Good morning. Based on the latest data from betting sites, today's midterm elections will likely...
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.
| | Sell every Stock except ONE | | | | | Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... Ticker Revealed. | | | | | | DOW 32,827.00 | +1.31% | | | | S&P 3,806.80 | +0.96% | | | | NASDAQ 10,564.52 | +0.85% | | | | *As of market close | | • | Stocks closed higher on Monday, ahead of midterm elections and CPI data this week. | | • | Oil dipped 0.7 percent, closing at $91.96 per barrel. | | • | Gold traded up 0.1 percent, last going for about $1,678 per ounce. | | • | Cryptocurrencies generally dropped, with Bitcoin at $20,821 at the stock market close. | | | | | | | | | | Companies that Can Smartly Cut Expenses Can Deliver Big Profits | | | | During a boom, companies tend to need more employees or services immediately. So they pay market rates… and often end up overbuilding when the boom comes to an end. Many companies have already started laying off employees, or have held off on hiring new ones. If a company can find a way to do the same level of business (or more) with fewer employees, those lower expenses can lead to a bigger profit. That's true even if the underlying business isn't growing. » FULL STORY | | | | | | Insider Trading Report: Newell Brands (NWL) | | | | James Craigie, a director at Newell Brands (NWL), recently bought 10,000 shares. The buy increased his holdings by nearly 46 percent, and came to a total cost of just over $133,000. This marks the first insider buy at the company since mid-2021. Company directors have been sellers of shares this year until this latest buy. Over the past three years, insider buying has far exceeded insider selling. » FULL STORY | | | | | | Unusual Options Activity: Alphabet (GOOG) | | | | Shares of search engine giant Alphabet (GOOG) have shed 44 percent of their price in the past year. One trader sees a further decline ahead for shares in the next month. That's based on the December 9 $80 puts. With 31 days until expiration, 12,579 shares traded compared to a prior open interest of 183, for a 68-fold jump in volume on the trade. The buyer of the puts paid $1.42 to make the bearish bet.
» FULL STORY | | | | | | • | Consumer Confidence in Housing Hits Record Low
Only 16 percent of consumers think now is a good time to buy a home, according to the latest survey from Fannie Mae. 37 percent of consumers expect home prices to drop in the next 12 months. This negative shift has occurred amid a doubling in mortgage rates this year and a cooldown in home prices after above-average returns in 2020 and 2021. | | | | • | Traders Start Betting on $200 Oil
While oil prices have been trending back towards $100, some traders are starting to bet on oil prices moving to $200 per barrel by March. Half of those trades so far were made by a single trader. Some traders see oil rising that far as energy supplies remain low in Europe going into the winter. | | | | • | China Exports Shrink
Exports from China sank 0.3 percent in October compared to the prior month. The move has come as global demand has been declining, and as China has continued to embrace sharp lockdowns for cities showing cases of Covid-19. The decline is the worst performance from the country since May 2020. | | | | • | Meta Prepares for Large-Scale Layoffs
Meta Platforms (META) is preparing to lay off thousands of employees. The company employs 87,000, and the job cuts would add to further cuts in the tech space in recent months. Meta shares have dropped 75 percent in the last year, and the company has been the worst-performing big tech stock. | | | | • | PhotoRoom Raises $19 Million
PhotoRoom, a startup developing a photo editing app for ecommerce and small businesses, has raised $19 million in Series A funding. Early investors include Facebook and Disney+, among others. The company offers a feature that allows users to remove backgrounds on batches of photos for resale sites like eBay (EBAY) and Poshmark (POSH). | | | | | | TOP | | CCL | 11.004% | | | NCLH | 8.839% | | | LMT | 8.585% | | | RCL | 7.692% | | | LHX | 5.694% | | | BOTTOM | | MRNA | 3.749% | | | HAS | 3.131% | | | TFC | 2.678% | | | DXCM | 2.577% | | | INTC | 2.214% | | | | | | | | | The sector recently broke below an important technical price level and still trades at a significant market premium, despite earnings momentum at multi-year lows. Importantly, we are finding better opportunities in other areas of the market, such as energy, industrials, health care, and staples. | | - An analyst note at Truist, as the bank downgraded the technology sector following its poor performance already this year. | | | | Sell every Stock except ONE | | | | | Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... Ticker Revealed. | | |
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