Good morning. We like the use of options as a way to profit from a stock that could potentially...
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.
| | FREE Ben Stein Retirement Guide | | | | | There's a new report just out from famed author, actor and economist Ben Stein…
In this FREE REPORT, Ben reveals the lessons he learned from his late father and economist Herbert Stein.
He covers… - Two critical lessons from his father about the financial crises he was forced to overcome.
- How everyday Americans are currently ruining their retirements (and how they could stop the bleeding).
- Plus, so much more!
All you have to do is request your Free Report today and a copy will be sent to your doorstep ASAP. Click Here to Request Your Free Ben Stein Report Today! | | | | | | DOW 34,128.05 | +0.11% | | | | S&P 4,147.60 | +0.28% | | | | NASDAQ 12,070.59 | +0.92% | | | | *As of market close | | • | Markets closed higher on Wednesday, shaking off morning losses. | | • | Oil slid 0.5 percent, closing at $78.66 per barrel. | | • | Gold dropped 1 percent, going for $1,848 per ounce. | | • | Cryptocurrencies moved higher, with Bitcoin at $24,105 at the market close. | | | | | | | | | | Follow This Travel Trend for the Best Returns | | | | Travel still remains below its pandemic levels, however, that could change this year. Companies in the travel and tourism space report robust demand, even with other parts of the economy showing a decline. One area with reasonable upside here is in hotel-related companies. That's because booking trends have proven strong, even going into the new year and past the holiday season. » FULL STORY | | | | | | Insider Trading Report: Diebold Nixdorf (DBD) | | | | Gary Greenfield, a director at Diebold Nixdorf (DBD), recently picked up 17,500 shares. The buy increased his holdings by 11 percent, and came to a total cost of $50,358. The buy comes a day after the company's President and CEO picked up 30,000 shares, shelling out $68,300. Company insiders were last active back in May, when the company CFO and a number of directors bought shares. The last insider sale occurred in 2021. » FULL STORY | | | | | | Unusual Options Activity: The Coca-Cola Company (KO) | | | | Shares of beverage behemoth The Coca-Cola Company (KO) dropped earlier this week on missed earnings. One trader is betting on a quick rebound in the weeks ahead. That's based on the March 24th $61 calls. With 36 days until expiration, 5,133 contracts traded compared to a prior open interest of 11, for a 46-fold rise in volume on the trade. The buyer of the calls paid $0.62 to make the bullish bet.
» FULL STORY | | | | | | • | Retail Sales Jump in January
U.S. retail sales rose by 3 percent month-over-month in January, hitting $697 billion. That's nearly double estimates for a 1.7 percent rise. Vehicles and gas prices, typically the most volatile components of spending, only accounted for 0.4 percent of the change. | | | | • | Gambling Revenues Hit Record In 2022
Revenues from gambling hit $60 billion in 2022, a record high and a 14 percent rise over the prior year. That includes physical casinos, as well as from online sites, but excludes tribal-owned casinos. The previous record was $53 billion, set in 2021. | | | | • | Diamond Sports Prepares for Bankruptcy
Diamond Sports, an independent subsidiary of Sinclair Broadcast Group (SBGI), is preparing for bankruptcy. The company owns the largest portfolio of regional sports networks, but is missing a $140 million interest payment on debt owed to bondholders. | | | | • | Berkshire Sells Taiwan Semiconductor Stake
Berkshire Hathaway (BRK-A) has sold most of its holdings in Taiwan Semiconductor (TSM). The company has 8.3 million shares remaining, worth about $618 million, following the sale of about 86 percent of its stake. Taiwan Semiconductor accounts for nearly 90 percent of the world's most advanced computer chips. | | | | • | Tesla to Expand Supercharger Network
Tesla Motors (TSLA) is looking to double its supercharger network in the coming years. The company is also working to make at least 7,500 chargers available for all EV models, not just Tesla models, by the end of 2024. That could allow the company to benefit from some government programs tied to the expansion of electric vehicles. | | | | | | TOP | | SEDG | 9.096% | | | PARA | 8.886% | | | GNRC | 6.869% | | | ADI | 6.768% | | | MLM | 6.735% | | | BOTTOM | | DVN | 10.283% | | | AKAM | 10.172% | | | PXD | 5.333% | | | OXY | 5.027% | | | MRO | 4.4% | | | | | | | | | While there were no major surprises in [Tuesday's] CPI reading, it is a reminder that while inflation has peaked it could be a while before we see it moderate to normal levels. The question remains if inflation will be able to fall to the Fed's target levels with the labor market as tight as it currently is. That could be the recipe for a soft landing, but it remains to be seen when the Fed will shift away from rate hikes and if the labor market will lose its resiliency. | | - Mike Loewengart, Morgan Stanley Global Investment Office portfolio manager, on the potential for the economy to slide into a mild recession and avoid major trouble as inflation comes down. | | | | FREE Ben Stein Retirement Guide | | | | | There's a new report just out from famed author, actor and economist Ben Stein…
In this FREE REPORT, Ben reveals the lessons he learned from his late father and economist Herbert Stein.
He covers… - Two critical lessons from his father about the financial crises he was forced to overcome.
- How everyday Americans are currently ruining their retirements (and how they could stop the bleeding).
- Plus, so much more!
All you have to do is request your Free Report today and a copy will be sent to your doorstep ASAP. Click Here to Request Your Free Ben Stein Report Today! | | |
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