 | | |  | DOW 38,467.31 | +0.35% | | |  | S&P 4,924.97 | -0.06% | | | | | NASDAQ 15,509.90 | -0.76% | | | | | *As of market close | | | • | Markets traded mixed on Tuesday, ahead of Microsoft's earnings report. | | | • | Oil rose 1.4 percent, closing at $77.87 per barrel. | | | • | Gold rose 0.5 percent, ending trading at $2,054 per ounce. | | | • | Cryptocurrencies trended higher, with bitcoin at $43,554 at the stock market close. | | | | | | | |
| | | Growth Companies Making this Historic Move Tend to Move Far Higher | | | | For many companies, being a growth stock often means running big losses over time. Many early-stage growth companies have a great story behind them. But they have to prove themselves. Growing customers and revenues doesn't matter if they keep losing money.
When a company flips from losing money to making money, it's a huge sign that the business idea is playing out. It may be great news for early investors, but it's usually just the start of a successful company's further rally.
» FULL STORY | | | | |
| | Insider Activity Report: American Water Works (AWK) | | | | Michael Marberry, a director at American Water Works (AWK), recently bought 1,420 shares. The buy increased his holdings by 62 percent, and came to a total cost of $202,137.
The director was the last buyer with a 3,786 share buy back in November, costing just under $493,000. Another company director bought just under $8,000 in shares last August. The last insider sale occurred in mid-2022.
» FULL STORY | | | | |
| | Unusual Option Activity: Lockheed Martin (LMT) | | | | Aerospace and defense contractor Lockheed Martin (LMT) is down 6 percent over the past year, and shares have dropped in recent weeks. One trader sees a rebound in the weeks ahead.
That's based on the March $430 calls. With 44 days until expiration, 9,167 contracts traded compared to a prior open interest of 263, for a 35-fold rise in volume on the trade. The buyer of the calls paid $8.70 to make the bullish bet.
» FULL STORY | | | | |
| | • | Business and Consumer Borrowing Ticks Higher
As interest rates have trended lower in the past few months, businesses and consumers have started to borrow more again. Corporate refinancing has surged as borrowing has become easier compared to 2022. Both credit-grade and high-risk corporate bond borrowing has increased in the past few months. | | | | • | Baby Boomers Face Downsizing Challenges
Many baby boomers are starting to downsize their homes, but in the current market, that poses a challenge. Significant property price appreciation over decades of ownership comes with a hefty tax bill, even when trying to downsize. And proving enough income to cover today's higher mortgage rates can prove a challenge for those in retirement. | | | | • | Retail Fraud Rises Ahead of Holiday Return Deadlines
Retailers are watching returns closely this year, as return fraud is on the rise. Nearly 17 percent, or about $24 billion of holiday returns are expected to be fraudulent this year. Fraud measures include returning stolen products, returning a different item from what was bought, or buyers saying they never received an item. | | | | • | Elon Musk Slips from World's Wealthiest
Elon Musk has lost the title of the world's wealthiest person following a drop in Tesla Motors (TSLA) shares following the latest earnings report. Instead, the title belongs to French businessman Bernard Arnault, who is the founder and CEO of LVMH, the world's largest luxury goods company. | | | | • | Streaming Service Plex Raises Capital
Streaming service company Plex has raised capital, its third round of Series C. While the full amount hasn't been disclosed, it is larger than the company's $50 million growth round funded a few years back. The company CEO wouldn't say if Plex was a unicorn, or company valued at $1 billion or more, yet. | | |
| | | | TOP | | | MSCI | 10.106% | | | | GM | 7.87% | | | | SYY | 7.41% | | | | NUE | 7.405 | | | | GLW | 6.565% | | | | BOTTOM | | | UPS | 7.79% | | | | SLB | 7.321% | | | | WHR | 6.299% | | | | NOV | 5.405% | | | | DASH | 4.111% | | | | |
| | |  | | A few bad inflation prints would likely upset both bond and equity markets, as risk markets could again start pricing a higher probability of 'hard landing.' This outcome is very underpriced in large cap equities and credit, which price close to zero probability of recession, as the strong rally since the end of October has pushed both credit and equity markets into expensive valuation territory. | | - Marko Kolanovic, analyst at JPMorgan Chase, on how the current market rally could stall out if inflation rates trend higher than expected in the months ahead. | |
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