| | | | DOW 34,411.69 | -0.11% | | | | S&P 4,391.69 | -0.02% | | | | NASDAQ 13,332.36 | -0.14% | | | | *As of market close | | • | Stocks closed slightly lower on Monday, in a volatile session. | | • | Oil rose 0.9 percent, closing at $107.89 per barrel. | | • | Gold rallied 0.4 percent, ending at $1,982 after first hitting $2,000 per ounce. | | • | Cryptocurrencies traded mixed, with Bitcoin at $40,762 at the stock market close. | | | | | | | | | | New Opportunities Tend to Be Undervalued in Bear Markets | | | | As the market goes, so do most individual stocks. That's especially true for early-stage companies or new combinations with a limited market history.
A bull market can mean a new company will tend to be valued highly, likely even higher than it's worth. But a bear market can mean a new stock will likely be undervalued until it can prove its mettle (or until the market changes to bullish again). » FULL STORY | | | | | | Insider Trading Report: Nielsen Holdings (NLSN) | | | | WindAcre Partnership Master Fund, a major owner of Nielsen Holdings (NLSN), has been buying up shares in recent days. Last week, the company bought over 23 million shares, increasing its holdings to 91,074,000 shares in total.
That's following an earlier buy for just over 31.5 million shares in April. All told, the fund now owns just over 25 percent of the company, and has become the largest shareholder. » FULL STORY | | | | | | Unusual Options Activity: U.S. Silica Holdings (SLCA) | | | | Shares of silica producer U.S. Silica Holdings (SLCA) have been in a strong uptrend, more than doubling since February. One trader sees a continued rally in shares.
That's based on the January 2023 $10 calls. With 276 days until expiration, 9,183 contracts traded compared to a prior open interest of 124, for a 74-fold increase in volume on the trade. The buyer of the calls paid $11.60 to get in.
» FULL STORY | | | | | | • | Homebuilder Sentiment Slows for Fourth Month
Homebuilder confidence in the US has dropped for the 4th straight month in April. The news comes as mortgage rates have risen from 3.9 percent at the end of March to 5.15 percent in mid-April, a high last seen in 2011. Current sales expectations as well as buyer traffic also continued to drop in the last month. | | | | • | China Reports 4.8 Percent GDP Rise in Q1
China's economy rose at 4.8 percent in the first quarter of 2022. The news came in better-than-expected, especially as the country started targeted lockdowns in Shanghai to combat a Covid-19 outbreak. The port city largely remains closed, so data for the second quarter of the year may be far lower. | | | | • | Global Metals Trading Remains Volatile
Global metals markets for items such as copper, nickel, and zinc, remain in turmoil, two months after Russia's invasion of Ukraine. Several markets have had to face closures or restrictions on how far prices could trade in a day given the high volatility, with metals such as nickel doubling in a matter of days. | | | | • | DiDi Global Drops on Delisting News
DiDi Global (DIDI) shares slid on Monday. The China-based ride-sharing company noted that it was preparing to delist from the New York Stock Exchange. The news has been widely anticipated, as a number of Chinese companies have been unable or unwilling to provide detailed financial data on par with that of US companies. | | | | • | Neobank Fi Raises $100 Million at $700 Million Valuation
Neobank Fi, an Indian fintech startup company working on a payment platform, is finalizing plans to raise $100 million at a $700 million valuation. The two-year-old startup previously raised $50 million last November at a $315 million valuation. The firm has grown to 1.2 million users to date. | | | | | | TOP | | TWTR | 6.877% | | | SYF | 6.008% | | | VLO | 5.121% | | | CTRA | 4.538% | | | PSX | 4.526% | | | BOTTOM | | SCHW | 10.453% | | | MRNA | 5.958% | | | ETSY | 5.484% | | | TSCO | 4.842% | | | OGN | 4.671% | | | | | | | | | I think the market is so focused on the Fed and inflation and everything else that stocks will have a very weak response to earnings. I think the market is going to trade up, but the market is not going to give companies full credit. | | - Jonathan Golub, chief U.S. equity strategist at Credit Suisse, on why the market may be underpricing the power of corporate earnings in the months ahead as it focuses on headline data like inflation and interest rates. | | |
No comments:
Post a Comment