💵Don’t Trust Politicians with Your Cash – Use Your Common Sense Instead

Good morning. We're not fans of government officials telling us everything is fine. President...

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.

Good morning. We're not fans of government officials telling us everything is fine. President Biden is the latest in a long line of such politicians, with his announcement yesterday that "the banking system is safe." It's reminiscent of statements in early 2007 that subprime mortgages were "contained." Banking panics can and do happen. They weed out weak, and overleveraged banks. And thanks to deposit insurance, most individuals face little risk as a result. The government's decision to backstop Silicon Valley Bank depositors over the $250,000 limit is a bailout for wealthy investors who had money parked there. But it may also prevent companies using the bank for services from going bankrupt. The bottom line is that investors should be cautious, use your common sense, and not leave more cash in any single bank or bank account than they can afford to go without for some time if that bank fails. Now here's the rest of the news: Sponsored Content My #1 Rule: Don't Buy Options! Most options traders place high-risk trades, hoping for a big payout. But they lose... a LOT! That's why Jim Fink flips options trading on its head, making money more than 85% of the time. Now, he's offering his personal strategy guide to readers which could unlock as much as $67,548 in extra income for you in the coming months. Get your copy now by clicking here. MARKETS DOW 31,819.14 -0.28% S&P 3,855.76 -0.15% NASDAQ 11,188.84 +0.45% *As of market close • Markets traded mixed on Monday, as traders digested the moves by banking regulators to shore up the sector. • Oil slid 2.9 percent, last going for $74.45 per barrel. • Gold jumped 2.8 percent, ending at $1,919 per ounce. • Cryptocurrencies surged higher, with bitcoin at $24,229 at the stock market close. Today's TOP TIPS Companies With an Expanding Niche Can Be Long-Term Winners Most companies tend to find that they have their best profitability in a narrow niche. But over time, competition or changing consumer tastes can eat away at that niche. Many firms have found that expanding into other roles can be a long-term winner. Big tech companies in particular have been good about expanding beyond just one piece of hardware or software, and into creating a suite of experiences that can bring back customers time and time again. » FULL STORY Insider Trading Report: Piedmont Lithium (PLL) Michael Bless, a director at Piedmont Lithium (PLL), recently bought 1,750 shares. The buy is an initial stake for the director, and came to a total cost of $105,250. This is the first insider buy since last July, when the company CFO bought 2,700 shares, paying just over $101,000, at a price of about $37.50 for the stock. Since then, multiple insiders have been sellers of shares, including the company CEO and CFO. » FULL STORY Unusual Options Activity: U.S. Bancorp (USB) Money center bank U.S. Bancorp (USB) has seen shares drop about 25 percent in the past year. One trader sees a further drop for shares in the coming months. That's based on the June 16 $30 puts. With 94 days until expiration, 5,377 contracts traded compared to a prior open interest of 100, for a 54-fold rise in volume on the trade. The buyer of the puts paid $0.53 to make the bearish bet. » FULL STORY IN OTHER NEWS • Investors Shift to Safe Haven Trades Amid Bank Fears Bond yields dropped on Monday as investors moved their cash there. Rising concerns over the safety of the banking system drove the move. Investors also found a safe-haven in gold, which jumped over 2 percent to over $1,900 in trading on Monday. • Markets See End to Interest Rate Hikes Traders have shifted their expectations for more interest rate hikes lower, following a rising crisis in confidence over the banking system. Now, traders largely expect that there will be no move in interest rates when the Fed meets later this month. One week ago, expectations were centered around a 50-basis point rate hike. • Aramco Reports Record Profits Saudi oil giant Aramco reported $161.1 billion in profits for 2022, a 46 percent increase over the prior year. They're the latest oil giant to report record profits, even as oil prices saw big swings over 2022. The company did see capital expenditures rise 18 percent. • Pfizer to Buy Seagen Drugmaking giant Pfizer (PFE) has agreed to pay $43 billion to acquire Seagen (SGEN), a maker of targeted cancer drugs. The terms are for $229 per share in cash, with the deal likely to close late in 2023, or in early 2024. The news may lead to further merger and acquisition activity in the space. • Qualtrics to Go Private In $12.5 Billion Deal Qualtrics (XM) has agreed to go private in a deal valued at $12.5 billion. The all-cash offer came from private equity firm Silver Lake and the Canada Pension Plan Investment Board. News of a potential deal came out a week ago. Qualtrics, was spun out as an independent company two years ago. S&P 500 MOVERS TOP ILMN  16.479% MRNA  7.499% NEM  7.258% MKTX  5.157% TYL 5.108% BOTTOM FRC 62.659% KEY 27.682% CMA 27.4% ZION 23.252% HBAN 16.537% Quote of the Day For the week ahead, it's going to be about how fear and economics play out. If the market feels that Silicon Valley Bank is an isolated event, then the fear and contagion driven selling may abate. And if that happens then it's all back to the Fed and inflation. - Amit Sinha, head of multi-asset design at Voya Investment Management, on why the market may calm down if no further disruptions come out of the banking sector this week. Sponsored Content My #1 Rule: Don't Buy Options! Most options traders place high-risk trades, hoping for a big payout. But they lose... a LOT! That's why Jim Fink flips options trading on its head, making money more than 85% of the time. Now, he's offering his personal strategy guide to readers which could unlock as much as $67,548 in extra income for you in the coming months. Get your copy now by clicking here. Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. It's our passion to build a strong community centered around fun and mindset! 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