revealed over the next 22 trading days.
Stay Open! Stay Patient!
Tyrone Jackson
The Wealthy Investor
