| | Alert! CRASH Now Just 1-Step Away!
With the Fed's recent rate hike announcement… | | | | | We are now ONE-STEP away from a MAJOR Market Crash. If the Fed raises rates again – which I fully expect them to… The fallout could start at exactly 2:20 p.m. EST on June 15th. That's why I put together a simple, straightforward "Crash Rescue Kit" designed to help protect and GROW your wealth in the likely event of a market crash. NOTE: This is not some overly expensive service or hard-to-follow investment strategy. I designed this "Crash Rescue Kit" with EVERYONE in mind. Because NO ONE deserves to have their wealth destroyed by the Fed, the market or anyone else. Click here NOW to claim your copy while there's still time This ad is sent on behalf of Paradigm Press, LLC, at 1117 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Paradigm Press, LLC, please click here to remove your email from these offers. | | | | | | DOW 32,654.59 | +1.34% | | | | S&P 4,088.85 | +2.02% | | | | NASDAQ 11,984.52 | +2.76% | | | | *As of market close | | • | Stocks rallied on Tuesday, even as the Fed continued to warn on inflation. | | • | Oil dropped 2.1 percent, closing at $111.86 per barrel. | | • | Gold traded slightly lower, ending at $1,814 per ounce. | | • | Cryptocurrencies traded flat, with Bitcoin at $30,082 at the stock market close. | | | | | | | | | | Consider This Profitable Media Space as Streaming Stocks Slide | | | | The media space is a lucrative one, and one where just a few companies control the bulk of the industry. However, the past few years has seen many media companies rise and fall as plans have come to fruition to build their own streaming services and compete with each other. While this has been going on, another niche part of the media space has been growing steadily, and even before the pandemic was posting better numbers than the box office. » FULL STORY | | | | | | Insider Trading Report: Morgan Stanley (MS) | | | | Stephen Luczo, a director at Morgan Stanley (MS), recently bought 25,000 shares. The buy increased his stake by 11.8 percent, and came to a total price of just over $1.98 million. This marks the first insider buy at the company since late 2020. Over the past three years, company insiders, including both executives and directors, have generally been regular and consistent sellers of shares. » FULL STORY | | | | | | Unusual Options Activity: Agnico Eagle Mines (AEM) | | | | Shares of gold producer Agnico Eagles Mines (AEM) are off by over 30 percent in the past year, as gold prices have been lackluster. One trader, however, sees the possibility for a massive rally in the coming months. That's based on the January 2024 $80 calls. With 611 days until expiration, 8,846 contracts traded hands compared to an open interest of 133, for a 67-fold increase in volume on the trade. The buyer of the calls paid $3.90.
» FULL STORY | | | | | | • | Retail Sales Rise 0.9 Percent
Retail sales continued to rise, with the latest numbers for April showing a 0.9 percent increase. Economists were looking for a 0.8 percent increase, and sales excluding high-ticket items like food, gasoline, and autos rose 0.6 percent. Today's high inflation rates may be part of the reason for the rise. | | | | • | Homebuilder Sentiment Hits Two-Year Low
Homebuilders continue to lower their expectations for the housing market going forward. Sentiment fell 8 points to 69, based on the latest May data. The data is based on a neutral reading of 50, so it's still bullish overall, but does reflect a quick slowdown as interest and mortgage rates rise. | | | | • | Wells Fargo CEO Warns on a Recession
Charlie Scharf, CEO of Wells Fargo (WFC) has warned that a rapid increase in interest rates, combined with a slowing economy, is likely to lead to a recession. While the central bank could potentially avoid one, the chances of doing so will be hard given current conditions. | | | | • | Car Sales in Shanghai Hit Zero for April
The city of Shanghai saw zero cars sold, as the port city in China was largely closed due to a Covid-19 outbreak. That's impressive, given the city's population of 25 million, which left nearly all dealers closed. Overall, the country's sales were down 46 percent compared to March. | | | | • | Microsoft Joins Tech Companies in Sustainability Tracking Products
Microsoft (MSFT) has unveiled Microsoft Cloud for Sustainability. The software is designed to better measure and track carbon data to get a sense of a company's carbon footprint. By rolling out this software, the company is joining other names in the tech space that have launched similar initiatives in the past few months. | | | | | | TOP | | PARA | 15.346% | | | TTWO | 11.779% | | | AMD | 8.733% | | | UAL | 7.878% | | | AAL | 7.674% | | | BOTTOM | | WMT | 11.376% | | | KR | 3.703% | | | DLTR | 3.159% | | | BBWI | 2.913% | | | DG | 2.827% | | | | | | | | | In a sense, the poor performance this year for tech and growth companies is somewhat of a payback for the impressive returns these market segments had recently enjoyed. While we think that long-term interest rates have peaked for now, growth stocks are still expensive relative to value stocks. | | - A UBS client note, contrasting the poor performance of growth stocks this year to the space's significant outperformance last year. | | | | Alert! CRASH Now Just 1-Step Away!
With the Fed's recent rate hike announcement… | | | | | We are now ONE-STEP away from a MAJOR Market Crash. If the Fed raises rates again – which I fully expect them to… The fallout could start at exactly 2:20 p.m. EST on June 15th. That's why I put together a simple, straightforward "Crash Rescue Kit" designed to help protect and GROW your wealth in the likely event of a market crash. NOTE: This is not some overly expensive service or hard-to-follow investment strategy. I designed this "Crash Rescue Kit" with EVERYONE in mind. Because NO ONE deserves to have their wealth destroyed by the Fed, the market or anyone else. Click here NOW to claim your copy while there's still time This ad is sent on behalf of Paradigm Press, LLC, at 1117 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Paradigm Press, LLC, please click here to remove your email from these offers. | | |
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