Good morning. Gold prices jumped over $2,000 per ounce last week, putting the metal within less...
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.
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| | |  | DOW 33,485.29 | +0.01% | | | | | S&P 4,105.02 | +0.36% | | | | | NASDAQ 12,087.96 | +0.76% | | | | | *As of market close | | | • | Markets were closed on Friday, in observation of Good Friday. | | | | | | | | |
| | | Use Market Uncertainty to Grab Income-Gushing Brands at a Fair Price | | | | Markets will likely remain uncertain for some time. That means daily swings will occur, punctuated with moments of extreme fear or greed. Traders can take advantage of the swings in both directions. And investors can use drops to buy great companies at a fair price.
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| | Insider Trading Report: Planet Labs (PL) | | | | Kevin Weil, President of Product and Business at Planet Labs (PL), recently bought 274,000 shares. The buy increased his stake by 16 percent, and came to a total cost just over $997,000.
This marks the first insider activity in nearly a year and a half. The company's CEO bought 19,230 shares in December 2021, as did Weil and another director. There have been no insider sales since the company went public.
» FULL STORY | | | | |
| | Unusual Options Activity: Transocean (RIG) | | | | Offshore oil and gas drilling supplier Transocean (RIG) is up nearly 50 percent over the past year. However, one trader sees shares declining in the next 15 months.
That's based on the July 2024 $7.00 puts. With 466 days until expiration, 5,326 contracts traded compared to a prior open interest of 133, for a 40-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bearish bet.
» FULL STORY | | | | |
| | • | Dimon Warns on Rising Recession Risk
Recent bank failures have increased the risk of a recession, according to JPMorgan Chase (JPM) CEO Jamie Dimon. The bank CEO is already seeing a reduction in lending, and cumulative drops in such activity could push the economy into a recession. | | | | • | After Bond Yields Rise, Stocks Look Most Unattractive Since 2007
The gap between the S&P 500's earnings yield and that of 10-year Treasury bonds has hit 1.59 percent. That's the lowest that ratio has been since October 2007. It's a sign that rising bond yields and declining corporate earnings are making stocks look less attractive relative to their risk compared to government bonds. | | | | • | "Big Short" Investor Sees Another Housing Crisis Ahead
Dave Burt, one of the investors who bet against the housing market in 2007, sees unpriced climate risk as a potential danger for the housing market. He views the overall risk as about one quarter of the size of the global financial crisis in total, with some communities at far higher risk than others. | | | | • | Walmart to Add Thousands of EV Charging Locations
Retailer Walmart (WMT) is planning on adding thousands of EV charging stations at its locations, with a potential to add thousands by 2030. The stations would be fast-charging models, and would add to the current limited network available nationwide. | | | | • | Anthropic Looks to Compete with OpenAI
AI startup Anthropic is looking to raise as much as $5 billion over the next two years, with the goal of taking on OpenAI in major industries. The company's Series C round is underway, outlining the aggressive goal. Anthropic was started in 2020 by former OpenAI reserachers. | | |
| | | | TOP | | | CTLT | 5.94% | | | | FRC | 4.018% | | | | GOOG | 3.749% | | | | GOOGL | 3.728% | | | | DISH | 3.341% | | | | BOTTOM | | | MOS | 6.146% | | | | FMC | 4.316% | | | | MPC | 3.022% | | | | COST | 2.436% | | | | CF | 2.351% | | | | |
| | |  | | We think the effect of the banking debacle still has not impacted employment. But this honeymoon will end as soon as the second quarter. Thus if somehow this March came in like a lion, April will exit like a lamb. | | - Rhys Williams, chief strategist at Spouting Rock Asset Management, on why the economy will likely show more weakness from the recent banking sector flare-up, even though the space has been fairly steady in the weeks since the implosion of Silicon Valley Bank. | |
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