. One of the frustrations for traders today is the contradictory economic data that continues to...
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.
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Others are doing it, so why not you? | | | | | | DOW 33,376.48 | +1.60% | | | | S&P 3,878.44 | +1.49% | | | | NASDAQ 10,709.37 | +1.54% | | | | *As of market close | | • | Stocks rallied on Wednesday, following strong consumer data. | | | • | Oil rose 2.9 percent, closing at $78.44 per barrel. | | • | Gold dropped 0.1 percent, at $1,824 per ounce. | | • | Cryptocurrencies traded lower, with Bitcoin going for $16,779 at the market close. | | | | | | | | | | Use Bear Markets to Accumulate Companies That Can Buck the Trend | | | | In a bull market, investors can buy just about any stock and make money. While it's tougher in a bear market, there are several stocks that can hold their own and even gain. That's true of every bear market. 28 of the 30 Dow stocks dropped in 2008, but 2 of them managed to move higher. In this current market, with rising interest rates and a slow economy, it's no surprise investors are turning to defensive stocks once again. » FULL STORY | | | | | | Insider Trading Report: F&G Annuities & Life Insurance (FG) | | | | Christopher Blunt, President and CEO at F&G Annuities & Life Insurance (FG), recently added 10,000 shares. The buy increased his holdings by 2.6 percent, and came to a total cost just over $195,000. This is the 7th buy from Blunt so far this month. These trades constitute the only insider activity at the company. F&G was recently made public via a spinoff from parent company Fidelity National Financial (FNF). Consequently, initial insider data is not yet finalized. » FULL STORY | | | | | | Unusual Options Activity: Deutsche Bank (DB) | | | | Shares of global money center bank Deutsche Bank (DB) are down about 15 percent over the past year. One trader sees a further decline in the months ahead. That's based on the February 2023 $10 puts. With 57 days until expiration, 9,298 contracts traded compared to a prior open interest of 149, for a 62-fold rise in volume on the trade. The buyer of the puts paid $0.32 to make the downside bet.
» FULL STORY | | | | | | • | Corporate America Largely Fine with Higher Interest Rates
About two-thirds of company CFOs in a recent survey saw now change in their spending plans as a result of rapidly rising interest rates. Interest rates now stand at a 15-year high, raising the cost for companies to borrow. About 30 percent of companies have already cut back on spending plans, but most don't see an issue as they're not planning to raise debt. | | | | • | Companies Increase Collection Efforts
Several companies are increasing their collection efforts. The move is designed to bring in more cash and limit the potential of future write-offs. It can also improve working capital, as lower accounts receivable can mean a healthier balance sheet going into a recession. | | | | • | Landlords Face Rising Costs
Rising repair costs are eating into the profits of small landlords looking to earn a passive income. Rising interest rates are also pricing out potential landlords, as mortgage rates have more than doubled this year. Added to the rising home prices of the past two years, and it's clear that the trend will take some time to normalize. | | | | • | One in Three Adults Relying on Parents for Financial Support
Nearly one-third of GenZ and millennials over the age of 18 are still getting financial support from their parents. And nearly half of parents with adult children still have a child living at home. Nearly one-quarter of parents also provide their adult children with a regular allowance. | | | | • | Starbucks NFT Program Could Increase Digital Collaborations
Starbucks Odyssey, the NFT program launched by the coffee chain, could provide an opportunity for more digital collaborations amid the rise of digital ownership of assets. That's because the program could be expanded to include other digital points, rewards, and assets beyond its starting rewards program. | | | | | | TOP | | NKE | 12.053% | | | ETSY | 5.641% | | | APA | 5.586% | | | HAS | 5.486% | | | ENPH | 5.154% | | | BOTTOM | | HST | 5.973% | | | WBA | 2.391% | | | WDC | 2.19% | | | CTLT | 2.142% | | | RXO | 1.842% | | | | | | | | | Over 90% of central banks have hiked interest rates this year, making the (mostly) global coordinated effort unprecedented. The good news? We think we're close to the end of these rate hiking cycles, which could lessen the headwind we've seen on global financial markets this year. | | - Lawrence Gillum, fixed income strategist at LPL Financial, on this year's steep global rise in interest rates, which is likely to end next year and make the investment climate less challenging for investors. | | | | How to Make 2023 Your Best Trading Year Ever | | | | | If there were a way to feel less tense and more confident as a trader, would you be interested to learn about it?
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