Monday, April 3, 2023

😎The End of the One Winning Tech Trend This Year?

Good morning. The past 15 months have been rough for tech investors. But this year, artificial...
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. The past 15 months have been rough for tech investors. But this year, artificial intelligence (AI) companies have been a bright spot. However, there's now pushback against this technology's latest iteration.

Italy has banned OpenAI's ChatGPT program, citing privacy concerns. And a number of tech scientists – as well as billionaire Elon Musk – have signed a letter suggesting a six-month pause on further developments in the technology.

It's true that technology can lead to fast, disruptive changes. But over time, it's also true that humans have adapted to those changes successfully. It's likely that AI will be no different, but it may be time to hold back on investing in the AI space given the rising backlash.

Now here's the rest of the news:

Sponsored Content
The Results Are In: Bryan Perry's "Million-Dollar Beta Test"
Beta Testers following Bryan's trading system had the opportunity to collect:
  • $1.07 million in 9 months (2020)
  • $1.04 million in 10 months (2021)
  • $1.17 million in 8 months (2022)
Click here to see how these extraordinary trading gains came to pass... and find out what Bryan has planned for 2023 – his fourth and final Beta Test.

MARKETS
DOW 33,273.10 +1.26%
S&P 4,108.93 +1.43%
NASDAQ 12,221.91 +1.74%
*As of market close
Markets continued higher on Friday, closing out the first quarter on a strong note.
Oil rose 1.6 percent, last going for $75.52 per barrel.
Gold dipped 0.5 percent, ending at $1,988 per ounce.
Cryptocurrencies traded higher, with bitcoin at $28,470 at the stock market close.

Today's TOP TIPS
Follow Cyclical Stocks Starting an Upswing
Some companies tend to be growth plays. Others can be steady. A few are more cyclical, having obvious booms and busts. Tech companies that fall out of favor can become cyclical companies, provided they manage to find new products to invest in to get back on the growth track, even if it's just for a few years.

Playing this cycle can lead to bigger returns than buying and holding, particularly if buying near the start of a new cycle higher.

» FULL STORY

Insider Trading Report: Genuine Parts Co. (GPC)
Paul Donahue, CEO at Genuine Parts Company (GPC), recently bought 1,600 shares. The buy increased his holdings by 1 percent, and came to a total cost of $249,728.

This is the first buy at the company in over a year. Last year, one director bought over 1,600 shares, paying just over $200,000, on two separate occasions. Over the past two years, there has been only one insider sale.

» FULL STORY

Unusual Options Activity: Alamos Gold (AGI)
Precious metals producer Alamos Gold (AGI) has fared well over the past year, with a 44 percent gain. One trader sees a further rally in the months ahead.

That's based on the June $17.50 calls. With 74 days until expiration, 10,512 contracts traded compared to a prior open interest of 159, for a 66-fold rise in volume on the trade. The buyer of the calls paid $0.10 to make the bullish bet.

» FULL STORY

IN OTHER NEWS
Core PCE Rises Slower than Expected

Personal consumption expenditures rose 0.3 percent in February, at a slower rate than expectations for a 0.4 percent rise. Overall, the PCE rose 4.6 percent compared to a year before, down from January's annualized rise of 4.7 percent. This is a sign that inflation continues to cool off, albeit at a slow rate.
European Inflation Slows

Prices in the 20 countries comprising the Eurozone rose 6.9 percent in the prior 12 months. That's a slowdown from the 8.5 percent rise from February 2022 to February 2023. A 0.9 percent year-over-year drop in energy prices helped fuel the move lower, but still show some rising prices, such as food.
Norfolk Southern Faces EPA and Justice Department Suit Over Train Derailment

A complaint has been filed by the EPA and the Justice Department against Norfolk Southern (NSC). The complaint alleges that the company's train derailment in East Palestine, Ohio in February was a violation of the Clean Water Act. The complaint is on top of a number of negligence suits already filed.
EV Tax Credits Face New Rules

The Treasury Department has set a series of new rules for electric vehicle tax credits, which will kick in on April 18. The rules provide a tax credit of $3,750 for an EV depending on its use of critical minerals and battery components. The rules came about via last year's Inflation Reduction Act, to further encourage the expansion of EVs.
Canoo Settles With SEC For $1.5 Million

EV startup Canoo will settle a claim with the SEC for $1.5 million. The regulatory agency started investigating the company in May 2021, covering the company's merger with special purpose acquisition company (SPAC) Hennessy Capital. Several other EV-related companies faced SEC scrutiny for going public via SPAC in the past year.

S&P 500 MOVERS
TOP
ALGN  7.1%
TSLA  6.03%
NOW  5.564%
KMX 4.959%
CDAY 4.547%
BOTTOM
GNRC 4.613%
MU 3.701%
CMA 2.882%
BIDU 2.301%
VTR 2.255%

Quote of the Day
Collectively, financial markets are pricing in the best of both worlds – a recession that allows rates to be low and brings inflation down sharply, yet one that does not have a massively negative effect on corporate earnings.
- Ajay Rajadhyaksh, analyst at Barclays, on the market's reaction to a slowing economy and trouble in the banking system, and why it may be expecting a soft landing in the months ahead.

Sponsored Content
The Results Are In: Bryan Perry's "Million-Dollar Beta Test"
Beta Testers following Bryan's trading system had the opportunity to collect:
  • $1.07 million in 9 months (2020)
  • $1.04 million in 10 months (2021)
  • $1.17 million in 8 months (2022)
Click here to see how these extraordinary trading gains came to pass... and find out what Bryan has planned for 2023 – his fourth and final Beta Test.


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! We love to discover extraordinary and useful tools and share them with the world! We create a space where people can discover how to enjoy their lives by simply choosing to learn. Every day we are building and strengthening partnerships with our customers and clients and we do so in the most ethical way possible. We particularly love working with artisans, makers, and small businesses because through their passion and their craft they help make the world a better place.. Without all of you we wouldn't be able to do what we do on a daily basis and for that we say thank you. We've been living our dream for many years now and that wouldn't be possible without every single one of you. The idea of going from a typical nine to five life to a life of freedom doesn't seem real to most people, but we want you to know it is definitely possible. We've done it. You have the power to control your life, your actions, and what you choose to focus on. We're here to help you along that journey to achieve whatever goals you set out for yourself. However, we also care about keeping you and your privacy safe. We are committed to advising you of the right to your privacy. We strive to provide a safe and secure user experience. Our Privacy Policy explains how we collect, store and use personal information, provided by you on our website. It also explains how we collect and use non-personal information. By accessing and using our website, you explicitly accept, without limitation or qualification, the collection, use and transfer of the personal information and non-personal information in the manner described in this Privacy Policy. Please read this Policy carefully, as it affects your rights and liabilities under the law. If you disagree with the way we collect and process personal and non-personal information, please do not use this website. This Policy applies to this website as well as all webpages Company hosts. It regulates the processing of information relating to you and grants both of us various rights with respect to your personal data. It also informs you of how to notify us to stop using your personal information. We are located in the United States of America. You may be located in a country that has laws which are more restrictive about the collection and use of your personal information. However, by using our website, you agree to waive the more restrictive laws and agree to be governed by the laws of the United States of America. If you wish to view our privacy policy, you can find it below.



Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense.

Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.



 

This email was sent to edwardlorilla1986.paxforex@blogger.com by editor@tradingtips.com

TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405

Manage Subscriptionsreport SPAM


 

No comments:

Post a Comment