Good morning. The stock market's stumble this week has been the worst start to a year since 1999...
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.
| |  | | | | Worried About Making Ends Meet? It's About to Get Worse | | | | | | In the first 9 months alone… 98 companies have slashed their dividends.
For retirees, this is a living nightmare. Once solid dividend payouts are drying up… leaving investors scrambling to make ends meet.
With many of them wondering if this could spell the end of their retirement altogether.
The world is a scary place… and it's only getting worse.
But that doesn't have to be YOUR story.
There is a way out… (though I do caution you… while it has worked like a charm… not closing out a single losing trade in over 6 years… this strategy isn't for everybody).
In this exclusive presentation, you'll uncover the exact steps you need to take right now to secure your investments from the financial carnage... along with anything the markets throw at us in the future. The man behind this plan has used it for the past 20 years to rack up incredible profits… it even helped him retire after just 10 years... with a 5.3 million "nest egg" that helped him sail worry - free through every Financial Crisis and market crash since.
But don't just take my word for it.
To see what these sentences are, You can see the urgent details right here. | |
| | |  | DOW 37,440.34 | +0.03% | | |  | S&P 4,688.68 | -0.34% | | | | | NASDAQ 14,510.30 | -0.56% | | | | | *As of market close | | | • | Markets traded mixed on Thursday, as only the Dow held onto gains. | | | • | Oil dropped 0.5 percent, closing the day at $72.37 per barrel. | | | • | Gold rallied 0.4 percent, ending trading at $2,052 per ounce. | | | • | Cryptocurrencies jumped, with bitcoin at $44,307 at the market close. | | | | | | | |
| | | Right-Sizing Companies May Prove Market Leaders This Year | | | | The job market held up well last year, with unemployment near historic lows. That's even after rising interest rates weighed on potential economic expansion. And it's even after many big-cap tech companies announced tens of thousands of layoffs.
That trend will likely continue this year. Companies are finding ways to do the same – or more – with fewer employees. Advances in technology such as AI can make that happen.
» FULL STORY | | | | |
| | Insider Activity Report: Simon Property Group (SPG) | | | | Six directors at Simon Property Group (SPG) recently added to their positions. The buys ranged from $26,756 to $52,793. Each director increased their holdings by about 1 percent.
This is similar to other buys made by Simon directors on a quarterly basis going back over the past few years. Aside from these buys, the company's Chief Administrative Officer bought nearly $1 million in shares in mid-2021. There have been no insider sales over the last two years.
» FULL STORY | | | | |
| | Unusual Option Activity: UBS Group (UBS) | | | | Swiss bank UBS Group (UBS) soared over 50 percent last year, coming off extremely low valuations. One trader is betting on a pullback in shares in the coming months.
That's based on the May 17, 2024 $25 puts. With 132 days until expiration, 11,402 contracts traded compared to a prior open interest of 200, for a 57-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet.
» FULL STORY | | | | |
| | • | Job Openings Drop to Two-Year Low
U.S. job openings hit a seasonally-adjusted 8.79 million in November. That's down from the 8.85 million in October, according to the Labor Department. Job vacancies now stand at their lowest level since March 2021, and down from their record high of 12 million in March 2022. | | | | • | Supply Chain Issues Remain for Missiles
Global conflicts and tension have increased demand for defense products such as missiles. However, supply chain issues continue to impact the space, with Western nations facing delays for missiles and other complex weapons systems. These systems require global commodity inputs as well as a highly educated workforce for assembly. | | | | • | GM Sees Surging Auto Sales
General Motors (GM) saw vehicle sales jump 14 percent in the United States in 2023. That's also the automaker's best year for U.S. sales since 2019, in-line with industry expectations for a strong year in 2023. The Buick brand saw a 61 percent jump, and a 13 percent rise for the Chevrolet unit. | | | | • | Apple Shares Hit with Downgrades
Consumer tech giant Apple (AAPL) has been hit by several downgrades in the past few weeks, as the company has seen four consecutive quarters of declining sales. Several versions of the company's iWatch were recently pulled from U.S. stores due to alleged patent infringements. | | | | • | SpaceX Wrongly Fired Activist Employees
Startup SpaceX wrongly filed eight employees who distributed a letter with workplace concerns, according to a ruling from the National Labor Relations Board. The June 2022 letter cited the erratic behavior of company CEO Elon Musk. | | |
| | | | TOP | | | TCOM | 5.719% | | | | TRIP | 3.577% | | | | CCL | 3.058% | | | | EPAM | 2.678% | | | | DG | 2.651% | | | | BOTTOM | | | APA | 7.347% | | | | WBA | 5.123% | | | | ON | 3.921% | | | | NXPI | 3.85% | | | | ENPH | 3.719% | | | | |
| | |  | | Long term, I'm still very bullish. But near term I just worry that everybody is coming into the year feeling too good. | | - Steve Eisman, a senior portfolio manager at Neuberger Berman, on why the market's pullback in the start of the year makes sense, as markets were heavily overbought going into the start of 2024. | |
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