Good morning. Most stock analysis starts with the price to earnings ratio. Over the past year,...
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 29,590.41 | -1.62% | | | | S&P 3,693.23 | -1.72% | | | | NASDAQ 10,867.93 | -1.80% | | | | *As of market close | | • | Markets moved lower on Friday, with the Dow hitting a new low for 2022. | | • | Oil sank 5.4 percent, closing at $78.97 per barrel. | | • | Gold dropped 1.8 percent, last going for about $1,652 per ounce. | | • | Cryptocurrencies moved lower, with Bitcoin at $18,807 at the stock market close. | | | | | | | | | | This Troublesome Trend Points to A Profitable Solution | | | | The world is in the grip of an energy crisis. Shortages in Europe could lead to brownouts this winter, or reduced energy available for things like home heating. In the meantime, the US faces a number of potential issues like wildfires, heat waves, and hurricanes, which can wreak havoc on the power grid. While improvements will continue over time, power interruptions are a way of life. And they could continue to be so for some time. » FULL STORY | | | | | | Insider Trading Report: Luminar Technology (LAZR) | | | | Austin Russell, President, and CEO at Luminar Technology (LAZR), recently added 25,000 shares. The buy increased his holdings by 2.5 percent, and came to a total price just under $247,000. That's the third buy for 25,000 shares from the CEO in as many weeks. And earlier this month, a company director bought 59,950 shares, paying just under $500,000. The last insider sale at the company occurred back in May. » FULL STORY | | | | | | Unusual Options Activity: Meta Platforms (META) | | | | Shares of social media giant Meta Platforms (META) have lost nearly 60 percent of their value in the past year. One trader sees a potential rebound in the months ahead. That's based on the January 2023 $125 calls. With 116 days until expiration, 25,000 contracts traded compared to a prior open interest of 482, for a 52-fold surge in volume on the trade. The buyer of the calls paid $28.68 to make the bet.
» FULL STORY | | | | | | • | Economy Faces 1.2 Million Job Losses Amid Higher Interest Rates
The Federal Reserve expects unemployment to rise from 3.7 percent to 4.4 percent next year amid its rapid series of rate hikes. That implies that 1.2 million workers could lose their jobs in the coming months, which would add to the current economic slowdown. At the Fed's highest range of 5 percent, a full 2.2 million workers could lose their jobs. | | | | • | British Pound Hits Lowest Level Against Dollar Since 1985
The British Pound has sunk to $1.10 against the US dollar, the lowest level since 1985, some 37 years ago. The latest downswing has occurred as the House of Commons has announced new measures to stimulate the economy, including a mix of tax cuts and business incentives. | | | | • | Low Volatility Funds See First Inflows Since 2019
Nearly $6.5 billion had gone into low-volatility funds this year. That's put the space on track for its first inflows since 2019. These funds seek to invest in stocks with the smallest daily moves, a strategy that investors ignored over the past two years during the most recent market boom. | | | | • | Streaming Companies Preparing Ad Tiers
Streaming services Netflix (NFLX) and Disney+ (DIS) are looking to launch ad-supported tiers. The lower-priced options will include commercials, with the goal of having a cheaper plan to avoid subscriber losses, which have started to pick up with the end of the pandemic. | | | | • | Crypto Derivative Protocol Nibiru Hits $100 Million Valuation
Nibiru, a cryptocurrency derivative protocol, has raised $7.5 million in seed funding at a valuation of $100 million. The protocol looks to serve users across 40 different blockchains, creating a common language between them for more efficient trading and cross-use. | | | | | | TOP | | DPZ | 3.246% | | | GNRC | 2.946% | | | TCOM | 2.285% | | | IDXX | 2.159% | | | ALGN | 1.62% | | | BOTTOM | | APA | 11.83% | | | MRO | 10.797% | | | DXC | 9.354% | | | FANG | 9.025% | | | HES | 8.899% | | | | | | | | | The Fed's paved the way for much of the world to continue with aggressive rate hikes, and that's going to lead to a global recession, and how severe it is will be determined on how long it takes inflation to come down. | | - Ed Moya, senior market analyst at Oanda, on why the market will continue to face pressure from rising interest rates until inflation levels come back down from multi-decade highs. | | |
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