Let’s discuss dumb policy execution -- well outside of the 2017 U.S. media focus on all things Trump.
This is global news. Most of you probably haven’t paid attention to it.
On November 8th, 2016, the Government of India announced the demonization of all 500 (US$7.80) and 1,000 (US$16) banknotes of the Mahatma Gandhi series. Think of these rupee notes as ten-dollar and twenty-dollar bills in the U.S. context. Overnight, 86% of cash in Indian circulation was voided. In this country, consumers are almost 90% cash reliant. Chaos ensued.
The Prime Minister of India, Narendra Modi announced the demonetization in an unscheduled live televised address. In the announcement, Modi declared that use of all 500 and 1000 banknotes would be invalid past midnight. He then announced the issuance of new 500 and 1000 banknotes in exchange for the old banknotes.
His government claimed this action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism. India’s major BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on the day after the announcement.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Let’s discuss dumb policy execution -- well outside of the 2017 U.S. media focus on all things Trump.
This is global news. Most of you probably haven’t paid attention to it.
On November 8th, 2016, the Government of India announced the demonization of all 500 (US$7.80) and 1,000 (US$16) banknotes of the Mahatma Gandhi series. Think of these rupee notes as ten-dollar and twenty-dollar bills in the U.S. context. Overnight, 86% of cash in Indian circulation was voided. In this country, consumers are almost 90% cash reliant. Chaos ensued.
The Prime Minister of India, Narendra Modi announced the demonetization in an unscheduled live televised address. In the announcement, Modi declared that use of all 500 and 1000 banknotes would be invalid past midnight. He then announced the issuance of new 500 and 1000 banknotes in exchange for the old banknotes.
His government claimed this action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism. India’s major BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on the day after the announcement.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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