Good morning. The push for green sources of energy has led to a number of changes. That can...
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. The push for green sources of energy has led to a number of changes. That can include featuring more solar and wind power on the traditional power grid, as well as increased development into electric cars. But the biggest winner? Possibly the big oil companies themselves. Itâs become apparent that shifting the economy towards more green energy, and even hitting net zero carbon, will take decades, not years. And demand for energy, preferably as cheap as possible, continues to push customers back into fossil fuels like oil. That may be why itâs no surprise that traditional energy companies have been performing well, and are likely to continue to do so for the foreseeable future. Thatâs especially true as these companies are now reporting their biggest profits in years, and as oil prices keep trending towards $90 per barrel. Now here's the rest of the news: Sponsored Content [Technology Revolution: This could be the biggest investment opportunity in a generation]( Spotted near Teslaâs headquarters, a strange new device is being testedâ¦. Some of the biggest Fortune 500 companies in America are already using it⦠And [one tech companyâs patented device]( is the only way to make it all possible. Weâre talking about 16,795% gains and beyond. [Click here now for details.]( MARKETS DOW 35,404.12 +0.77% S&P 4,546.33 +0.68% NASDAQ 14,346.00 +0.75% *As of market close ⢠Markets moved higher for a third day in a row, with stocks again closing at session highs. ⢠Oil rose 0.2percent, hitting $88.35 per barrel. ⢠Gold moved higher 0.3 percent, last going for $1,802 per ounce. ⢠Cryptocurrencies moved higher, with Bitcoin at $38,611 at the stock market close. Todayâs TOP TIPS [Time For This Market Hedge Play to Shine]( Investors have finally gotten worried about inflation, or at least how quickly the Federal Reserve will act to try and curb it. Given how the Fed has historically acted too weakly and too late in economic cycles, traders might want to turn to gold as an ideal hedge now. The metal has underperformed just about everything in the past year, even as inflation rates have jumped up. However, as part of a broader commodity rally, gold may yet have a strong year once again. » [FULL STORY]( [Insider Trading Report: Verizon Communications (VZ)]( Hans Vestberg, Chairman and CEO of Verizon Communications (VZ) recently added 19,000 shares. The buy increased his holdings by 14.5 percent, and cane to a total purchase price of just under $999,000. This marks the first insider buy at the company since February 2020. Company executives have been regular and consistent sellers of shares over the past three years, although company directors have made no changes to their holdings. » [FULL STORY]( [Unusual Options Activity: Mirion Technologies (MIR)]( Shares of specialty equipment maker Mirion Technologies (MIR) have been trending down over the past three months. One trader is betting on a rebound in shares in the next few months. Thatâs based on the May $10.00 calls. With 106 days until expiration, 9,791 contracts traded compared to an open position of 209, for a 47-fold jump in volume. The buyer of the calls paid $0.36 to make the trade. » [FULL STORY]( IN OTHER NEWS ⢠[4.3 Million Americans Quit Their Jobs in December]( Based on the latest Bureau of Labor Statistics data, 4.3 million Americans quit their jobs, just shy of the record 4.5 million in November. Many workers left for better jobs, early retirement, or for childcare needs. Even with a record amount of job quits in the past year, over 6.4 million jobs were still created. ⢠[Covid Deaths Hit One-Year High]( Deaths in the US attributed to Covid-19 have hit a one-year high. The prior high occurred just before vaccines became widely available. The surge in reported deaths is also occurring as Omicron variant cases have started to show signs of peaking. ⢠[Consumer Optimism Drops]( Consumers have become less confident in the past few months, as data indicates that rising inflation, the Omicron variant, and the end of fiscal stimulus are weighing on how consumers view the future of the economy. The data goes into December, ahead of the stock marketâs latest correction, which may further weigh on the months ahead. ⢠[Nasdaq Sees Second-Worth January Performance in History]( Thanks to strong rallies in the last two trading days of January, the Nasdaq avoided having its worst start to a year in history. The tech-heavy index fell 9 percent in total in January. The record for worst performance still stands with 2008âs 9.9 percent drop. ⢠[Tesla Recalls Full Self-Driving Feature]( Tesla Motors (TSLA) has issued an over-the-air update to recall the beta version of its âFull Self-Drivingâ feature. The function is being disabled on grounds that it allows vehicles to roll through stop signs rather than come to a complete stop. While safety officials note that this can increase the chance of an accident, none have been reported using this feature at present. S&P 500 MOVERS TOP UPS 14.351% MOS 8.911% CF 7.957% NFLX 6.813% TECH 6.655% BOTTOM T 4.039% BR 3.8% TT 3.512% ETSY 3.253% NRG 2.755% Quote of the Day The latest decline is a normal market correction that does not signal a recession or the end of this bull market. We continue to believe that economic growth and corporate earnings will be solid this year, and that the Fed will not be overly aggressive in dialing back monetary policy. - Chris Haverland, global equity strategist at Wells Fargo, on why Januaryâs sharp decline in the stock market was likely a typical correction rather than a sign that the current long-term bull market underway will end. Sponsored Content [Technology Revolution: This could be the biggest investment opportunity in a generation]( Spotted near Teslaâs headquarters, a strange new device is being testedâ¦. Some of the biggest Fortune 500 companies in America are already using it⦠And [one tech companyâs patented device]( is the only way to make it all possible. Weâre talking about 16,795% gains and beyond. [Click here now for details.](
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