Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of October 3rd – 9th, 2022.
5. Top 5 Stocks to Short Right Now (VIDEO)
Despite the General Downturn in the Stock Market, There Are Still Some Stocks Trading at Much Higher Valuations Than Can Be Reasonably Justified
These overvalued companies often become the target of short sellers, investors looking to profit by betting against the market or shorting individual stocks. Today we examine five of the best Stocks to Short right now.
READ FULL STOCKS TO SHORT ARTICLE
4. VIDEO: House to Vote on New Bill Aimed at Banning Members of Congress From Trading Stocks
If Approved, the Newly Released Legislation Will Restrict Members of Congress, Supreme Court Justices and Other Senior Government Officials From Owning and Trading Stock in Publically Traded Companies
The Bill, Titled ‘Combating Financial Conflicts of Interest in Government Act’, was designed to limit the conflict of interest that comes with politicians and their family trading stocks.
READ FULL CONGRESS TRADING BILL ARTICLE
3. PowerTap Subsidiary Progressus Clean Technologies Signs LOI For Clean Hydrogen JV Pilot With Alkaline Fuel Cell Power Corp.
The Clean Hydrogen Joint Venture Pilot Project Will Seek to Provide the Company With in-Field Proof of Concept and Operational Data
PowerTap Hydrogen (NEO: MOVE) (OTC: MOTNF) (FRA: 2K6B) provided investors with an update regarding its 49% owned subsidiary Progressus Clean Technologies. PowerTap reported that Progressus signed a letter of intent (LOI) with Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB: ALKFF) (FRA: 77R) (WKN: A3CTYF) to complete a joint venture (JV) pilot project. The JV is structured to support the company’s potential future growth, new partnership opportunities and advance a possible solution for global utility companies to blend hydrogen and natural gas.
2. U.N. Warns Fed’s Excessive Monetary Tightening Could Induce Stagnation and Economic Instability Leading to a Global Recession (VIDEO)
Throughout 2022, the Global Economy Has Been Grappling With the Aftereffects of the Pandemic and Russia’s Ongoing War in Ukraine
Excess pandemic-related money printing and supply chain disruptions have caused Inflation to spike to its highest levels in nearly half a century. To combat inflation, the Federal Reserve has resorted to an aggressive monetary tightening strategy which has seen Interest Rates rise dramatically in 2022.
1. Elon Musk Flip-Flops on Twitter Deal, Agrees to Move Forward With TWTR Buyout? (VIDEO)
Concerned With a Perceived Censorship Issue on the Platform, Elon Musk Decided to Start Accumulating a Massive Amount of TWTR Stock, Eventually Becoming Twitter’s Largest Shareholder
Soon after, Elon Musk agreed to buy the social media firm for $44 billion but quickly tried to back out of the deal, leading Twitter (NYSE: TWTR) to take legal action against him. With the Musk v. Twitter case set to commence shortly, it appears the tech billionaire has again changed his mind on the deal.
READ FULL MUSK TWITTER ARTICLE
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