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| | | | Over the last few days, lots of folks have said Stocks and Income is going to the spam folder due to Google’s byzantine new spam rules. If you’ve missed a couple of issues, please check your spam folder. If you see something from us in there, I’d be grateful if you marked it as not spam. | That’ll ensure these notes keep finding their way to your inbox. |
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Take advantage of Rent Growth in high demand Texas Markets |
Did you know that over half a million people have moved to Texas since the summer of 2021 — yet multifamily construction starts are down more than 70% across the state in 2023? |
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Sold to accredited investors via a private placement memorandum and past results do not guarantee future returns. |
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📰 Market Headlines |
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| | | | Get $20 free shares and options rebates for life if you create an account at public.com using code ALTSCO before March 31. |
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The Dow & S&P500 drifted downward for the third straight session, settling from a record-breaking first quarter and awaiting the PCE index print on Friday. Durable goods orders rose 1.4% in February, exceeding expectations. Donald Trump's Truth Social stock closed up 16%, with surges during trading as high as 50%. Shipping giant Maersk fell 2.6% after confirming one of its chartered container ships crashed into a bridge in Baltimore. The Baltimore bridge collapse has halted the flow of ships in and out of the Port of Baltimore, straining supply chains and scrambling deliveries. Demand for private company shares has reached its highest level since 2021.
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. The prediction market is forecasting three rate cuts again. |
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😱 Fear and Greed Index |
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🧠 What do you think? |
🎰 What's the bigger meme stock in 2024? |
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🎤 What you said last time |
Most of you are good people! |
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📈 Trends you need to know | |
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Everyone sort of forgot about this Covid phenomenon. It reported a terrible quarter, btw. |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
McCormick shares rose 10% after reporting better-than-expected Q1 earnings. GameStop shares plummeted 15% after missing Q4 earnings estimates. Terran Orbital stock jumped 10% following Lockheed Martin's $500 million buyout offer. Progress Software shares traded down slightly by 0.2% following mediocre FY24 earnings guidance. WeWork founder Adam Neumann's $500 million bid to buy the company out of bankruptcy lacks creditor support. Canva acquired the Affinity creative software suite, taking on Adobe in the digital design market.
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Market movers |
Tesla directed salesmen to take all new customers on a "short test ride" of Full Self Driving. The goal is to appease regulators and boost subscriptions. Stock cruised up 3%. Amazon launched same-day prescription medication delivery in NYC and LA. Trump Media stock skyrocketed 50% in its Nasdaq debut. S&P Global downgraded five regional U.S. banks due to their commercial real estate exposures Layoffs: Canada Goose cut 17% of its corporate workforce as part of a "Transformation Program." Bell laid off over 400 workers in brief 10-minute virtual group meetings. Dell cut roughly 6,000 jobs over the last year as it faces weak PC demand. UPS eliminated the night shift in NYC, the latest in over 12,000 layoffs announced this year.
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Just to see if anyone reads this far, I’ve written a sonnet about the layoffs. |
Oh, Canada Goose, thy name hath felt the scythe, |
A portion of thy force, undone by fate, |
No more to labour 'neath the corporate tithe, |
Of thy great order, they maketh up the weight. |
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And Bell, thy toll rings mournful in our ears, |
Four hundred souls, in moments dismissed, |
They turn their faces home, awash in tears, |
Their names now vanished in the morning mist. |
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Dell and UPS, thy countenance is wan, |
Thy workers disbanded under night's dark veil. |
The hearts that once did beat, now forever gone, |
Over twelve thousand tales of loss and travail. |
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Yet shall we hope for dawn after this night, |
From such harsh cuts may yet come stronger might. |
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You’re welcome / I’m sorry. |
Ideas, trends, and analysis |
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JPMorgan said "all roads lead to Taiwan Semiconductor". Cocoa prices are at an all-time high as the world faces the largest supply deficit in over 60 years. Boeing stock has slumped 25% and it might be time to buy, if you believe in miracles. Republicans proposed a "modest adjustment" to the Social Security retirement age to account for increased life expectancy. At least eight states have announced plans to pump the breaks on gas-powered car sales by 2035. Bernstein slashed its Tesla price target, seeing another 30% downside.
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📊 Income | | Six stocks with big dividend energy, including a 2023 IPO yielding over 20%. This banking stock boasts a 10+ year streak of dividend hikes and a 3.86% yield. This materials stock has a 60+ year track record of dividend increases and a 5.76% forward yield.
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📺 What to Watch Today |
WTF is up with cocoa? |
 | Cocoa Tops $9,000 For First Time Ever |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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*Disclosures: Paid for by Public Investing. Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document. If you are enrolled in Public's Options Order Flow Rebate Program, Public Investing will share 50% of our estimated order flow revenue for each completed options trade as a rebate to help reduce your trading costs. Must activate Options Account by March 31 for revenue share. To learn more, see Fee Schedule. US members only. |
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