Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
VIDEO - Gareth Soloway: Stocks to Watch Pre-Election, Plus the Case for Cash
Gareth Soloway of InTheMoneyStocks also shared his thoughts on how US stimulus talks have impacted the market.
In a year that’s already been full of turmoil, the approaching US presidential election is injecting even more uncertainty into the markets.
However, that doesn’t mean there aren’t potential opportunities for investors to profit as the November 3 vote draws near. Speaking to the Investing News Network, Gareth Soloway, chief market strategist at InTheMoneyStocks, identified several areas to watch over the next month.
Those include the cannabis industry, which Soloway said is already seeing certain stocks tick upward as a Democrat victory (and federal legalization) becomes more likely.
Aside from marijuana, he mentioned Unite States Steel (NYSE:X) as a company that’s been beaten down, but could be interesting assuming a Joe Biden win and more infrastructure spending.
“Value names” like Kraft Heinz (NASDAQ:KHC) and IBM (NYSE:IBM) are also on the radar for Soloway, but more because they are more stable and offer dividends.
Soloway also made the case for staying in cash during this time, saying that for some market participants, particularly those who are older, it may be the safest thing to do.
“People always look at it like, if I’m not in the market, I’m not in the game and I can’t make money,” he said. “But people also need to look at it like, if you’re in cash, you’re safe.”
He mentioned that investing in gold and cryptocurrencies may also offer an element of safety at this time. “But there’s nothing wrong with sitting on the sidelines,” Soloway emphasized. “In fact, you’ll sleep a lot better during this period being in cash, I can promise you that.”
Speaking more specifically about gold, he said he sees the yellow metal’s price going even higher than it already is — potentially reaching US$5,000 per ounce in the next three to five years.
“It’s really because the printing of money is not going to stop,” said Soloway. “The only time it’s going to stop is when people aren’t willing to lend the US any more money, but that is a ways away at this point.”
For more from Soloway on gold and market activity ahead of the US election, watch the video above.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1924.75 | +0.01 | |
Silver | 23.56 | +0.02 | |
Copper | 3.70 | +0.01 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 90.41 | +0.38 | |
Heating Oil | 3.27 | +0.04 | |
Natural Gas | 2.65 | +0.01 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Precious Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.