Good morning. There are a number of proposals on the table today to contend with high gas prices...
It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.
 | | |  | DOW 34,861.24 | +0.44% | | | | S&P 4,543.06 | +0.51% | | |  | NASDAQ 14,169.30 | -0.16% | | | | | *As of market close | | | • | Stocks traded mixed going into the weekend, but still closed higher for a second week in a row. | | | • | Oil rose 0.6 percent, closing at $113.06 per barrel. | | | • | Gold dipped 0.4 percent, going for $1,954 per ounce. | | | • | Cryptocurrencies traded mixed, with Bitcoin at $44,435 at the market close. | | | | | | | |
| | | For Market-Beating Returns, Consider This Alternative Strategy Instead | | | | When it comes to investing in a bull market, traders often go for big growth names. As we've seen with market selloffs, that can be a big problem on a pullback, as those high-growth names get knocked down the most.
Traders might instead want to consider a different tack, and embrace companies that have low volatility. They may be slower to gain over time, but they're also likely to hold their own as a defensive play when markets get volatile.
» FULL STORY | | | | |
| | Insider Trading Report: Exelon Corp (EXC) | | | | William Bowers, a director at Exelon Corp (EXC), recently picked up 4,500 shares. The buy increased his stake by 352 percent, and came to a total price of just over $196,000.
This marks the first insider buy at the company since May 2017, nearly five years ago. Company insiders have been regular sellers of shares at small intervals, with the last sale occurring back in January.
» FULL STORY | | | | |
| | Unusual Options Activity: Intel (INTC) | | | | Shares of chipmaker Intel (INTC) have been trading in a range over the past year, with the stock price currently on the uptrend. One trader sees that move continuing in the next few weeks.
That's based on the April 22 $55 calls. With 25 days until expiration, 29,053 contracts traded compared to a prior open interest of 174, for a staggering 177-fold jump in volume on the trade. The buyer of the calls paid $0.66 to enter.
» FULL STORY | | | | |
| | • | 57 Percent of US Households Paid No Income Tax In 2021
Data from the Tax Policy Center estimates that 57 percent of US households had zero federal income taxes in 2021. That's a steep rise from the 44 percent in the year before the pandemic. 19 percent of Americans paid no payroll or income taxes as well, a most modest increase from 17 percent before the outbreak of Covid. | | | | • | Banks Prepare for Recovering IPO Market
Despite a record number of companies going public last year, 2022 has seen a freeze in new companies going public amid high uncertainty. Just 22 companies have gone public in the first quarter of the year, down from 79 in the same quarter a years ago. Banks are preparing for the market to open up, with smaller valuations likely driving companies going public. | | | | • | Moody's Warns on Rising Recession Risks
Mark Zandi, chief economist at Moody's Analytics, has warned that the US has a one-in-three chance of going into a recession in the next year. The prediction comes amid high inflation rates, geopolitical concerns, and the potential for slowing growth, which is already slow on an inflation-adjusted basis. | | | | • | Europe Reaches Agreement on Messaging Interoperability
The European Union has reached a regulatory agreement that will allow big tech platforms to set up-front rules about how they can operate. The new Digital Markets Act is designed to better regulate and oversee larger firms, known as "gatekeepers" with at least 45 million monthly end users in the EU. | | | | • | US House of Representatives Considers Marijuana Decriminalization Bill
The House of Representatives is considering a bill to decriminalize marijuana use. A majority of US states have decriminalized for medical use, and many have also legalized recreational use, which has led to increased taxes for those states over the past few years. Stocks related to the weed industry are moving higher on the news. | | |
| | | | TOP | | | CTRA | 6.955% | | | | LUMN | 4.683% | | | | KMI | 4.208% | | | | MOS | 4.04% | | | | AVY | 3.789% | | | | BOTTOM | | | TCOM | 8.408% | | | | MRNA | 7.658% | | | | EPAM | 7.395% | | | | ETSY | 6.129% | | | | MELI | 5.67% | | | | |
| | |  | | I remain a long-term believer in the benefits of globalization and the power of global capital markets. Access to global capital enables companies to fund growth, countries to increase economic development, and more people to experience financial well-being. The money we manage belongs to our clients. And to serve them, we work to understand how changes around the world will impact their investment outcomes. | | - Larry Fink, Founder and CEO of BlackRock, on why he sees the 3-decade trend of globalization coming to an end, and why investors should be prepared for a reversal of that trend over the next several years. | |
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