Good morning. It's been six months since the banking sector saw some brief turmoil. Since then...
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.
 | | |  | DOW 34,443.19 | -0.57% | | | | | S&P 4,465.48 | -0.70% | | | | | NASDAQ 13,872.47 | -1.06% | | | | | *As of market close | | | • | Stocks traded lower on Wednesday, as rising energy prices sparked fears of inflation. | | | • | Oil rose 1.1 percent, going for $87.68 per barrel. | | | • | Gold dropped 0.5 percent, trading for $1,942 per ounce. | | | • | Cryptocurrencies traded flat, with Bitcoin at $25,687 at the stock market close. | | | | | | | |
| | | Buy Big Trends When They're Out of Favor | | | | When a trend is hot, owning any company related to that trend can lead to big gains quickly. But when the trend shifts, a company can fall out of favor as well. Some trends occur just once. Others are more cyclical.
Targeting cyclical trends when they're out of favor can lead to great returns. When the cycle turns, it can lead to life-changing profits. Especially when they relate to tech-related trends.
» FULL STORY | | | | |
| | Insider Activity Report: Alamo Group (ALG) | | | | Eric Etchart, a director at Alamo Group (ALG) recently bought 500 shares. The buy increased his stake by 5 percent, and came to a total purchase price of $88,295.
This marks the first buy at the company since March 2022, when another director bought 500 shares. Since then, there have been about 10 sales, including sales from the company's CFO and CEO. However, some of those sales were driven by the exercise of stock options.
» FULL STORY | | | | |
| | Unusual Options Activity: Endeavor Group Holdings (EDR) | | | | Entertainment and sports company Endeavor Group Holdings (EDR) is slightly up over the past year, but shares have been getting hit hard in recent sessions. One trader sees a further decline in the weeks ahead.
That's based on the November $20 puts. With 70 days until expiration, 24,309 contracts traded compared to a prior open interest of 144, for a 169-fold jump higher in trading volume. The buyer of the puts paid $0.85 to make the bearish bet.
» FULL STORY | | | | |
| | • | Fed Officials Warn on Further Rate Hikes
Susan Collins, President of the Boston Federal Reserve, has stated that the bank should take a patient approach to policymaking. To that end, while inflation data is improving, Collins warns that more tightening may be "warranted" in the months ahead. Investors continue to bet on a further quarter-point interest rate hike this year. | | | | • | FTC Could Call for Amazon Breakup
The Federal Trade Commission is preparing an antitrust lawsuit against Amazon (AMZN). The tech giant may face calls to be broken up into several smaller companies, given its dominance in a number of market niches. Other big tech companies have been rumored to face similar antitrust scrutiny from the FTC. | | | | • | Rent Increases Falling Hardest in Suburban Markets
In 28 out of 33 major metro areas, suburban rent growth has exceeded that of urban rent growth. The reason is from white-collar workers who left cities, which has led to increased demand for suburban rentals for longer periods of time. The trend looks likely to continue, putting more upward pressure on rents. | | | | • | Enbridge Makes Bid for Dominion Energy Gas Utilities
Pipeline operator Enbridge (ENB), has announced plans to buy three gas distribution companies from utility Dominion Energy (D). The deal is valued at $14 billion, of which $9.4 billion would come from cash with the rest coming from debt. If approved, the deal would create the largest natural gas utility platform in North America. | | | | • | Roku to Cut 10 Percent of Workforce
Streaming company Roku (ROKU) is looking to cut 10 percent of its workforce. The move will impact just over 300 employees. That follows up on a March round of layoffs impacting 200 employees. The company plans to consolidate its office spaces and review its content portfolio. | | |
| | | | TOP | | | DXCM | 6.728% | | | | ZBH | 4.592% | | | | PODD | 3.359% | | | | CNC | 2.731% | | | | CHTR | 2.677% | | | | BOTTOM | | | ALB | 5.408% | | | | MKTX | 5.206% | | | | OGN | 5.143% | | | | LMT | 4.661% | | | | VTRS | 4.52% | | | | |
| | |  | | If you have oil prices moving up that could be inflationary. That just makes the Fed's job harder. There's already a fine line between the Fed landing the soft landing that people are hoping for. | | - Keith Lerner, co-chief investment officer at Truist Advisory Services, on how rising oil prices could keep the pressure up on inflation, which would increase the chances of interest rates staying higher and longer enough to lead to a recession. | |
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