Good morning. Companies investing in artificial intelligence (AI) have been the market's biggest...
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.
| | Stop Wasting Time and MONEY | | | | | Trader, Artificial Intelligence That Predicted The COVID Crash and Bank Implosions Weeks Ahead Is Now Able to Warn Investors About…The Next "Volatility Tornado"
… And The Top 3 Stocks About to Skyrocket
This predictive A.I. forecasts market movements and trends before they happen with incredible accuracy.
Click below To Save Your Seat and learn the top 3 stock trends we're looking at right now for massive bullish potential.
SAVE YOUR SEAT HERE >> | | | | | | DOW 34,299.12 | -0.32% | | | | S&P 4,409.59 | -0.37% | | | | NASDAQ 13,689.57 | -0.68% | | | | *As of market close | | • | Stocks were closed on Monday, in honor of Juneteenth. | | | | | | | | | | | Buy When the Bad News Piles In | | | | Sometimes, it seems like a company can do no wrong. That's when it's a dangerous time to invest. That's because good news pushes prices higher. But once buyers are exhausted, even more good news is unlikely to move prices higher. The reverse also holds true. When a company has had a series of poor earnings reports or other bad news, one more event likely won't move things too much lower. » FULL STORY | | | | | | Insider Activity Report: St. Joe Co (JOE) | | | | Jorge Gonzalez, President and CEO at St. Joe Co (JOE) recently bought 1,200 shares. The buy increased his holdings by 3 percent, and came to a total price of $54,588. This is the first insider buy in about a year. Gonzalez was also the most recent buyer in June 2022, picking up 1,200 shares at a price of $49,584. Since then, a director and major holder has sold shares on three occasions. » FULL STORY | | | | | | Unusual Options Activity: Kyndryl Holdings (KD) | | | | IT services company Kyndryl Holdings (KD) is up 47 percent over the past year, about triple the move higher in the overall stock market. One trader sees a pullback in the coming weeks. That's based on the July 21 $13 puts. With 31 days until expiration, 3,957 contracts traded compared to a prior open interest of 101, for a 34-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet.
» FULL STORY | | | | | | • | Goldman Lowers China's Growth Forecast
Investment bank Goldman Sachs (GS) is lowering its estimate for gross domestic product (GDP) growth in China from 6 percent to 5.4 percent. Other investment banks have lowered their growth outlook for China, as the country has shown minimal changes in growth and other economic data since ending its strict Covid restrictions. | | | | • | Buffett Increases Japanese Investments
Billionaire investor Warren Buffett has increased his holdings in Japan. Buffett owns the country's five largest trading houses, including Itochu (ITOCF), Marubeni (MARUY) and Mitsubishi (MITSY). Buffett started buying the stakes in 2020, and Japan's stock market has recently moved to multi-year highs. | | | | • | Homebuyers Acclimate to Higher Interest Rates
While the Federal Reserve has hinted that interest rates may still increase twice more this year, and move half a point higher, homebuyers are getting used to today's mortgage rates. Two years ago, rates stood at historic lows, with 30-year fixed rate mortgages available for under 3 percent. Today, the rate is closer to 6.5 percent, which has led to a drop in mortgage demand. | | | | • | Median Pay Continues to Rise
A survey of S&P 500 companies show that most of those firms paid their employees more in 2022 compared to 2021. About 100 of those companies reported that worker pay rose by 10 percent on average. The higher pay did not take into account tech company layoffs, which saw total workers decline, even if remaining workers were paid more on average. | | | | • | Federal Agencies Report MOVEit Breach
The federal government has confirmed that multiple agencies, including the Department of Energy, have been hit by the MOVEit breach, a cyberattack using a file transfer tool that reportedly has a flaw. The government attributes the attacks to the Clop ransomware gang, which is linked with Russia. | | | | | | TOP | | BALL | 6.882% | | | GLW | 5.364% | | | DISH | 3.606% | | | HSIC | 3.18% | | | VTRS | 3.135% | | | BOTTOM | | ARE | 4.672% | | | HUM | 4.066% | | | ADSK | 3.491% | | | STLD | 3.464% | | | EPAM | 3.349% | | | | | | | | | Wall Street remains upbeat that the AI wave won't be going away anytime soon and that investors will prefer US stocks as we see diverging central bank policies worldwide. This stock market rally seems a bit overextended but too much money remains on the sidelines, which means if the AI trade remains intact, this winning streak for the S&P 500 can continue. | | - Ed Moya, senior market analyst at Oanda, on the market's bullish reaction to the end of the debt ceiling drama and the Federal Reserve's pause on interest rate increases. | | |
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