Wednesday, August 23, 2023

😳Here Comes the Shutdown Fears Again – Here’s the Game Plan

Good morning. Although the U.S. averted a debt ceiling shutdown in the spring, the government is...
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. Although the U.S. averted a debt ceiling shutdown in the spring, the government is now projected to run out of money – again – on September 30th. That's plenty of time for markets to prepare.

While it will likely mean a little bit of volatility, as a shutdown could lead to a slowdown in discretionary government spending, chances are it won't mean much, just like other past government shutdowns. Amid rising credit fears and a shaky market, however, the next few weeks could see more volatility than usual going into September and October. Those are historically the worst performing months of the year.

Traders may want to look for downside opportunities in the coming weeks ahead of a shutdown, particularly for overbought stocks ripe to drop. And investors can start looking for companies to buy off their highs for the year, right before what will likely be a seasonal year-end rally.

Now here's the rest of the news:

Sponsored Content
Lithium Arms Race: Tech Revolutionizes Extraction
A young Company has developed its own system to extract lithium 77x faster than how it's done currently. This tech could speed up the extraction to mere weeks and increase efficiency to 90%.

Learn What this means to the Lithium Starved World Economy

This is a paid advertisement. Please refer to the Important Notice and Disclaimer for additional information.


MARKETS
DOW 34,288.83 -0.51%
S&P 4,387.55 -0.28%
NASDAQ 13,505.87 +0.06%
*As of market close
Markets closed mixed on Tuesday, with a slight gain for the Nasdaq.
Oil dipped 0.6 percent, closing at $80.25 per barrel.
Gold rallied 0.2 percent, last going for $1,927 per ounce.
Cryptocurrencies traded lower, with bitcoin at $25,819 at the stock market close.

Today's TOP TIPS
This Overlooked Tech Trend Continues to Grow
Investors have a number of tech trends that they can play. This year, AI stocks have been all the rage. But other parts of the tech space are big and steady winners, even if they don't get the headline attention.

One such area is in cybersecurity plays. Data breaches are on the rise. And companies with the skills to reduce or mitigate the impact of a breach can see growing returns.

» FULL STORY

Insider Activity Report: Crocs (CROX)
Douglas Treff, a director at Crocx (CROX), recently bought 2,114 shares. The buy increased his holdings by 2 percent, and came to a total cost just over $200,000.

The buy comes a week after the company CFO bought 1,950 shares, paying just over $198,000 to do so. There have been a few other buys from company directors earlier in the year. The CEO sold off about 3 percent of his holdings in April, at a price about 40 percent higher than today's.

» FULL STORY

Unusual Options Activity: Petroleo Brasileiro (PBR)
Petroleo Brasileiro (PBR), also known as Petrobras, is flat over the past year as energy prices have been volatile, but well off of 2022's highs. One trader is betting on a move higher in the coming weeks.

That's based on the October $11 calls. With 58 days until expiration, 6,553 contracts traded compared to a prior open interest of 114, for a 57-fold rise in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet.

» FULL STORY

IN OTHER NEWS
Auto Loan Delinquencies Rise

Rising interest rates are leading to higher costs for car payments. That's squeezing many consumers out of the market for a car. Today, only one new car model sells for less than $20,000, and sold just 5,300 units compared to 7.7 million new vehicles sold. This trend threatens to lead to the car market stalling out.
Mall Traffic Rises

Foot traffic is up at U.S. malls by about 12 percent in 2022 compared to 2019. For lower-tier malls, the rise was closer to 10 percent. Some malls are adapting to the digital environment with other products and services besides traditional stores. Top-tier malls reported a 95 percent lease rate last year, lagging just slightly behind 2019 data.
Treasury Yields Rise as Traders Bet on Higher Rates for Longer

Investors are increasingly betting that interest rates are unlikely to move meaningfully lower anytime soon, with 10-year yields hitting a high of 4.339 percent in recent trading, its highest level since 2007. The rise in yields may also be contributing to the selloff in stocks so far this month.
Teva to Pay Fines for Price-Fixing Charges

Drugmaker Teva Pharmaceuticals (TEVA) has agreed to apay fines totaling $255 million and to divest a cholesterol drug, in order to resolve charges related to price-fixing. The Department of Justice has announced the deferred prosecution agreement, and is part of a number of price-fixing cases the DoJ has been working on in recent years.
Snapchat Expanding Generative AI Features

Social media platform Snapchat (SNAP) is expanding its AI features, following the launch of the generative AI chatbot My AI. The new feature, dubbed "Dreams" will allow for experimentation with AI images that may contain users and their friends in imaginative backgrounds.

