Good morning. The past 30 years have marked a trend known as globalization. Supply chains have...
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 34,641.18 | -0.80% | | | | S&P 4,525.11 | -1.26% | | | | NASDAQ 14,204.17 | -2.26% | | | | *As of market close | | • | Stocks sank on Tuesday, with the Nasdaq dropping over 2 percent. | | • | Oil dropped 3 percent, closing at $100.16 per barrel. | | • | Gold dipped 0.4 percent, going for $1,925 per ounce. | | • | Cryptocurrencies also generally dipped, with Bitcoin at $46,011 at the market close. | | | | | | | | | | Investors Give Good Managers Excessive Control – But It's Usually Worth It | | | | There are plenty investment sayings about how company management can make or break a firm's stock returns. And in today's world, where retail investors own a miniscule number of shares and institutions tend to trade in and out of shares, company management tends to drive control. In many cases, letting the full-time employees devoted to the company run the show is a good thing. In other cases, such as where control is closely held by a family, the results can sometimes be a bit more mixed. » FULL STORY | | | | | | Insider Trading Report: HP Inc (HPQ) | | | | Bruce Broussard, a director at HP Inc (HPQ), recently added 6,810 shares. The buy increased his holdings by 131 percent, and came to a total price of just under $250,000. This marks the first insider buy at the company going back to June 2020. Other company insiders, including C-suite executives and directors, have otherwise been regular sellers of shares in the past few years. » FULL STORY | | | | | | Unusual Options Activity: Tenet Healthcare Corporation (THC) | | | | Shares healthcare services company Tenet Healthcare Corporation (THC) have been steadily rising over the past year. One trader sees the possibility for further gains in the next few weeks.
That's based on the May $85 calls. With 44 days until expiration, 2,550 contracts traded compared to an open interest of 100, for a 25-fold rise in volume on the trade. The buyer of the calls paid $4.10 to enter the position.
» FULL STORY | | | | | | • | Diesel Prices Increased Higher Than Gasoline in Q4 2022
Consumers are feeling the pinch as gasoline prices have jumped 47 percent in the first quarter of 2022. However, diesel fuel prices are up 63 percent for the quarter. Diesel is used heavily in the trucking industry, and higher fuel costs will likely lead to higher retail prices in every good, as it has to be shipped by truck in part to reach store shelves. | | | | • | Chinese Companies Finding Workaround for US Delisting
US regulators are looking to remove several Chinese-based companies, given their refusal to comply with audit. Some such companies are finding a workaround by hiring US accounting firms as principal auditors, which should make it easier for these companies to hit and maintain audit compliance requirements. | | | | • | US Blocks Russian Bond Payment
The US Treasury has blocked dollar-denominated debt payments from Moscow banks. Russia is now moving towards defaulting on its dollar-denominated debt payments. The move comes as the US and EU look for further ways to sanction Russia following its invasion of Ukraine. | | | | • | GM, Honda Partner on EV Production
General Motors (GM) and Honda Motor Company (HMC) have announced a partnership to produce affordable electric vehicles. The new line is expected to launch in North America in 2027, and takes advantage of manufacturing capabilities from both companies. | | | | • | Amazon Announces Rocket Deal for Its Satellite Internet
Amazon (AMZN) has plans to deploy 3,000 satellites with beam internet connectivity around the world. The company has announced that it is working with three rocket companies, including Blue Origin, founded by Jeff Bezos, as part of the contract to have as many as 83 launches. | | | | | | TOP | | CCI | 2.676% | | | GL | 2.434% | | | ZBH | 2.431% | | | OGN | 2.376% | | | TWTR | 2.211% | | | BOTTOM | | MKTX | 11.094% | | | EPAM | 6.919% | | | MPWR | 6.914% | | | CDAY | 6.345% | | | LRCX | 6.325% | | | | | | | | | Markets have been resilient given the war in Ukraine, continued price pressures, and uncertain global economic outlook, with investors' 'buy the dip' mentality driving equity returns. | | - Mark Hackett, Nationwide's chief of investment research, on the reason why markets have been trending higher despite significant headwinds right now. | | |
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