| | | | DOW 34,807.46 | +0.74% | | | | S&P 4,511.63 | +1.13% | | | | NASDAQ 14,108.82 | +1.95% | | | | *As of market close | | • | Stocks rallied on Tuesday, as traders priced in the prospect for faster interest rate hikes. | | • | Oil dipped 0.7 percent, closing at $111.30 per barrel. | | • | Gold dropped 0.4 percent, going for $1,921per ounce. | | • | Cryptocurrencies generally rallied, with Bitcoin at $42,397 at the market close. | | | | | | | | | | Consider Growth Plays Nearing Value Territory Amid This Market Selloff | | | | Every market selloff creates an opportunity to buy growth names at a big discount. Typically, investors start discounting growth when a crisis starts, so faster-growing companies sell off more. Growth comes in a variety of sectors and can be measured in a few different ways. Besides looking at obvious big-cap tech names on a selloff, other growth names could deliver market-beating returns at today's prices. » FULL STORY | | | | | | Insider Trading Report: Landsea Homes Corp (LSEA) | | | | John Ho, CEO at Landsea Homes Corp (LSEA), recently picked up 30,769 shares. The buy increased his holdings by nearly 7 percent, and came to a total purchase price of just over $274,000. The buy comes following a number of director buys over the past several days. And company insiders have been further bullish on the stock going back into the last year. There have been no insider sales over the past three years. » FULL STORY | | | | | | Unusual Options Activity: Ford Motors (F) | | | | Shares of automaker Ford Motors (F) have been in a decline since hitting a multi-year high back in January. One trader is betting the downtrend will reverse in the next few trading sessions.
That's based on the April 8th $16 calls. With 16 days until expiration, 26,528 contracts traded hands compared to an open interest of 721, for a 37-fold rise in volume. The buyer of the calls paid $0.97 to make the trade.
» FULL STORY | | | | | | • | Europe Debates Ban on Russian Oil
European Union leaders are debating a ban on the import of Russian oil. That would follow on the US-led embargo, but Europe as a whole is far more dependent on Russian energy sources and already has higher energy costs overall. The news caused oil to rise yesterday, on top of Monday's gain to partially rebound from last week's selloff. | | | | • | Fertilizer Prices Hit Record Levels
Raw materials for making fertilizer, such as nitrogen, ammonia, potash, and sulfates, are up over 30 percent since the start of the year. These commodities are produced heavily in Russia and Ukraine, where supply will likely be limited this year. That in turn has driven fertilizer prices to record levels, which will likely mean further price increases for food later this year. | | | | • | Evergrande Delays Earnings on Asset Seizure
A number of banks have seized over $2 billion held by a subsidiary of Chinese property development company Evergrande, which in turn has delayed the company's latest financial reporting. The company is currently undergoing a restructuring following its debt default last year, which also shined a light onto China's property market. | | | | • | Crypto Exchange Coincheck Makes Its IPO
Coincheck, a Japanese cryptocurrency and digital asset exchange, has gone public. The company used a merger with a special purpose acquisition company to do so, one of the first such deals this year. A public offering via this strategy exploded in popularity with investors in 2020 and into 2021, before such deals became shunned. | | | | • | Nvidia Unveils Latest GPU Architecture
Graphics processing firm Nvidia (NVDA) has unveiled its latest GPU architecture and a data center chip to combine a GPU with a high-performance CPU. That will allow the company to launch and update a number of technologies, particularly for the AI market. | | | | | | TOP | | TSLA | 7.905% | | | TCOM | 7.371% | | | EPAM | 6.862% | | | NTES | 6.524% | | | MRNA | 6.466% | | | BOTTOM | | WY | 2.526% | | | MOS | 2.262% | | | HES | 2.176% | | | OXY | 2.165% | | | PFE | 2.122% | | | | | | | | | I think the market is looking for opportunities and the opportunities continue to be in areas like energy, commodities. I think the market will also find more opportunities in financials as interest rates go up and technology looks awfully cheap to me. | | - Ed Yardeni, Yardeni Research president and chief investment strategist, on areas that could fare well in the coming months as current market trends play out. | | |
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