S&P 500 MOVERS
TOP
HAS  7.067%
MRNA  4.668%
IFF 3.655%
LOW 3.608%
BIDU 3.282%
BOTTOM
M 13.883%
VFC 6.483%
BBY 6.009%
BBWI 5.256%
RF 5.132%

Quote of the Day
I think the dip you saw last week was the beginning of more to come. The bond market is putting up a really attractive alternative to equity investors—unless somebody believes that the S&P 500 is gonna go from the no earnings growth it's been stuck in for about two years now to really strong earnings growth.
- David Bianco, CIO at DWS Group Americas, on why higher interest rates make bonds look like a relatively more attractive investment than stocks in the short-term, which could lead to less capital moving into stocks in the months ahead.

Sponsored Content
Lithium Arms Race: Tech Revolutionizes Extraction
A young Company has developed its own system to extract lithium 77x faster than how it's done currently. This tech could speed up the extraction to mere weeks and increase efficiency to 90%.

Learn What this means to the Lithium Starved World Economy

This is a paid advertisement. Please refer to the Important Notice and Disclaimer for additional information.


Not sure the best way to get started?
Follow these simple steps to hit the ground running.

› Step #1 - Get These FREE Reports:

Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 |
7 High Yield Dividend Stocks

› Step #2 - Join our Live Trading Room:

Trading with Manny

› Step #3 - Claim Your Free Copy Of:

Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income

We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. It's our passion to build a strong community centered around fun and mindset! We love to discover extraordinary and useful tools and share them with the world! We create a space where people can discover how to enjoy their lives by simply choosing to learn. Every day we are building and strengthening partnerships with our customers and clients and we do so in the most ethical way possible. We particularly love working with artisans, makers, and small businesses because through their passion and their craft they help make the world a better place.. Without all of you we wouldn't be able to do what we do on a daily basis and for that we say thank you. We've been living our dream for many years now and that wouldn't be possible without every single one of you. The idea of going from a typical nine to five life to a life of freedom doesn't seem real to most people, but we want you to know it is definitely possible. We've done it. You have the power to control your life, your actions, and what you choose to focus on. We're here to help you along that journey to achieve whatever goals you set out for yourself. However, we also care about keeping you and your privacy safe. We are committed to advising you of the right to your privacy. We strive to provide a safe and secure user experience. Our Privacy Policy explains how we collect, store and use personal information, provided by you on our website. It also explains how we collect and use non-personal information. By accessing and using our website, you explicitly accept, without limitation or qualification, the collection, use and transfer of the personal information and non-personal information in the manner described in this Privacy Policy. Please read this Policy carefully, as it affects your rights and liabilities under the law. If you disagree with the way we collect and process personal and non-personal information, please do not use this website. This Policy applies to this website as well as all webpages Company hosts. It regulates the processing of information relating to you and grants both of us various rights with respect to your personal data. It also informs you of how to notify us to stop using your personal information. We are located in the United States of America. You may be located in a country that has laws which are more restrictive about the collection and use of your personal information. However, by using our website, you agree to waive the more restrictive laws and agree to be governed by the laws of the United States of America. If you wish to view our privacy policy, you can find it below.



Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense.

Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.



 

This email was sent to edwardlorilla1986.paxforex@blogger.com by editor@tradingtips.com

TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405

Manage Subscriptionsreport SPAM


 

No comments:

Post a Comment

30 winter dresses perfect for every occasion

We Found You The Best Luxury Gifts Under $100 VIEW IN BROWSER ...