| | | | DOW 33,294.35 | -1.77% | | | | S&P 4,306.20 | -1.55% | | | | NASDAQ 13,532.46 | -1.59% | | | | *As of market close | | • | Stocks sank on Tuesday, as Russia's attacks in Ukraine intensified. | | • | Oil surged 9.2 percent, closing at $104.46 per barrel. | | • | Gold rallied 2.4 percent, going for $1,947 per ounce. | | • | Cryptocurrencies continued higher, with Bitcoin at $44,142 at the market close. | | | | | | | | | | Where to Profit as Energy Stocks Retreat from Russia | | | | The world is taking sides. Most nations are siding with Ukraine, following the country's invasion by Russia. While other governments are looking for a way to support Ukraine and punish Russia without expanding into a full-blown war, many companies are pulling back on investments and businesses in Russia. That trend is likely just getting started, but companies that get out sooner rather than later will probably fare best. » FULL STORY | | | | | | Insider Trading Report: Coeur Mining (CDE) | | | | Thomas Whelan, CFO at Coeur Mining (CDE), recently added 10,000 more shares. The buy increased his holdings by 2.5 percent, and came to a total cost of $42,500. The buy came two days after the company President and CEO picked up 5,000 shares, at a cost of about $22,000. Over the past three years, insiders have been both buyers and sellers, with buyers having the edge over the past few months. » FULL STORY | | | | | | Unusual Options Activity: Bed Bath & Beyond (BBBY) | | | | Shares of retailer Bed Bath & Beyond (BBBY) have traded down over the past year, after shares surged higher following a near-miss with bankruptcy. One trader sees a further rally in shares possible in the coming months. That's based on the January 2023 $60 call. With 324 days until expiration, 4,519 contracts traded compared to an open interest of 266, for a 17-fold jump in volume. The buyer of the calls paid $1.18 for the option.
» FULL STORY | | | | | | • | Treasury Yields Sink
Treasury yields have been on the decline this week. After recently nearing the 2 percent mark, 10-Year Treasury rates have pulled back to around 1.76 percent. Rising yields have typically weighed on the stock market, and falling yields may help stocks rally as traders continue to digest the latest war news. | | | | • | Companies Push for Office Reopenings
March marks two years since the start of the pandemic and a shift to remote work. Plans to reopen have partially been held back due to covid variants over the years. But now, many big companies are moving to have their offices fully reopened for workers starting this month as health officials have also been easing back on headlines. | | | | • | Corporations Continue to Withdraw from Russia
The number of Western companies doing business in Russia continues to decline as sanctions increase against the country. A number of additional firms, including French energy giant TotalEnergies, German automaker Daimler, and US credit card company Mastercard (MA) have announced a planned withdrawal in the last day alone. | | | | • | Child Care Shortage Impacting Half a Million Families
Child care employment remains down 12.4 percent compared to its pre-pandemic levels. That's created a gap where nearly half a million families report that they don't have access to reliable child care, a shortage that may be impacting a return to work for many parents. | | | | • | Disney+ Adds Marvel Content from Netflix
Disney+, the streaming division of The Walt Disney Company (DIS) has added a number of series from the Marvel universe formerly owned by Netflix (NFLX). The company is also adding parental controls, as several of those shows carry a MA rating. | | | | | | TOP | | TGT | 9.866% | | | CHRW | 8.988% | | | OXY | 7.386% | | | PARA | 5.537% | | | APA | 4.645% | | | BOTTOM | | DXC | 11.637% | | | RCL | 9.168% | | | APTV | 8.869% | | | AXP | 8.745% | | | PVH | 8.658% | | | | | | | | | The Russia/Ukraine crisis will continue to produce market volatility, but the direct impact on corporate earnings should be small. Indirect risks are more substantial, given effects of higher commodity prices on inflation, growth, and consumers. However, one silver lining is that the crisis forced a dovish reassessment of the Fed by the market. | | - Marko Kolanovic, analyst at JPMorgan Chase, on why markets have been volatile, but largely off their lows, as Russia's invasion of Ukraine may end up leading to a more accommodative monetary policy going forward. | | |
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