| | [URGENT] If You Missed Bitcoin's 103,533% Explosion, Claim This New Book Right Away If you've missed Bitcoin's historic run-up to over $60,000… Then you need to check out page 54 of crypto millionaire James Altucher's new book. In it, he details a cryptocurrency he believes could one day surpass Bitcoin. Now, James famously said Bitcoin was the future all the way back in 2013 – when it traded at just $61… Anyone who followed him had the chance at gains as high as 103,533%. But he says this new opportunity could be even bigger. To see how to claim your complete crypto guide, click here now This ad is sent on behalf of Three Founders Publishing, LLC, at 1117 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Three Founders Publishing, LLC, please click here to remove your email from these offers. | | | | | | | | | | | | DOW 31,490.07 | -3.57% | | | | S&P 3,923.68 | -4.04% | | | | NASDAQ 11,418.15 | -4.73% | | | | *As of market close | | • | Stocks slid on Wednesday, following poor retail earnings. | | • | Oil dropped 2.8 percent, closing at $109.31 per barrel. | | • | Gold traded flat, ending at $1,815 per ounce. | | • | Cryptocurrencies slightly dropped, with Bitcoin at $29,152 at the stock market close. | | | | | | | | | | In a Rising or Falling Economy, Don't Bet Against Defensive Consumer Plays | | | | Consumer spending makes up the bulk of economic spending – over two-thirds, by most estimates. That means that any change in where and how consumers are spending can lead to a shift of billions of dollars. As retailers report their quarterly earnings, some are seeing consumers head their way amid rising economic uncertainty. Others aren't faring as well. But a few players could be a standout play at current prices, given the role consumers play in the economy. » FULL STORY | | | | | | Insider Trading Report: CSX Corp (CSX) | | | | James Wainscott, a director at CSX Corp (CSX), recently picked up 10,000 shares. The buy increased his position by nearly 95 percent, and came to a total price of just over $330,000. This marks the first insider buying at the company since the summer of 2020, and the first insider activity of any kind since last October. Otherwise, company directors and executives, have been sellers of shares though the end of last year. » FULL STORY | | | | | | Unusual Options Activity: Cisco Systems (CSCO) | | | | Shares of internet hardware provider Cisco Systems (CSCO) have been in a downtrend for the past few months. One trader sees the prospect of further declines in the months ahead.
That's based on the June 2023 $45 puts. With 393 days until expiration, 4,001 contracts traded compared to an open interest of 183, for a 22-fold rise in volume. The buyer of the puts paid $3.73 to get into the trade.
» FULL STORY | | | | | | • | CEOs Now See Risk of Recession
According to The Conference Board, a majority of CEOs have negative confidence in the US economy. That's yet another sign that the economy is on track to enter a recession when second-quarter GDP numbers are released over the summer. The reading is the lowest since the initial outbreak of Covid in early 2020. | | | | • | High-Yield Bonds Sour on Rising Rates, Default Risk
Many investors reached for higher levels of income when interest rates were low, and found them in high-yield bonds. These bonds carry higher risks however. Rising interest rates will push their prices down, and higher potential defaults amid a slowing economy could make this space significantly riskier compared to the rewards right now. | | | | • | Fed Looking for "Clear and Convincing" Signs Inflation is Waning
Federal Reserve Chairman Jerome Powell said the central bank wants to see inflation signs closer to the central bank's 2 percent target. While markets initially rose on Tuesday following those comments, they slid again on Wednesday as retail sales indicated consumers were largely pulling back on spending. | | | | • | Berkshire Goes on Energy Buying Spree
While many are souring on the economy, Warren Buffett's Berkshire Hathaway (BRK-A) is loading up on energy companies. Top buys include Occidental Petroleum (OXY) and Chevron Corporation (CVX). The move comes after these companies are already trading near multi-year highs as energy prices have rebounded from the pandemic, but may have more room to rally in the years ahead. | | | | • | Plaid Expands into Identity and Income Verification
Fintech company Plaid, which has built itself into a multi-billion-dollar valuation by linking accounts via apps, is making its first expansion snice 2013. The company is adding in identify and income verification, which should increase the ease with which users can link up multiple financial accounts. | | | | | | TOP | | TJX | 6.442% | | | NRG | 1.173% | | | AIZ | 1.065% | | | PGR | 0.585% | | | EA | 0.35% | | | BOTTOM | | TGT | 25.437% | | | DLTR | 14.653% | | | ODFL | 13.415% | | | COST | 12.886% | | | TSCO | 12.805% | | | | | | | | | There's a big difference between corrections in the equity markets and outright bear markets. The difference being bear markets are almost always sort of associated with some kind of recessionary macroeconomic environment, or at least an inevitable one in the forecast horizon over the next six-to-12 months. For us, as we sit here today, we just don't see that. | | - Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management, on why stocks may be able to head higher in the months ahead, particularly if the US can avoid falling into a recession. | | | | [URGENT] If You Missed Bitcoin's 103,533% Explosion, Claim This New Book Right Away If you've missed Bitcoin's historic run-up to over $60,000… Then you need to check out page 54 of crypto millionaire James Altucher's new book. In it, he details a cryptocurrency he believes could one day surpass Bitcoin. Now, James famously said Bitcoin was the future all the way back in 2013 – when it traded at just $61… Anyone who followed him had the chance at gains as high as 103,533%. But he says this new opportunity could be even bigger. To see how to claim your complete crypto guide, click here now This ad is sent on behalf of Three Founders Publishing, LLC, at 1117 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Three Founders Publishing, LLC, please click here to remove your email from these offers. | | | | | | | | |
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