I don't know if it will actually make the records book, but last week's tech "correction" was the shortest I can remember.
Yes, I know that the tech-heavy Nasdaq Composite Index didn't officially correct, defined as a 10% decline from its previous high.
But it might as well have.
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TRHC
When we spoke back on June 10, I noted that we were making big money from the great leadership style of CEO Therese Tucker.
You may recall that she created a company that knows how to close deals, even in the worst of times. And I mentioned then that she had done a great job managing the company during the COVID Crisis.
Here's the thing. Tucker is the CEO of BlackLine Inc. (BL). I love the tagline on this one because it says exactly what the firm is all about - "modern accounting is unified, automated, and continuous."
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Ordinarily, attending a two-day virtual summit on finance and accounting would sound about as exciting as watching Aunt Millie knit a sweater.
But these are no ordinary times.
Here's the thing - Congress has passed four COVID-19 stimulus bills worth a total of at least $2.4 trillion so far. As I'm writing this, a fifth stimulus bill is being negotiated on Capitol Hill, with a price tag of around $1 billion.
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Am I ever glad we got back into Quidel Corp. (QDEL) on June 3.
You may recall that this investment opportunity was in the June issue of the Nova-X Report.
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While I was giving a presentation to investors attending Money Map Press' Black Diamond Conference in Carlsbad, Calif., on Friday, I told the audience that - whatever they did - do not buy International Business Machines Corp. (NYSE: IBM).
Big Blue has been a stock to avoid, I told the Black Diamond crowd, for roughly three years now because its turnaround is struck in neutral.
However, you have found a backdoor way to make big money from this struggling giant.
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The cannabis sector is going gangbusters lately - and for good reason.
And to back up my ongoing bullishness, I'm going to lay out a number of ways to profit from this massive new market.
I'm talking great backend plays like Microsoft Corp. (Nasdaq: MSFT) Novartis AG (NYSE: NVS), and Shopify Inc. (Nasdaq: SHOP). These firms give us exposure to the compliance software, biotech, and e-commerce aspects of the business that are crucial to this fast-growing industry's ongoing success.
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Over the past five years, we've witnessed a growing embrace of the benefits of both medical and recreational marijuana.
State after state has given the green light to one or both uses. Some 15 additional states could follow suit this year. In fact, Oklahoma just legalized medical marijuana this week, with the support of nearly 60% of voters in a traditionally conservative state.
But this past week caps off the most profound progress yet for cannabis.
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