Good morning. A recent poll showed that stocks are only the third-best long-term investment...
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. A recent poll showed that stocks are only the third-best long-term investment. By and large, Americans favor real estate. Given how owning one's home and paying down a mortgage over time while prices increase can lead to a major chunk of one's wealth, that's no surprise.
But the new second place, topping stocks, is gold. The metal has been a strong performer this century, rising from a low under $400 in 2000 to near the $2,000 mark today. There's certainly a case for owning a small percentage of gold in any investment portfolio. But over time, owning a basket of stocks and reinvesting the dividend will lead to not only bigger returns, but cash flows as well.
With this recent rising interest in gold, however, traders and investors may want to consider buying the major gold mining stocks when they have one of their periodic selloffs to play a bounce higher. Now here's the rest of the news: | | | | | | | | What Will The Crypto Market Unleash Next? | | | | | "I can't recommend these live forecast events highly enough." That's what Anthony from Los Angeles, CA said. He's talking about my upcoming Live Crypto Forecast. I'm pulling back the curtain and revealing what's really going on behind the scenes in the crypto market. For example… - Why now is the best time to position yourself for big gains
- Which mega trends to follow and which ones won't pan out
- What developments will have the biggest impact on investors
- And that's just the tip of the iceberg.
Click Here to Register for Free Now. Clicking automatically opts you into Boardwalk Flock's newsletter (privacy policy) | | | | | | DOW 33,042.78 | -0.15% | | | | S&P 4,205.52 | +0.00% | | | | NASDAQ 13,017.43 | +0.32% | | | | *As of market close | | • | Stocks traded mixed on Tuesday, as AI stocks continued rallying higher. | | • | Oil sank 4 percent, closing at $69.74 per barrel. | | • | Gold rose 0.8 percent, ending the day at $1,979 per ounce. | | • | Cryptocurrencies traded higher, with bitcoin at $27,849 at the market close. | | | | | | | | | | Find Companies Improving Their Balance Sheets in Tough Markets | | | | When stocks are rallying and interest rates are low, it's easy for companies to expand by either selling more shares or taking on debt. But selling too many shares dilutes existing shareholders and may spark a backlash. And when debt comes due and has to be refinanced, markets may balk. So companies that are improving their balance sheet now could be big winners down the line. » FULL STORY | | | | | | Insider Trading Report: Safety Insurance Group (SAFT) | | | | SRB Corp, a major holder of Safety Insurance Group (SAFT), recently bought 39,000 shares across two transactions. The buy increased the company's holdings by 3 percent, and came to a total price of about $2.8 million. This marks the first insider buying activity in the company in over two years. Company directors and executives have been regular and steady sellers of shares over the past two years, with no sale larger than $268,000. » FULL STORY | | | | | | Unusual Options Activity: PacWest Bancorp (PACW) | | | | Regional bank PacWest Bancorp (PACW) has seen shares drop 80 percent over the past year as a banking crisis has unfolded. Shares are volatile on a daily basis, and one trader sees the stock moving lower in the weeks ahead. That's based on the July 21 $4 puts. With 51 days until expiration, 18,843 contracts traded compared to a prior open interest of 246, for a 77-fold rise in volume on the trade. The buyer of the puts paid $0.70.
» FULL STORY | | | | | | • | Home Prices Rise for Second Month
Home prices in the U.S. rose for a second month in a row, with a 0.4 percent increase based on the Case-Shiller US National Home Price Index. Without a seasonal adjustment, prices rose 1.3 percent month-over-month. Prices appear to be holding up strong thanks to lower inventory, even as relatively high mortgages rates have kept some potential buyers off market. | | | | • | China Could Stimulate Economy
Following low service and consumption spending this year, even after fully opening up their economy, China may consider stimulus measures in the months ahead. While there has been some pent-up demand for services, the same hasn't been the same with rising goods, with industrial profits dropping 20.6 percent year-over-year between January and April. | | | | • | Nvidia Market Cap Tops $1 Trillion
Chipmaker Nvidia (NVDA) has become the seventh U.S. company to see a market cap top $1 trillion. The stock is surging following last week's earnings and announcement at the company is looking to become a leader in artificial intelligence. Nvidia is the first chipmaker to join the trillion-dollar-club. | | | | • | SPAC Insiders Sold Billions Before Drop
Company insiders at special purpose acquisition companies (SPACs) sold shares worth about $22 billion as these companies went public. SPACs saw massive investor interest in 2020 and 2021, but have since largely lost money for retail investors, with some companies even going bankrupt within a few years of going public. | | | | • | Carrum Health Raises $45 Million in Series B Funding
Healthcare company Carrum Health has raised $45 million in Series B funding. The company provides surgical and cancer treatment guidance and coordination services, enabling self-funded employers to buy specialist medical care. The company estimates that it can reduce unnecessary procedures by as much as 30 percent, and help employers save as much as 45%. | | | | | | TOP | | PARA | 6.271% | | | ENPH | 5.454% | | | QCOM | 5.256% | | | SNPS | 4.472% | | | PWR | 4.368% | | | BOTTOM | | NTES | 5.385% | | | APA | 4.011% | | | BALL | 3.708% | | | TGT | 3.671% | | | ETSY | 3.449% | | | | | | | | | AI is fueling growth for a wide range of companies, including semiconductors and cloud computing. The broad AI hardware and services market was nearly USD 36bn in 2020, based on IDC and Bloomberg Intelligence data. We expect the market to grow by 20% CAGR to reach USD 90bn by 2025. So, we don't see the AI-related rally as unsustainable. | | - Mark Haefele, CIO at UBS Global Wealth Management, on the rally in AI-related stocks over the past week, and why the move can likely continue over time given the high growth potential. | | | | What Will The Crypto Market Unleash Next? | | | | | "I can't recommend these live forecast events highly enough." That's what Anthony from Los Angeles, CA said. He's talking about my upcoming Live Crypto Forecast. I'm pulling back the curtain and revealing what's really going on behind the scenes in the crypto market. For example… - Why now is the best time to position yourself for big gains
- Which mega trends to follow and which ones won't pan out
- What developments will have the biggest impact on investors
- And that's just the tip of the iceberg.
Click Here to Register for Free Now. Clicking automatically opts you into Boardwalk Flock's newsletter (privacy policy) | | |
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