We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
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>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What you need to know about Modi's India?
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>>