Good morning. At a hearing before state senators in Texas, representatives from companies such as...
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 33,147.25 | -0.22% | | | | S&P 3,839.50 | -0.25% | | | | NASDAQ 10,466.48 | -0.11% | | | | *As of market close | | • | Stocks were closed on Monday, in observation of New Year's Day. | | | | | | | | | | Watch For Companies Grabbing Market Share in a Tough Economy | | | | There are many ways to value a company. For an industry with only a few players, one key metric is market share. That's because when there are just a few companies in an industry, it's growth is largely over. So what matters most is being able to grow by getting consumers to switch. In a slowing economy, companies focusing on growing their market share could be solid winners… and could also show investors which companies to avoid right now. » FULL STORY | | | | | | Insider Trading Report: CrowdStrike Holdings (CRWD) | | | | Roxanne Austin, a director at CrowdStrike Holdings (CRWD), recently added 25,000 shares. The buy increased her holdings by 62 percent, and came to a total cost of just under $2.5 million. This marks the first insider buy since back in June, when another director picked up a mere 81 shares. Otherwise, company officers and directors have largely been sellers of shares, following the exercise of options. » FULL STORY | | | | | | Unusual Options Activity: Occidental Petroleum Corporation (OXY) | | | | Shares of oil and gas major Occidental Petroleum Corporation (OXY) are up 112 percent over the past year. One trader sees a pullback coming in the next 18 months. That's based on the June 2024 $50 puts. With 534 days until expiration, 5,001 contracts traded compared to a prior open interest of 101, for a 50-fold rise in volume on the trade. The buyer of the puts paid $6.45 to make the bet.
» FULL STORY | | | | | | • | Stocks Face Worst Year Since 2008
2022 saw the worst year for the stock market since 2008. All told, the Dow dropped 9 percent, the S&P 500 dropped about 20 percent, and the Nasdaq slid about 34 percent. That's a steep reversal from last year's bull market, when indices rose by double-digits. Meanwhile bonds fared worse, with Treasury bonds dropping about 11 percent, with the 30-year bond losing about 35 percent. | | | | • | Consumer Spending Patterns Change in China
Dealing with the impact of Covid cases and harsh lockdowns has changed consumer spending in China. Ongoing testing and lockdowns have led to an estimated youth unemployment rate of nearly 20 percent, even as the country reports about 8 percent GDP growth. | | | | • | Bahamian Regulator Seizes $3.5 Billion of FTX Crypto Assets
The Securities Commission of the Bahamas has moved about $3.5 billion of assets from FTX Digital Markets into its own digital wallets. The regulator says the funds are being held there on a "temporary basis," until the Bahamian Supreme Court can deliver them to liquidators. | | | | • | New Protocol Could Make Messaging Apps Interoperable
A protocol called Matrix is looking to bring together interoperability between multiple proprietary messaging systems. The network doubled in 2022 to 80.3 million users, largely among enterprise communications platforms. The network is looking to expand into consumer platforms this year. | | | | • | Small Businesses See Easier Hiring Conditions
Small business owners are reporting that it's getting easier to hire and retain workers in December, the first time they've said so since July. If that trend continues, it could be a sign that the tightness in the labor market is finally easing, a trend that may also suggest a slowing economy. | | | | | | TOP | | TTWO | 2.131% | | | LVS | 1.657% | | | WYNN | 1.2% | | | CDAY | 1.17% | | | APA | 1.1% | | | BOTTOM | | CRL | 3.172% | | | VNO | 3.109% | | | ETSY | 2.996% | | | TROW | 2.964% | | | RXO | 2.827% | | | | | | | | | Nothing fundamentally has changed. We just had a huge drop. The market's extended to the downside, and it's perfectly normal to see a bounce here. | | - Adam Sarhan, CEO of 50 Park Investments, on the stock market's strong day last week amid an overall weak end to the year. | | | | This Best Kept A.I. Trading Secret is Actually Free? | | | | | Not everybody knows the best kept secret of receiving artificial intelligence scanned stock alerts each week.
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