Some of you have asked if Stocks & Income can be sent out earlier in the day.
The answer is yes. This week we switched to a new system, which created a funky publishing time.
We'll be back to our usual early publishing time on Monday. 👍
Take advantage of upcoming supply and demand imbalance in Texas
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?
This will create a supply and demand imbalance that to us, as investors, can mean only one thing — opportunity.
BV Capital is a real estate private equity company that specializes in ground-up multifamily construction deals in the state of Texas. A vertically integrated company, utilizing BV’s in-house construction team has allowed for historical returns beyond those of traditional value-add investments.
If you are an accredited investor and want to learn more about multifamily development opportunities in Texas, one of the nation’s fastest-growing states, visit bvcapitaltx.com.
Cumulative sentiment analysis from DeepSearchLabs shows us that CNBC's call on Dollar General stores (see below) is probably way off base. The company is a discount retailer so people are never really in love with the brand but it looks absolutely fine to me.
Fortrea Holdings stock remained unchanged despite a full-year net loss.
Market movers
Oracle's shares floated up 12% on cloud infrastructure sales.
Boeing faces setback as New Zealand seizes black boxes from a LATAM Boeing 787 incident. Boeing's Max crisis has forced airlines to cut flights and pause hiring.
Goldman Sachs plans to expand its private credit portfolio to $300 billion within five years. [Ed: it's a bubble, folks ]
IBM started layoffs in its marketing and communications division as part of its push toward AI.
Apple will allow iOS app downloads directly from websites in the EU.
Ideas, trends, and analysis
Auto insurance skyrocketed 20.6% year over year as of February.
U.S. market's Shiller P/E stood at 34 as of March 1st, ranking it in the top 1% of historical valuations.
CNBC says Dollar General's “brand is showing some cracks and may be a warning sign ahead of earnings.” [Ed: we disagree. See above ]
Bank of America boosted its S&P 500 earnings outlook for 2024 by 12%.
Jerome Powell pointed to soaring insurance costs as the reason for persistently high inflation.
