Good morning. Financial markets have bumped up their bets for a 50-basis point increase the next...
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 32,798.40 | -0.18% | | |  | S&P 3,992.01 | +0.14% | | | | | NASDAQ 11,576.00 | +0.40% | | | | | *As of market close | | | • | Markets traded mixed on Wednesday, ending near highs of the day. | | | • | Oil dropped 1.4 percent, last going for $76.49 per barrel. | | | • | Gold traded flat, ending at $1,819 per ounce. | | | • | Cryptocurrencies traded slightly higher, with bitcoin at $22,093 at the stock market close. | | | | | | | |
| | | Higher Earnings and Dividends Is the Perfect Recipe for Higher Prices | | | | Dividend-paying companies have a few ways of delivering cash to shareholders. They can borrow the money, which increases debt and debt payments. They can issue shares, which dilutes shareholders. Neither of those strategies can be done for long.
The best way is to grow their earnings and cash flow. This allows for companies to pay out a growing amount of that cash flow to the owners of the company – the shareholders. It's why investors should look for dividend-growing companies.
» FULL STORY | | | | |
| | Insider Trading Report: Dish Network Corporation (DISH) | | | | James DeFranco, a director at Dish Network Corporation (DISH), recently bought 1,450,000 shares. The buy increased his holdings by 20 percent, and came to a total cost of over $15.7 million.
The director was the last buyer of shares, picking up 110,000 of them back in September for a mere $1.84 million. All told, the director has been the sole buyer of shares since last May with 8 buys overall. The last insider sale occurred in September 2021.
» FULL STORY | | | | |
| | Unusual Options Activity: Barrick Gold Corporation (GOLD) | | | | Gold mining operator Barrick Gold Corporation (GOLD) has seen shares slide by just over one-third in the past year. One trader is betting on a rebound in shares over the coming months.
That's based on the September $21 calls. With 190 days until expiration, 9,668 contracts traded compared to a prior open interest of 375, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.30 to make the bullish bet.
» FULL STORY | | | | |
| | • | Yellen Warns on Financial Consequences of Climate Change
Treasury Secretary Janet Yellen has warned that rising temperatures could intensify natural disasters, causing declines in asset values. In turn, that could lead to a cascading effect throughout the financial system. One area where this can be seen is in disaster-prone areas where insurance companies have been scaling back operations. | | | | • | Powell Ready to Increase Pace of Interest Rate Hikes
Citing the continued inflation well over its target of 2 percent, Federal Reserve Chairman Jerome Powell has stated that the central bank could raise interest rates more than a quarter-point at a time. The central bank's most recent hike was a quarter point, but most of its hikes in 2022 were made in three-quarter increments. | | | | • | IRS: Americans Should Expect Lower Refunds This Year
The Internal Revenue Service expects about two-thirds of Americans to receive refunds this year. However, with the end of pandemic-era tax breaks, the total refund is likely to drop from $3,473 to $3,079. Filers should generally expect a refund within 21 days of filing their returns. | | | | • | Slack to Integrate ChatGPT
Salesforce (CRM) has announced that it's partnering with OpenAI to launch ChatGPT on its messaging service Slack. The chatbot will allow users to receive conversation summaries, research tools, and provide writing assistance, among other features. The tool is currently in beta testing. | | | | • | Facebook to Bring Back In-App Messaging
Facebook is testing the ability to use the Messenger inbox within the app. This feature was removed in 2016, as a way of pushing users to download the Messenger app separately. The test is in its early stages, and is likely to see more integration in the coming year. | | |
| | | | TOP | | | ON | 5.102% | | | | AMD | 3.474% | | | | ANET | 3.374% | | | | DXC | 3.343% | | | | WBD | 3.053% | | | | BOTTOM | | | NCLH | 4.731% | | | | BF.B | 4.46% | | | | SIRI | 4.187% | | | | VLO | 3.797% | | | | REGN | 3.749% | | | | |
| | |  | | The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes. | | - Jerome Powell, Federal Reserve Chairman, on the need for interest rates to stay higher for longer, which will likely keep the economy slow and asset prices from making big moves higher. | |
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