🚫These Companies Failed to Trend Higher with Markets in 2023

Good morning. Markets are set for above-average gains this year, and have entirely reversed the...

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. Markets are set for above-average gains this year, and have entirely reversed the pain of the 2022 bear market. Of course, markets are a catch-all term, and the move higher by big-cap tech companies did most of the heavy lifting. Investors in one market niche weren't so lucky. That space? SPACs, or special purpose acquisition companies. A full 21 companies that went public via reverse mergers with a SPAC went bankrupt in 2023. The combined loss totals $46 billion. At $9.4 billion, the biggest loss goes to co-working space operator WeWork. Most SPAC companies are being treated by the market as a danger right now, and rightly so, given their high valuations when taken public. But there may be a few plays in the space that look attractive in this most-hated market sector for traders and investors to see big profits in 2024. Now here's the rest of the news: Sponsored Content Last Chance: Elevate Your Trading for December's Volatility! Last Chance: Elevate Your Trading for December's Volatility! To Infinity, and Beyond Trader, 🚀 How far are you ready to elevate your confidence? Sky's the limit? -let's aim higher! We're on the cusp of a new year—a time notorious for wild market swings and game-changing opportunities. Time's ticking-the chance to reshape your trading success is dwindling. As December draws to a close, remember, there's only one week left in 2023 to steer your trading journey towards success. The insights I have for you are too potent to keep quiet. December's market volatility is both daunting and lucrative, and these strategies are your ticket to maneuver through it all. Finish 2023 Strong With This Options And Stock Trading Hack > MARKETS DOW 37,710.10 +0.14% S&P 4,783.35 +0.04% NASDAQ 15,095.14 -0.03% *As of market close • Markets traded flat on Thursday, with the Nasdaq closing slightly lower. • Oil dropped 2.9 percent, closing at $71.93 per barrel. • Gold slid 0.8 percent, ending trading at $2,077 per ounce. • Cryptocurrencies generally declined, with bitcoin at $42,532 at the stock market close. Today's TOP TIPS Invest When Big Uncertainties Go Away Every company has some kind of uncertainty surrounding it at some point. The market doesn't like uncertainty, and will likely price shares of a company with an uncertain outlook too low. It's only when the market is certain about a company's performance that shares will be priced for perfection. Many companies have seen uncertainties flare up, often from some kind of legal or regulatory issue that can weigh on the stock. The time to buy is when that uncertainty ends. » FULL STORY Insider Activity Report: HighPeak Energy (HPK) Jack Hightower, CEO and major holder of HighPeak Energy (HPK), recently bought 150,442 shares. The buy increased his position by less than 1 percent, and came to a total cost of $2.1 million. This buy follows up on a 500,000 share buy the CEO made back in September. Another major holder also bought $67 million of shares at the same time. Over the past two years, insiders have been massive and regular buyers of shares, with only a few insider sales. » FULL STORY Unusual Options Activity: Ironwood Pharmaceuticals (IRWD) Pharmaceutical developer Ironwood Pharmaceuticals (IRWD) is down 7 percent over the past year, but shares have been trending higher in recent weeks. One trader sees the potential for a big surge in shares in the coming months. That's based on the April 2024 $15 calls. With 112 days until expiration, 5,172 contracts traded compared to a prior open interest of 158, for a 33-fold rise in volume on the trade. The buyer of the calls paid $0.85 to make the bullish bet. » FULL STORY IN OTHER NEWS • Investors See Soft Landing Scenario Investors and traders see declining inflation and a strong jobs market as a sign that the Fed has pulled off a "soft landing" scenario after all. The Fed hasn't had the best track record, but this could be similar to the 1995 era, where rising interest rates and slowing inflation helped fuel a boom in the late 1990s. • Home Sales Steady Near 20 Year Low The U.S. housing market remains frozen, even with a slight drop in mortgage rates over the past few weeks. Home sales stayed near October's 20-year lows. Data for the past 12 months shows a 5.2 percent drop in pending home sales. Conditions are expected to improve next year, should mortgage rates continue to drop. • Cars Depreciating at Slower Rate The used vehicle market is starting to show signs of stabilizing, after the pandemic-era demand surge and supply chain disruptions. Data indicates that cars are holding onto about 10 percent more of their value after three years compared to the pandemic, when demand caused a surge higher in prices. • Cathie Wood Revamps Crypto Holdings Ahead of ETF Disruptive technology investor Cathie Wood or Ark Investments is far outpacing the market this year, as tech stocks and cryptocurrencies have been trending higher. The investor is revamping her crypto portfolio, notably dropping the Grayscale Bitcoin Trust (GBTC), ahead of a potential bitcoin ETF approval by the SEC. • FirstCry Prepares for IPO FirstCry, a parent and baby product e-commerce platform based in India, is preparing for an IPO. The company is looking to raise about $220 million, scaling back from the nearly $700 it was targeting when filing the original paperwork. FirstCry is backed by a number of early investors, including SoftBank. S&P 500 MOVERS TOP DISH 6.698% TCOM 2.891% BIDU 2.771% MTCH 2.583% AMD 2.009% BOTTOM TSLA 2.811% APA 2.421% HES 2.1% EOG 1.939% MPC 1.775% Quote of the Day We're simply not done fighting inflation. And if we're not done fighting inflation, it means that all the negative consequences of fighting inflation — namely higher rates, higher cost of capital — will continue to linger. - Torsten Sløk, chief economist at Apollo Global Management, on why the market's recent rally may take a pause when the new year starts, as traders reassess the dangers of inflation and interest rates staying higher for longer. Sponsored Content Trade Clarity Delivered: A.I.'s Precision Revealed Here While your research is valuable, imagine using a tool that's stood the test of time since the 1970s, empowering you to laser-focus on the BEST targets. With tens of thousands of traders leveraging this tool, foreseeing market trends up to 72 hours in advance with up to 87.4% proven accuracy, it's time to reimagine your trading strategies before the New Year arrives. The markets have evolved—have your strategies adapted? Now's your moment to unravel the secret behind elite stock selection. Are you prepared to dive into the markets and unearth those hidden gems that hold immense potential as we approach year-end? Watch real-time market forecasts, and learn how to benefit from it FREE. 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. 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