Good morning. Rising interest rates have reduced demand for loans in everything from car payments...
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.
 | | Intelligent Trends Vs. News Gossip | | |  | | Wouldn't now be the perfect time to learn, and start putting into practice A.I. powered tools to navigate such treacherous volatility? It's available, so why aren't you trying it?
Not only is it FREE to learn in this LIVE TRAINING, you'll see in real-time A.I. Forecasts for 3 stocks ready to take off and we'll also be forecasting ticker symbols of your choice (up to 72 hours in advance). Some markets are on the brink of an all-out collapse, others are skyrocketing in Q2 and then there's usually a handful of stocks that really mean money.
Turn off the news and start following intelligent trends: SAVE YOUR SEAT NOW. | |
| | |  | DOW 33,875.40 | +0.20% | | | | | S&P 4,137.04 | +0.09% | | |  | NASDAQ 12,037.20 | -0.29% | | | | | *As of market close | | | • | Stocks traded mixed on Monday, ahead of big tech earnings later this week. | | | • | Oil rose 1.2 percent, closing at $78.77 per barrel. | | | • | Gold rallied 0.4 percent, ending at $1,998 per ounce. | | | • | Cryptocurrencies traded mixed, with Bitcoin hitting $27,340 at the stock market close. | | | | | | | |
| | | Amid Sticky Inflation, Stick With Defensive Consumer Giants | | | | While we're coming up on the next Fed meeting, which could give a sign that the central bank's interest rate hikes are finally over, we're not out of the woods yet. Inflation has slowed over the past year, but it's still running at 5 percent.
That's one of its highest levels in decades, and more than twice the central bank's inflation target. Investors should still look for companies that can handle inflation by passing on the costs to their customers via higher prices.
» FULL STORY | | | | |
| | Insider Trading Report: American Realty Investors (ARL) | | | | Bradford Phillips, a director at American Realty Investors (ARL), recently bought 2,000 shares. The buy increased his holdings by 46 percent, and came to a total cost of $40,000.
This is the third time the director has bought shares in the past year, following two buys in the $35,000 range in the fall. There have been no other insider buys, or insider sales, over the past two years.
» FULL STORY | | | | |
| | Unusual Options Activity: Hercules Technology Growth Capital (HTGC) | | | | Business development company Hercules Technology Growth Capital (HTGC) has slid nearly 30 percent over the past year. One trader sees a similar drop occurring over the next few months.
That's based on the October $10 puts. With 178 days until expiration, 7,622 contracts traded compared to a prior open interest of 170, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet.
» FULL STORY | | | | |
| | • | Insider Buying Ticks Up Following Banking Sector Chaos
Insider buying ticked up following the brief meltdown in the banking sector in March. Over 1,000 officers and directors at over 600 companies bought shares of their own stock, the highest level since last May. While sellers typically outnumber buyers among insiders, the ratio was most in favor for insider buys since last September. | | | | • | Standard Chartered Sees $100,000 Bitcoin
Standard Chartered is calling for Bitcoin to rise to $100,000 this year. That would follow up on the 66 percent gains seen year-to-date by nearly quadrupling from a current price near $27,500. The analysis is based on the strengthening case for Bitcoin amid a collapse of overleveraged banks. | | | | • | Bed Bath & Beyond Files for Bankruptcy
Retailer Bed Bath & Beyond (BBBY) is filing for bankruptcy protection. The company has closed over 400 stores over the past year, and will begin closing its 360 remaining locations. A number of other retailers are moving into vacant store space as commercial construction remains at record lows. | | | | • | Disney Begins Second Round of Layoffs
The Walt Disney Company (DIS) is started a second round of layoffs. The move will impact about 7,000 positions, with some of the largest cuts occurring at sports channel ESPN and at the company's theme parks. The company had its first round of layoffs last year, and a slowing economy and poor showing at the box office have impacted profitability. | | | | • | Shopify Adds Direct Bill Payments
E-commerce platform Shopify (SHOP) is adding a new bill pay tool from B2B payments company Melio. That will allow customers to manage their expenses directly on the platform. The move is to strengthen the company's use, and allow users to spend less time on invoice and bill payments. | | |
| | | | TOP | | | FRC | 10.203% | | | | ALB | 5.669% | | | | MDT | 4.561% | | | | HAL | 3.802% | | | | MOH | 3.096% | | | | BOTTOM | | | CARR | 7.508% | | | | T | 3.526% | | | | KEY | 3.408% | | | | ZION | 3.271% | | | | FOX | 3.18% | | | | |
| | |  | | There's the continued push-pull of the fact that the economy has been a lot more resilient than many people expected and corporate earnings have held up pretty well, all things considered. You can kind of see the bull and bear case really right there in a nutshell as far as resilient economy with stronger-than-expected corporate earnings versus a very hot, very restrictive monetary policy coming from the Fed. | | - Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, on the market's overall resilience amid a slowdown – but still strong – showing in both the economy and corporate earnings. | |
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