Good morning. The United States has started preventing chip exports to China in recent months...
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.
| | Don't Let Your Savings Slip Away! Attention! | | | | | The fed's ominous program to manipulate American bank accounts is a looming danger.
They possess the authority to monitor all your transactions and have the ability to freeze accounts arbitrarily.
Time is of the essence – the deadline is approaching!
Learn three simple steps revealed in this video and shield your savings from impending disaster.
Click to Learn How | | | | | | DOW 34,288.64 | -0.38% | | | | S&P 4,446.82 | -0.20% | | | | NASDAQ 13,791.65 | -0.18% | | | | *As of market close | | • | Markets moved lower on Wednesday, as the latest Fed meeting minutes came out. | | • | Oil jumped 3.2 percent, closing at $72.00 per barrel. | | • | Gold dipped 0.3 percent, last trading at $1,924 per ounce. | | • | Cryptocurrencies traded lower, with bitcoin at $30,435 at the stock market close. | | | | | | | | | | Buy Ahead of Profitability for Better Returns | | | | When a company is out of favor with the market, it has to prove itself. That can mean successfully undertaking a turnaround, or selling off part of the company. Most of the time, it means streamlining the business and moving towards profitability. For companies that aren't profitable right now, those that can embrace new trends and grow the business over time are in a great position to surprise investors with positive results later that aren't expected today. » FULL STORY | | | | | | Insider Activity Report: MediaAlpha (MAX) | | | | White Mountains Insurance Group, a major holder of MediaAlpha (MAX) has acquired an additional 5,916,816 shares. The buy came to over $35 million, and is a 35 percent increase in the insurance company's position in shares. This marks the first insider buy this year. Some company insiders have been sellers of shares this year, mostly in February at a higher price than where the stock trades today. » FULL STORY | | | | | | Unusual Option Activity: Activision Blizzard (ATVI) | | | | Video game developer Activision Blizzard (ATVI) is up about 10 percent over the past year, with shares recovering from the drop on news that their potential buyout from Microsoft (MSFT) wouldn't meet with regulatory scrutiny. One trader sees a further rally ahead. That's based on the November $100 calls. With 133 days until expiration, 7,013 contracts traded compared to a prior open interest of 214, for a 33-fold rise in volume. The buyer of the calls paid $0.50.
» FULL STORY | | | | | | • | Highly Indebted Companies Could Lead to Market Trouble
Companies with high levels of debt could be in trouble given the need to refinance with interest rates at their highest level in 15 years. While markets are shrugging off those high rates, with junk bonds rallying so far this year, the chance of defaults continue to increase, particularly for smaller companies with fewer good alternative to capital. | | | | • | 2.4 Million Homeowners Priced Out
An estimated 2.4 million homeowners have been priced out of the market due to high prices and rising interest rates between March 2022 and March 2023. Home payments are up 30 percent over that period, even as home prices slightly dropped on average. In nearly one-third of metro areas, homeowners need an estimated salary over $100,000 to afford monthly payments. | | | | • | Saudi Aramco Sees Higher Future Demand for Oil
Saudi Aramco, the largest company in the world by market cap, sees a short-term drop in demand for oil amid recessionary fears. The oil giant expects higher demand in the years ahead, and that the current cuts underway now will only last through the end of 2024. | | | | • | UPS and Teamsters Move Towards Possible Strike
A strike is looming between UPS (UPS) and the Teamsters' union. The current contract, covering 340,000 UPS workers, ends on July 31. So far, the parties have not been able to come to an arrangement that would avoid a strike. Many of the company's customers were expecting a deal over the holiday weekend, to avoid delaying the signing of long-term contracts. | | | | • | CADDi Raises $80 Million in Series C Funding
CADDi, a business-to-business marketplace startup for the manufacturing industry, has raised $89 million in Series C funding. So far, the company has raised $164 million, to scale its operation for equipment manufacturers to improve their supply chains. | | | | | | TOP | | MELI | 4.491% | | | PCG | 3.125% | | | FIS | 3.103% | | | SBAC | 2.965% | | | META | 2.919% | | | BOTTOM | | GNRC | 8.048% | | | LVS | 5.615% | | | QRVO | 5.363% | | | STLD | 4.992% | | | WYNN | 4.568% | | | | | | | | | Investors are saying, 'you know what, maybe now is the time to alter my mindset from 'Oh no' to FOMO. Instead of being overly worried, maybe investors might want to make sure that they don't miss out on a potentially positive second half now that the first half has offered us a running start. | | - Sam Stovall, chief investment strategist at CFRA Research, on why markets may trend higher in the second half of the year as investors who sat on the sidelines start to get a fear of missing out. | | |
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