⏱️Time to Ease Back Into this Commodity Play?

Good morning. Oil prices have been driven by an imbalance between supply and demand for the past... 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. Oil prices have been driven by an imbalance between supply and demand for the past few years. While OPEC has looked to gradually raise output, the cartel is now expecting markets to move into surplus this year. That’s in contrast to other estimates right now. OPEC’s research may be the first step towards moving to cut its total output, potentially later in the year buy likely some time in 2023. That could help put a floor under oil, which has ranged as low as $90 recently after getting as high as $120 earlier in the year. While oil was a great place for investors to hide out in the first half of 2022, the past few weeks have been punishing for the space. With a longer-term view towards OPEC production cuts, however, a “buy the dip” opportunity in energy may make investments in the sector a reasonable buy now. Now here's the rest of the news: Sponsored Content [How the Wealthy Elite Pick Stocks]( Hey Trader, “I knew that was going to happen!” You know the feeling… When your ‘hunch’ connects with all the energy in the world and works out in your favor. Or not. And that’s the awful feeling I’m writing about – the OR NOT. If you’re seeking abnormally high returns from trades that can go one way or the other, then you should be seeking artificial intelligence. Use A.I. to forecast trends 1 – 3 days in advance with up to 87.4% proven accuracy. [Join our Free Live Session on how Stop Inflation from Hurting You with This One Simple Trading Strategy.]( It’s free. There are no replays on this session. And if you bring a few of your own ticker symbols, our Pro Trader will get to as many as possible during the hour. MARKETS DOW 33,336.67 +0.08% S&P 4,207.27 -0.07% NASDAQ 12,779.91 -0.58% *As of market close • Stocks traded mixed on Thursday, as traders digested the latest corporate earnings. • Oil rose 2.3 percent, closing at $94.06 per barrel. • Gold dipped 0.7 percent, last going for $1,801 per ounce. • Cryptocurrencies generally rallied, with Bitcoin at $24,185 at the stock market close. Today’s TOP TIPS [Continue to Stick with Safe Stocks as Inflation Remains High]( While investors were happy to see the rate of annual inflation start to slow, inflation is still unacceptably high. That will continue to keep consumers on the defensive. They may cut their spending in some areas to afford the higher prices elsewhere. That could bode well for low-cost producers for some time. Most companies offering inexpensive products can usually raise prices to counter inflation, even if it may also result in some lower sales. » [FULL STORY]( [Insider Trading Report: Exxon Mobil Corp (XOM)]( Jeffrey Ubben, a director at Exxon Mobil Corp (XOM), recently picked up 1,000,000 shares. The buy increased his stake by nearly 565 percent, and came to a total purchase price of $88.45 million. This is the first buy at the company since last November. So far this year, a few company insiders have been sellers of shares. Over the past three years, there’s been a mix of insider buys and sells, but overall sellers have been slightly greater than buyers. » [FULL STORY]( [Unusual Options Activity: Coinbase (COIN)]( Shares of cryptocurrency brokerage firm Coinbase (COIN) rallied after reporting dismal earnings, as the overall market surged higher on a lower-than-expected CPI report. One trader is betting the shares will decline from here. That’s based on the November $90 put options. With 98 days until expiration, 2,817 contracts traded compared to a prior open interest of 134, for a 21-fold rise in volume on the trade. The buyer of the puts paid $18.48 to make the trade. » [FULL STORY]( IN OTHER NEWS • [Time on Market Increases as Home Sales Slow]( The median time on market for a home in the US is one day longer than the same week a year ago, according to the latest data from Realtor.com. That’s the first time that the length on market has increased for homes since June 2020, and is a sign of a potential slowdown for home sales. • [Wholesale Inflation Drops 2.5 Percent]( The producer price index, a measure of wholesale prices, decreased 0.5 percent compared to the prior month. However, the index is still up 9.8 percent year-over-year. The decline occurred thanks to the large drop in energy prices in the past month. • [Manhattan Rents Hit Record High for Sixth Consecutive Month]( The median rent for an apartment in Manhattan has hit $4,150 per month for July. That’s a 29 percent rise compared to a year ago, and a 2.5 percent increase since June. This marks the sixth consecutive month for rent increases in the Big Apple. • [Walgreens to Offer Bonuses Up to $75,000 For Pharmacists]( Pharmacy chain Walgreens (WBA) is looking to offer signing bonuses of up to $75,000 for pharmacists as the company looks to fill the role in some markets. The shortfall in pharmacy employees has led to delays in filling orders, and has angered workers as well as customers. • [Instagram Prepares for EU Data Decision]( The Irish Data Protection Commission (DPC) is about to make a final decision related to Instagram’s handing of children’s data in the European Union. The decision should resolve regulatory disputes, but may also come with increased obligations for Instagram, owned by Meta Platforms (META), to fulfill. S&P 500 MOVERS TOP DVN 7.352% MRO 6.916% M 6.557% SLB 5.498% FANG 5.078% BOTTOM ZM 3.884% ENPH 3.521% NOW 3.434% PFE 3.393% MELI 3.35% Quote of the Day The deceleration in the Consumer Price Index for July is likely a big relief for the Federal Reserve, especially since the Fed insisted that inflation was transitory, which was incorrect. ... If we continue to see declining inflation prints, the Federal Reserve may start to slow the pace of monetary tightening. - Nancy Davis, founder of Quadratic Capital Management, on Wednesday’s CPI report, and why it may be the start of a potential pivot in Fed policy away from hiking interest rates. Sponsored Content [The Future of Trading with A.I. is Here]( Dear Trader, Artificial intelligence is now available at your fingertips for you to see what stocks are on the rise, and what trades you should probably exit…before it’s too late. A.I. is the battle-tested technology that can help you make the most calculated trading decisions with impeccably precise timing. It was built for this. Save your seat at our [FREE CLASS]( and we’ll reveal, live, four trades you’ll want to know about. There are no replays. Registrations close quickly, so hurry and save your spot now! Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. 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