Good morning. Traders like opportunities in seasonal trends. They provide a high-probability...
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 32,910.90 | -0.81% | | | | S&P 4,115.77 | -1.08% | | | | NASDAQ 12,086.27 | -0.73% | | | | *As of market close | | • | Stocks turned lower on Wednesday, closing near lows of the day. | | • | Oil rose 2.6 percent, closing at $122.51 per barrel. | | • | Gold traded flat, ending the day at $1,855 per ounce. | | • | Cryptocurrencies generally declined, with Bitcoin at $30,152 at the market close. | | | | | | | | | | One Way to Benefit as Consumers Recover from Declining Inflation Rates | | | | Consumers have been spending more in the past year, but overall sales are down. It's inflation that's causing the total rise, at least for the moment. Retailers are having to deal with two conflicting issues. Supply chain disruptions are leading to genuine shortages. And consumers cutting back on spending due to inflation is leading to an inventory excess in other areas. » FULL STORY | | | | | | Insider Trading Report: United Airlines Holdings (UAL) | | | | Edward Shapiro, a director at United Airlines Holdings (UAL), recently picked up 50,000 shares. The buy represents an initial stake by the director. The total cost to acquire the shares came to just over $2.35 million. This is the first insider buy at the company since late 2020. Over the past three years, company executives have been sellers of shares, with only a handful of buys from company directors. » FULL STORY | | | | | | Unusual Options Activity: Canopy Growth Corp (CGC) | | | | Shares of pot stock Canopy Growth Corp (CGC) are down 84 percent in the past year. One trader is betting that steady downtrend will continue. That's based on the October $10 puts. With 134 days until expiration, 10,002 contracts traded compared to a prior open interest of 342, for a 29-fold rise in volume on the trade. The buyer of the puts paid $6.23 to make the downside bet.
» FULL STORY | | | | | | • | Treasury Bans Americans from Buying Russian Stocks and Bonds
The US Treasury Department has issued guidance prohibiting US investors from buying new and existing debt or equities issued by any entity in the Russian Federation. Existing holdings can continue to be held, or can be sold on international markets to a non-US citizen. | | | | • | Mortgage Demand Sinks to 22 Year Low
Applications for mortgages in the US fell 7 percent over the past week. And they're down 21 percent in the past year. That's taken overall demand down to a 22-year low. The drop has occurred as home prices have been on the rise and mortgage rates have been soaring in recent weeks, with the 30-year fixed rate last at 5.4 percent. | | | | • | Investors Shy Away from Tech Stocks
Big tech stocks have dominated the market's overall return for the past decade. But with tech stocks now facing their biggest decline since the housing crash, many investors are shifting capital towards less growth-oriented plays as they anticipate moves ahead. A record $7.6 billion has been pulled from tech mutual funds and ETFs so far this year. | | | | • | FBI Seizes Stolen SSN Marketplace
The FBI has announced that it's sized the SSNDOB Market site. The sites has been used for selling personal information, including approximately 24 million social security numbers. The site has received an estimated $19 million in revenue over the years, as identity theft costs have soared into the billions every year. | | | | • | Western Digital Considers Splitting Business
Tech hardware company Western Digital Corporation (WDC) is considering splitting its business in two. One business will focus on its flash memory business, and could be valued at high as $20 billion on its own. The other business will focus on traditional hard drive technology, where WDC is one of the major players. | | | | | | TOP | | ETSY | 4.492% | | | LVS | 4.368% | | | KMX | 4.174% | | | WYNN | 4.128% | | | BF.B | 4.092% | | | BOTTOM | | MO | 8.082% | | | CCL | 6.023% | | | EXPD | 5.626% | | | INTC | 5.272% | | | STT | 5.136% | | | | | | | | | The question is whether this slower implied pace of tightening is attributable to the belief that the Fed will meet its policy goals or because the economy will be tipping into recession. We believe the US will avoid a recession. | | - Gargi Chaudhuri, head of iShares investment strategy, on the recent shifting view by investors that the Fed will slow down its rate of increasing interest rates before the end of the year. | | |
No comments:
Post a Comment