Good morning. Energy prices are high, and could potentially move higher. For those in the US, the...
Itâs the monthly jobs numbers today and theyâre not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning. Energy prices are high, and could potentially move higher. For those in the US, the biggest concern is gas prices, particularly for those who commute for a living. But the real danger is in Europe, were natural gas, key for heating in the winter, is in short demand. Thatâs resulted in sky-high prices just ahead of the worst of the winter season. Some are reporting that their energy bills are up over 50 percent compared to the past year. When more discretionary income goes into energy costs, thatâs less wealth available for consumers in other areas of the economy. Itâs likely that the Eurozone will report slow growth in the next few months on this news, and as long as energy prices remain high in the US, it will likely weigh on economic growth here as well. If the situation worsens, it can absolutely stall the global economy going into 2022. Now here's the rest of the news: Sponsored Content [Didnât get invited to Airbnbâs friends & family round? Invest in reAlpha.]( Airbnb has made real estate investing more lucrative than ever. In fact, the 7.4M short-term rental properties worldwide generate $1.2 Trillion in annual revenue. [reAlpha]( is revolutionizing this short-term rental market through advanced technology and fractional ownership. Theyâve proven that their AI-chosen Airbnb properties can beat long-term rental property revenue by 70%+ per property. And today, you can [invest in reAlpha as a shareholder.]( Think about it this way â if youâd invested in Airbnb at the beginning, youâd be a millionaire by now. reAlpha is giving you another chance to [get in on the ground floor.]( MARKETS DOW 35,753.89 +0.74% S&P 4,696.56 +1.02% NASDAQ 15,521.89 +1.18% *As of market close ⢠Markets moved higher on Wednesday, on strong housing and consumer confidence numbers. ⢠Oil rose 2.5 percent, closing at $72.91 per barrel. ⢠Gold rallied 0.9 percent, last going for $1,805 per ounce. ⢠Cryptocurrencies mostly rose, with Bitcoin going for $48,931 at the market close. Todayâs TOP TIPS [Industry Leaders Can Keep Delivering In Any Economy]( While uncertainty has been weighing on the stock market, great companies can continue to deliver, no matter what the economy or latest fears are doing. Quality results and returns speak for themselves. Itâs even easier when a company has strong demand for its products and is a leader in its industry. That makes it ideal to buy during periods of market fears. » [FULL STORY]( [Insider Trading Report: Funko Inc (FNKO)]( Charles Denson, a director at Funko Inc. (FNKO), recently bought 99,300 shares. The buy increased his stake by over 115 percent, and came to a total purchase price of just over $1.7 million. This marks the first insider buy since August, when a fund with a major ownership stake added to their holdings. Otherwise, company insiders, including both directors and company insiders, have been large sellers of shares. » [FULL STORY]( [Unusual Options Activity: Riot Blockchain (RIOT)]( Shares of cryptocurrency mining company Riot Blockchain (RIOT) have been sliding along with the price of Bitcoin the past few months. However, one trader sees shares moving far higher in the next year. Thatâs based on the January 2023 $85 call. With 393 days until expiration, 3,845 contracts traded compared to a prior open interest of 197, for a 20-fold rise in volume. The buyer of the calls paid $3.45 to make the trade. » [FULL STORY]( IN OTHER NEWS ⢠[China Evergrande to Work with Creditors]( China Evergrande, the property developer whose bankruptcy has created some market volatility this year, says that a state-backed risk team will work with the companyâs creditors. That should help the company, which has over $300 billion in liabilities, to unwind its assets in the least disruptive way possible to financial markets. ⢠[US Home Prices Rise in November]( Home prices continued their appreciation in November, according to the latest data from the National Association of Realtors. Median home sales increased at an annual rate of 13.9 percent, higher than the 12.6 annualized rate reported for October. ⢠[Iger Steps Down From Disney]( Bob Iger, who stepped down from the CEO role at The Walt Disney Company (DIS) is stepping down from the Chairman role at the end of the year. The CEO was behind a number of deals, including the acquisition of Pixar and Marvel, which increased the companyâs positioning to dominate the box office. ⢠[Taco Bell Adds Crispy Chicken Wings]( For one week only starting January 6th, Taco Bell will add crispy chicken wings to its menu. An order of 5 wings will cost $5.99, and the product will only be available after 2 PM. The move comes after the company, owned by Yum Brands (YUM), has eliminated a number of items from its menu in the past year. ⢠[Via Looks to Go Public]( Via, a on-demand shuttle service, is looking to go public in early 2022. The company has filed confidentially for its IPO. So far, the company has raised $777 million in private fundings, and its most recent funding round valued the company at $3.3 billion. S&P 500 MOVERS TOP TSLA 7.351% PAYX 5.386% CF 4.432% ISRG 4.062% RCL 3.827% BOTTOM KMX 6.387% MRNA 6.127% ZM 3.172% TCOM 2.759% CTAS 1.947% Quote of the Day Weâve already gotten the Santa rally. Weâre seeing a little bit of investor fatigue here. In addition to the omicron fears and negative headlines swirling around, I think investors are kind of locking in some of those gains and ready to go on Christmas vacation. - Amanda Agati, Chief Investment Officer of PNC Financial, on why the stock marketâs rally is likely done for the year, and why stock may trade sideways into 2022. Sponsored Content [Didnât get invited to Airbnbâs friends & family round? Invest in reAlpha.]( Airbnb has made real estate investing more lucrative than ever. In fact, the 7.4M short-term rental properties worldwide generate $1.2 Trillion in annual revenue. [reAlpha]( is revolutionizing this short-term rental market through advanced technology and fractional ownership. Theyâve proven that their AI-chosen Airbnb properties can beat long-term rental property revenue by 70%+ per property. And today, you can [invest in reAlpha as a shareholder.]( Think about it this way â if youâd invested in Airbnb at the beginning, youâd be a millionaire by now. reAlpha is giving you another chance to [get in on the ground floor.](
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