Good morning. Inflation continues to drop. That's generally good news, sending the market to new...
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.
 | | Get SIX Free A.I. Stock Trend Alerts Every Week? YES > | | |  | | Are you tired of the constant struggle to stay ahead of market trends and make profitable trades? We understand the challenges faced by traders like you, and that's why we are thrilled to introduce you to TraderGPS - a user-friendly tool fueled by artificial intelligence (A.I.) that will transform your trading experience.
TraderGPS delivers six free A.I. stock trend alerts directly to your smartphone every week, enabling you to make informed decisions with confidence.
And the best part?
It's completely free!
Send me The Free A.I. Scanned Stock Alerts > | |
| | |  | DOW 34,347.43 | +0.25% | | | | | S&P 4,472.16 | +0.74% | | | | | NASDAQ 13,918.96 | +1.15% | | | | | *As of market close | | | • | Markets rallied on Wednesday, as inflation dropped to 3 percent year-over-year. | | | • | Oil rose 1.5 percent, closing at $75.94 per barrel. | | | • | Gold rallied 1.4 percent, last going for $1,964 per ounce. | | | • | Cryptocurrencies trended slightly lower, with bitcoin at $30,280 at the stock market close. | | | | | | | |
| | | Buy Companies that Regulators Slap on the Wrist | | | | Today's regulation heavy world mean that companies are often in the spotlight. That can include for actual wrongdoing or perceived wrongdoing. Big companies tend to get hit with seemingly large fines. But for companies that are large enough, even a big fine amounts to little more than a slap on the wrist.
Investors in these companies may see a few hits from time to time, but it's also a sign that a company can handle fines and fees.
» FULL STORY | | | | |
| | Insider Activity Report: SecureWorks Corp (SCWX) | | | | Neil Gagnon, a major holder at SecureWorks Corp (SCWX), recently bought 6,725 shares. The buy increased his holdings by less than 1 percent, and came to a total cost of $45,967.
Gagnon has been a regular and steady buyer of shares going back to June 2022. Going further back, several company insiders have also been buyers, including the company CEO and CFO. The last insider sale came from a fund that was a major holder in late 2021.
» FULL STORY | | | | |
| | Unusual Options Activity: Coinbase (COIN) | | | | Shares of cryptocurrency brokerage firm Coinbase (COIN) have surged over 60 percent in recent weeks amid talk of a bitcoin ETF being approved by the SEC. One trader sees a pullback in the weeks ahead.
That's based on the August $85 puts. With 35 days until expiration, 14,081 contracts traded compared to a prior open interest of 257, for a 55-fold rise in volume on the trade. The buyer of the puts paid $9.15 to make the bearish bet.
» FULL STORY | | | | |
| | • | Inflation Declines for 12th Straight Month
Consumer prices rose by 3 percent year-over-year for the 12 months ending in June. That's a further decline from May's read of 3.9 percent. This marks a full year of declines in the average rate of inflation, with the lowest pace since March 2021. This month last year, inflation came in at 9 percent. | | | | • | Lithium Demand Remains Strong
The International Energy Agency (IEA) reports that demand for lithium tripled between 2017 and 2022, with a 70 percent increase in demand for cobalt, and a 40 percent increase in demand for nickel. This demand is likely to continue growing in the coming years, as these commodities are crucial for electric vehicle production. | | | | • | Farmers Insurance Leaves Florida
Privately-held Farmers Insurance Group will stop offering policies in Florida, a move that the company expects will impact about 100,000 customers. Some of the company's subsidiaries will continue to operate in the state. Farmer's has cited the need to manage the risk of exposure to potential hurricanes. They are also the fourth home insurance company to withdraw from the market. | | | | • | Domino's Inks Deal with Uber
Pizza chain Domino's (DPZ) has announced a deal with Uber (UBER). The chain has suffered in recent years as food delivery apps have risen in popularity with users. Domino's believes the partnership could lead to another $1 billion in sales as it gets back some of the market share lost to food delivery apps. | | | | • | Firefly Generates Billionth Image
The Firefly web service, a user interface that can generate assets, has made its billionth image. The services has been expanded to include over 100 languages, including Klingon. The service is still in beta testing stages, but owner Adobe (ADBE) is on track to continue expanding access worldwide. | | |
| | | | TOP | | | DPZ | 11.092% | | | | ENPH | 5.191% | | | | IVZ | 4.841% | | | | NEM | 4.387% | | | | EMN | 4.236% | | | | BOTTOM | | | PANW | 7.03% | | | | CNC | 5.844% | | | | RXO | 4.873% | | | | ELV | 4.78% | | | | CI | 4.632% | | | | |
| | |  | | The Fed worries about there being [a] wage price spiral. I think there's going to be a recession, because the Fed [will] keep going until they see the labor market crack and until wage [growth] goes well below 4%. | | - Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company, on why the economy continues to face a recession as inflation remains sticky and the Fed needs to continue to raise interest rates. | |
|
No comments:
Post a Comment