🖐Don’t Worry Too Much About Oil’s Rise

Good morning. Oil prices have jumped higher in recent days, closing in on $90 per barrel. That's...

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. Oil prices have jumped higher in recent days, closing in on $90 per barrel. That's partly due to strong demand from the summer driving season. And it also reflects the reduced supply from OPEC countries and Russia. Some see oil trending to $100 or higher in the coming months. Goldman Sachs has predicted a rise to $107 per barrel. However, energy use is ultimately reflected by the economy. And with a slowing global economy, particularly in China, it's likely that energy demand will slow in the months ahead. Investors interested in energy may want to hold off following this recent rise unless it's in high-yielding energy stocks that have less volatility than more speculative plays. A small pullback in oil in the weeks ahead could make for a better entry point for more growth-oriented companies. Now here's the rest of the news: Sponsored Content This is No Conspiracy Theory… Since my original video's release… Presidential candidate Ron DeSantis has proposed legislation BANNING the Fed from issuing a digital currency. Texas Senator Ted Cruz has introduced legislation to PROHIBIT the Fed Reserve from developing a central bank digital currency. Presidential candidate Robert F. Kennedy Jr. said that a Fed-issued digital dollar would "allow the government to SURVEIL all our private financial affairs." If you haven't watched my shocking video yet… Click here, ASAP >>> MARKETS DOW 34,500.73 +0.17% S&P 4,451.14 -0.32% NASDAQ 13,748.83 -0.89% *As of market close • Stocks traded mixed on Thursday, as Apple's performance weighed on tech. • Oil dipped 0.6 percent, going for $86.99 per barrel. • Gold was unchanged, trading for $1,942 per ounce. • Cryptocurrencies traded slightly higher, with Bitcoin at $25,877 at the stock market close. Today's TOP TIPS Embrace Old-School Companies Playing to Today's Tech Trends Most investors playing a tech trend tend to look for the companies that most directly play to that trend. For tech stocks, that may mean owning chip companies or software companies. However, a powerful trend can impact multiple industries. And investing in industries implementing new technologies before they see a benefit can lead to great returns. The trick is to look at the adoption of these disruptive technologies when the market is still focused elsewhere. » FULL STORY Insider Activity Report: Energy Transfer (ET) Marshall McCrea, Co-CEO at Energy Transfer (ET), recently added 50,000 shares. The buy increased his holdings by 1 percent, and came to a total cost of $682,000. The buy comes a week after an EVP bought 10,000 shares for $130,000. And two weeks after the company's Chairman of the Board bought 3,000,000 shares for $38.9 million. Over the past two years, there have been over two dozen insider buys, with zero insider sales. » FULL STORY Unusual Options Activity: Honeywell (HON) Industrial conglomerate Honeywell (HON) has rallied and then faded out over the past year, leaving shares flat. One trader sees the current downtrend continuing in the coming months. That's based on the December $170 puts. With 98 days until expiration, 10,028 contracts traded compared to a prior open interest of 199, for a 50-fold rise in volume on the trade. The buyer of the puts paid $2.30 to make the bearish bet. » FULL STORY IN OTHER NEWS • Biden Administration Moves to Block Oil Drilling in Alaska The Biden administration is moving to ban new oil drilling in the Alaskan wilderness, including cancelling remaining oil leases in the Arctic National Wildlife Refuge. The move will impact about 40 percent of the state's petroleum reserve. The move comes as oil prices have jumped higher to $87 in recent months. • Climate Change May Impact Theme Parks Theme park companies may see increasing disruptions to their operations as a result of climate change. High temperatures, rain, and flooding could explain the falloff in attendance at theme parks such as Disney World, owned by Disney (DIS), Universal Orlando, owned by Comcast (CMCSA), and Six Flags (SIX) locations across the country. • China Bans iPhones for Government Officials China has banned the use of Apple's (AAPL) iPhones for government officials at work. The move comes ahead of the iPhone 15 launch, and only impacts a fraction of potential sales in China, but the move could still lead to a hit to revenues and increase tensions with China. • Coinbase Unveils Crypto Lending Service Cryptocurrency brokerage Coinbase (COIN) is creating a new lending service for institutional clients in the United States. The move will allow the company to benefit from the rising adoption of cryptocurrency investments, ahead of the potential launch of a cryptocurrency ETF. • YouTube Testing Gaming Platform Video website YouTube, owned by Alphabet (GOOG), is testing out a "Playables" section on its home feed. That allows users to play online games, and is accessible from both a computer and smartphone. Google has previously had the gaming service Stadia, but shut it down after it was unable to gain significant market share. S&P 500 MOVERS TOP CNC 4.896% WRK 3.78% FTRE 3.521% INTC 3.15% PCG 2.766% BOTTOM STX 10.217% PODD 8.097% ALGN 7.86% QRVO 7,507% QCOM 7.447% Quote of the Day Even though we keep hearing that we'll probably be in just a soft patch and not a recession, the more negative news that we get about the economy, the more I think people worry that we could actually fall into a recession. - Sam Stovall, CFRA Research's chief investment strategist, on how weaker economic data has increased fears of a recession forming in the coming months, which has subsequently pushed markets lower over the past few days. Sponsored Content This is No Conspiracy Theory… Since my original video's release… Presidential candidate Ron DeSantis has proposed legislation BANNING the Fed from issuing a digital currency. Texas Senator Ted Cruz has introduced legislation to PROHIBIT the Fed Reserve from developing a central bank digital currency. Presidential candidate Robert F. Kennedy Jr. said that a Fed-issued digital dollar would "allow the government to SURVEIL all our private financial affairs." If you haven't watched my shocking video yet… Click here, ASAP >>> 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! 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