Good morning. The labor market continues to defy other economic data showing a slowdown...
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 33,869.27 | +0.50% | | | | S&P 4,090.46 | +0.22% | | | | NASDAQ 11,718.12 | -0.61% | | | | *As of market close | | • | Markets traded mixed on Friday, with tech continuing lower. | | • | Oil rose 2.3 percent, closing at $79.82 per barrel. | | • | Gold traded flat, going for $1,876 per ounce. | | • | Cryptocurrencies traded lower, with bitcoin at $21,745 at the market close. | | | | | | | | | | For Better Investment Results, Follow Companies Being Pushed to Improve | | | | Markets are cyclical, and often so are companies. A great product or service won't last forever. Once the market has been saturated, new products or features are needed to keep revenues growing at a company. For tech companies, this constant iteration is fantastic. It's inexpensive to develop new ideas and roll them out. And for many tech services, new features can be added while keeping customers on a monthly payment plan. » FULL STORY | | | | | | Insider Trading Report: PacWest Bancorp (PACW) | | | | William Hosler, a director at PacWest Bancorp (PACW), recently bought 3,750 shares. The buy increased his stake by 7 percent, and came to a total cost of $99,300. The director was the last buyer as well, with an 8,000 share pickup for $200,000 last June. The company's CEO has sold shares twice since then, but still owns over 1 million shares of the company in total. » FULL STORY | | | | | | Unusual Options Activity: V.F. Corporation (VFC) | | | | Shares of apparel manufacturing company V.F. Corporation (VFC) are down about 55 percent over the past year. One trader sees further downside in the next three months. That's based on the May $22.50 puts. With 95 days until expiration, 20,019 contracts traded compared to a prior open interest of 245, for an 82-fold rise in volume on the trade. The buyer of the puts paid $0.98 to make the bearish bet.
» FULL STORY | | | | | | • | Russia to Cut Oil Output
Russia will cut its production of oil. The country made the move following sanctions that were put in place against Russia following its invasion of Ukraine. The move caused oil prices to rise, which to some extent well help offset Russia's reduced oil sales to Europe. | | | | • | Stock Buybacks Hit Record High in 2022
Despite a declining market last year, corporations spent a record $1.22 trillion buying back their own shares. Based on current trends, the record could be on track to be broken again in 2023, as energy and tech companies are increasingly diverting cash flow to buying back shares. | | | | • | Hybrid Workers See Strongest Wages
New research shows that hybrid workers – who spend between 1 and 4 days in the office each week—earn more than fully remote employees. Meanwhile employees who have 0 remote workdays per week earn the lowest. On average, hybrid workers earned $80,000 per year, fully-remote employees earned $74,000 per year, and fully in-office employees averaged $55,000. | | | | • | H1B Workers Hit Hard by Tech Layoffs
An increasing number of H1B employees are under pressure amid a surge in tech layoffs. Under the H1B system, foreign workers in the U.S. who lose their jobs have 60 days to find a new one, or to return to their country of origin. | | | | • | Kraken Ends Crypto-Staking Services
Cryptocurrency brokerage Kraken is ending its staking services. The move comes after the Securities and Exchange Commission settled with the company for $30 million, and is shutting down its on-chain staking program. Under the settlement agreement, Kraken neither admits nor denies the allegations the SEC has made. | | | | | | TOP | | DXCM | 9.931% | | | MRO | 6.200% | | | VLO | 6.115% | | | APA | 6.115% | | | GPN | 5.589% | | | BOTTOM | | NWS | 9.784% | | | NWSA | 9.374% | | | EXPE | 8.555% | | | TSLA | 5.031% | | | NVDA | 4.799% | | | | | | | | | We saw such a fast and furious pop in the market to start the year, with expectations kind of racing ahead that soft landing is now kind of the expectation… It's not baked in, necessarily, that a soft landing is in the cards. | | - Stephanie Lang, chief investment officer at Homrich Berg, on why the market may be in for a decline in the weeks ahead following the strong performance since the start of the year. | | | | 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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