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Facebook's Next Frontier: Cryptocurrency?

Facebook's Next Frontier: Cryptocurrency?

Facebook (FB), which has generated its share of negative headlines in 2019, maneuvered its way to Wall Street's good side on Monday amid reports that it will unveil a cryptocurrency-related initiative on Tuesday, backed by the likes of Visa (V) and Mastercard (MA). Facebook shares gained 4.2% -- and numerous cryptocurrencies spiked, too -- as several analysts fawned in response. Bitcoin, which traded below $3,400 just months ago, pushed ahead 4.1% in the past 24 hours to $9,301. The broader market's performance was much more muted, but the Dow did finish with a win, gaining 22 points to 26,112.

This relative calm before a proverbial storm is the perfect time to determine your next moves. The earnings calendar is nearly barren this week, little has changed on the trade front and the Federal Reserve won't announce anything on interest rates until Wednesday afternoon at the end of its June meeting. Our suggestion? The second half of 2019 might not be as volatile as the first half, but your investments should be able to withstand a similar amount of tumult just in case. China-proofing your portfolio is one way to protect your backside; so is investing in the kinds of wide-moat blue chips that Warren Buffett favors. If you're looking for resilient stocks that also appear set up to punch higher, accommodative market or not, consider this list of 19 stocks that could succeed in this year's second half.

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