Good morning. Just 12 percent of Americans, or about 1 out of every 8, is looking to buy an all...
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 33,786.62 | -0.33% | | | | S&P 4,129.79 | -0.60% | | | | NASDAQ 12,059.56 | -0.80% | | | | *As of market close | | • | Stocks dropped on Thursday, amid weaker-than-expected earnings from Tesla Motors. | | • | Oil slid 2.4 percent, closing at $77.29 per barrel. | | • | Gold rose 0.4 percent, ending at $2,015 per ounce. | | • | Cryptocurrencies sank, with Bitcoin hitting $28,116 at the stock market close. | | | | | | | | | | Continue Playing to Winning Retail Trends | | | | Consumer spending may be slowing… but it's also a huge chunk of the economy. And no matter how bad things slow down, there are still many goods that people will need to buy. That may be bad news for those who make higher-end goods. Ultra-wealthy consumer unaffected by the economy can only buy so much for themselves. That leaves companies that offer the best bargains for consumers as the top way to play current economic trends. » FULL STORY | | | | | | Insider Trading Report: Delta Air Lines (DAL) | | | | David Taylor, a director at Delta Air Lines (DAL), recently bought 5,000 shares. The buy increased his holdings by 9 percent, and came to a total cost of $167,805. This marks the first insider buy since January, when another director bought 12,880 shares at a cost of just over $496,000. A few company executives have been sellers of shares so far this year, including the company's President, on two separate occasions. » FULL STORY | | | | | | Unusual Options Activity: Xerox Holdings Corporation (XRX) | | | | Document management company Xerox Holdings Corporation (XRX) have been trading in a range for most of the past year. One trader sees shares continuing to trend toward the lower end of that range in the weeks ahead. That's based on the May $14 puts. With 28 days until expiration, 4,247 contracts traded compared to a prior open interest of 119, for a 36-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet.
» FULL STORY | | | | | | • | Spring Home Market Slow as Affordability Remains High
The spring season has been historically slow for home sales this year, as higher mortgage rates have reduced potential borrowers. Listings have also been on the low side, as potential sellers are hanging tight right now. Experts see the housing market potentially able to thaw out if mortgage rates drop into the 5.5 percent range. | | | | • | Savings Account Rates Rise to 15-Year High
Cash in the bank is now hitting its highest returns in over 15 years. Banks are raising the rates paid to depositors amid fears in the banking sector as well as the higher rates available with short-term U.S. Treasury bonds. However, overall savings rates are declining, leading to fewer taking advantage of higher rates. | | | | • | Seagate Faces $300 Million Penalty for Shipping Huawei Hard Drives
Hard drive manufacturer Seagate Technology (STX) has agreed to pay a $300 million penalty for shipping $1.1 billion in hard drives to China-based firm Huawei in violation of U.S. export agreements. The drives were sold between August 2020 and September 2021, one year after the start of the blacklist. | | | | • | SpaceX Starship Explodes Shortly After Launch
Calling it a "rapid unscheduled disassembly," the SpaceX Starship exploded shortly after its test launch. The unmanned rocket went up at about 9:30 Eastern Time from a launchpad in South Texas. Booster engines from the first stage were seen leaving a trail of flames shortly before the explosion. | | | | • | Robot Delivery Firm Robust.AI Raises $20 Million
Robust.AI, a company looking at creating robotics hardware and software for automation delivery services, has raised $20 million in Series A-1 funding. This follows on the company's Series A funding in late 2020, which raised $15 million. The company's products are bundled, offering both hardware and software in a single package. | | | | | | TOP | | SNA | 7.38% | | | LRCX | 6.666% | | | NUE | 5.697% | | | DHI | 5.395% | | | STLD | 5.347% | | | BOTTOM | | T | 10.761% | | | TSLA | 10.433% | | | STX | 9.205% | | | BIO | 6.018% | | | CCI | 5.369% | | | | | | | | | The market's really been sort of ho-hum in this earnings season so far. We've been concerned about shrinking corporate profits and earnings going lower, and that is starting to play out certainly in companies that have reported so far, but the market hasn't really been reacting too much to that. | | - Sandi Bragar, chief client officer at Aspiriant, on the start of earnings season which confirms a slowdown in corporate profitability that traders have suspected for months. | | |
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