Good morning. We’ve noted a few times over the past few months to get that holiday shopping...
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. [Trading Tips] Good morning. We’ve noted a few times over the past few months to get that holiday shopping done extra early this year thanks to supply chain disruptions. But given some of the latest delays and reports from companies reporting earnings this year, the next thing on your holiday shopping list just might be groceries. While we’re not seeing the toilet paper shortage of last year, shortages in chicken, fish sticks, coffee among other food staples appear likely in the coming weeks. And products such as diapers are seeing high demand right now as well. Even if those shortages are resolved, with inflation looking likely to continue over the next few months, it’s not a bad time to think about shelf-stable goods to buy now that may soon increase as much as 12 percent in the coming months. Now here's the rest of the news: Sponsored Content [Own shares in the company revolutionizing the $9.4B digital verification market.]( Trust Stamp is using AI-powered identity and trust solutions that can keep your data and money safe by using your very own biology. By transforming your biometric data into a proprietary token called the IT2, Trust Stamp allows you to authenticate yourself without the need for sensitive passwords or other identifiers. In other words, you are the key. Reasons to Invest:
- Nearly $3 million in gross revenue to-date
- Expanding relationships with customers including Mastercard
- Estimated $9.4B spend on digital verification by businesses in 2021 [Learn more and invest in Trust Stamp right here.]( MARKETS DOW 35,609.34 +0.43% S&P 4,536.20 +0.37% NASDAQ 15,121.68 -0.05% *As of market close • Stocks traded mixed on Wednesday, with a slight drop in the Nasdaq. • Oil rose 1.6 percent, closing at $84.25 per barrel. • Gold rallied 0.8 percent, last going for $1,785 per ounce. • Cryptocurrencies moved higher, with Bitcoin at $66,312 after setting a new all-time high. Today’s TOP TIPS [Smaller-Than-Expected Losses Point to a Post-Pandemic Trading Strategy]( Some companies are still seeing sales and revenues below their 2019 pre-Covid peak. For these firms, changes in how we live and travel continue to impact their returns. And when it comes to how their stocks perform, it comes down to now how much a company loses, but whether or not it’s more or less than expected. That’s the case with United Airlines (UAL). The major carrier reported a smaller-than-expected loss in its most recent quarter. » [FULL STORY]( [Insider Trading Report: Forian Inc (FORA)]( Martin Wygod, a director at Forian Inc (FORA), recently added 9,002 shares to his stake. The buy increased his holdings by 3.6 percent, and came to a total purchase price of just over $90,000. This is the third buy from the director in the past month, including a 3,700 share buy in early October, and an 11,844 share buy in September. Other directors have also been buyers throughout the year. » [FULL STORY]( [Unusual Options Activity: Marvell Technology (MRVL)]( Shares of semiconductor firm Marvell Technology (MRVL) have been trending higher in the past few months amidst a global chip shortage. One trader sees further upside ahead. That’s based on the March $75 calls. With 148 days until expiration, over 2,390 contracts traded against a prior open interest of 143, for a 17-fold rise in volume. The buyer of the calls paid $3.40 for the trade. » [FULL STORY]( IN OTHER NEWS • [Inflation Likely to Peak in 2022]( Even with a slowdown in fiscal stimulus, and monetary stimulus potentially slowing down, a peak in inflation rates may not occur until next year, based on a recent study from Deutsche Bank (DB). That’s because many changes take months to filter through the economy, which is still dealing from the effects of stimulus from the pandemic. • [Globalization Falls Out of Favor Amid Supply-Chain Disruptions]( Globalization trends have slowed in recent years thanks to trade war disputes. Now, with global supply chain snarls particularly pronounced at US ports, more companies are looking to bring production back onshore as well as add to inventories and moving away from the “just in time” system that only works when there are no logistical delays. • [Bitcoin Marks New All-Time High]( Bitcoin, the original cryptocurrency, has set a new all-time high, finally surpassing its April highs. The price is up 50 percent alone in the past month, and the move comes one day after the first Bitcoin ETF has started trading. Many see the increasing addition of Bitcoin to portfolios as a way to potentially send the crypto to over $100,000 by year-end. • [Pinterest Spikes on Buyout Speculation]( Shares of Pinterest (PINS) were halted Wednesday, on news that the company may be receiving a buyout offer of $70 per share from PayPal (PYPL). That price would value the company at about $39 billion, or nearly four times the value of the company when it went public in 2019. • [Facebook Fined $70 Million by UK Regulator]( Facebook (FB) has received another black eye recently, with a $70 million fine from the UK competition watchdog. The fine is related to how the company deliberately withheld information regarding antitrust oversight into its acquisition of Giphy. S&P 500 MOVERS TOP ANTM 7.647% MTB 5.843% PBCT 5.824% CNC 5.561% CI 4.06% BOTTOM BKR 5.973% NDAQ 5.037% PYPL 5.026% ASML 4.274% PENN 3.965% Quote of the Day Whether we end up getting this finishing move at the index level this year or not will depend largely on retail participation, the message that 3Q earnings brings from a guidance standpoint, and the path of PMIs into year end - Mike Wilson, Morgan Stanley chief US equity strategist, on why the market fundamentals this earnings season could fuel retail traders to keep buying stocks, which would support a year-end rally. Sponsored Content [Own shares in the company revolutionizing the $9.4B digital verification market.]( Trust Stamp is using AI-powered identity and trust solutions that can keep your data and money safe by using your very own biology. By transforming your biometric data into a proprietary token called the IT2, Trust Stamp allows you to authenticate yourself without the need for sensitive passwords or other identifiers. In other words, you are the key. Reasons to Invest:
- Nearly $3 million in gross revenue to-date
- Expanding relationships with customers including Mastercard
- Estimated $9.4B spend on digital verification by businesses in 2021 [Learn more and invest in Trust Stamp right here.](
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