| Hey everyone, We're back to our usual early publishing time. ☀️ | Save money on your options trades What if you could save on every options contract traded? And get $20 worth of free shares just for signing up? With public.com, you can. They give you a rebate of $0.18 per contract traded, but only if you activate your options account by March 31. There are no commission or per-contract fees; you can sign up now and trade later. Sign up at public.com to claim your rebate, even if you don’t plan to trade yet. To sweeten the pot, use the code ALTSCO when you sign up to get $20 in free shares.* |
*past 24-hour performance European and U.S. stocks soared to new highs, continuing the rally led by steady central bank decisions.The Dow jumped nearly 0.7%, as tech-heavy Nasdaq made gains of 0.2%. The S&P 500 rose 0.3%, hitting record levels. The Bank of England maintained interest rates, causing the FTSE 100 to surge 1.8%. Reddit's market debut saw shares close up 48% over their initial price. [Ed: rates are never coming down ]The company now has a $9bn valuation. Apple lost $115 billion in market value after the Justice Department filed an antitrust lawsuit. A $1.2 trillion funding package to avert a government shutdown goes to the House for a vote today. 🕶️ Market Vibes 🎰 Forecasts and Futures Forecasts via Kalshi, the prediction market. The prediction market is forecasting three rate cuts again. 😱 Fear and Greed Index What do you think? I'm a day late to this but late is better than never. Who's going to win it all this year? 🐺 Connecticut - Repeat, baby. 🐈 Houston - Will make up for last year's early exit 🚂 Purdue - They're battle tested 🐅 Arizona - The sneaky 2 seed 👣 North Carolina - Why not? ❓ Someone else 🎤 What you said last time While the rest of the market forecasts a 2/3 chance of a rate cut in June, you folks are much less optimistic. 📈 Trends you need to know Q1 GDP growth forecasts have plummeted over the last 6 weeks on Kalshi. This is how the last few quarters have looked: So were Q3 and Q4 anomalies? 📊 Stocks | Get $20 free shares and options rebates for life if you create an account at public.com using code ALTSCO before March 31st. |
Winners and losers Earnings, upgrades, and acquisitions FedEx's better-than-expected Q3 earnings led to a 13% surge in stock price. Nike dropped 5% on slowing sales in China and a weak outlook. Academy Sports shares plummeted 12% on an earnings miss and weak guidance for next year. Accenture reported fiscal Q2 earnings above estimates yet saw shares tumble 8.3%. Lululemon stocks rose 2.1% following Q4 income announcement of $669.5 million. FactSet beat Q2 earnings expectations but fell 7%. Darden Restaurants reported its first same-store sales decline since the pandemic, and shares slumped over 4%. Market movers Microsoft paid $650 million to Inflection AI and absorbed its staff. Airbus secured orders for 54 jets from JAL and Korean Air, two of Boeing's key Asian customers. Hyundai and Kia recalled 147,100 U.S. vehicles over a faulty charging unit. Nike clinched a deal to become Germany's football team supplier, ending Adidas's seven-decade partnership. Apple, Meta, and Google to face EU Digital Markets Act probes. Barclays announced plans to cut hundreds of jobs in its investment banking division. U.S. jobless claims fell to 210,000, and home sales surged 9.5% in February. The FCC has begun investigations into Amazon for selling outlawed electronic devices. Ideas, trends, and analysis U.S. business activity grew in March, driven by a surge in manufacturing PMI to a 21-month high. Walt Disney is on the path to recovery, time to buy. Comcast looks solid with Q4 revenue growth, shareholder returns, and an attractive valuation. Everyone loves a nice cold Coca-Cola stock. These eight stocks combine strong momentum with solid balance sheets. 🌍 Global perspectives 🇪🇺🇯🇵 Europe and Japan discussed a defense pact. 🇺🇸 The US Air Force tested a hypersonic missile in the Pacific. 🇭🇹 In Haiti, suspected gang members were set on fire as chaos spread to the capitol's suburbs. 🇷🇺 Russia launched its largest missile attack on Kyiv in weeks, firing over 31 missiles overnight. 🇨🇭 The Swiss National Bank cut rates by 25 basis points to 1.50%, its first rate cut in nine years. 🇹🇷 Turkey's central bank shocked markets with a 500-point rate hike to 50%. 💵 Income Two stocks with fat yields of 8.8% and 9.8%. Some refined French dividend stocks. Avoid these two dividend traps. ⚡ Crypto Dogecoin jumped 18% on rumors of a potential ETF. [Ed: yeah right ] BitGo CEO Mike Belshe warned that crypto's market structure remains fragile. Coinbase's influence in the Bitcoin ETF market has raised concerns. JPMorgan analysts claimed Bitcoin remains in 'overbought territory.' [Ed: this is their default position ] 🧠 Errata A BB-gun wielding hijacker crashed a Metro Bus into downtown LA's Ritz-Carlton Hotel. Extreme heat lowers exam scores, yet women are mostly unphased. Three Minnesotans survive a hot air balloon crash into a power line. The UN unanimously adopted its first global AI resolution to protect human rights. A pig-to-human liver transplant in China might help solve global organ shortages. 📺 What to watch today Highlights from yesterday's biggest upset as Oakland sent Kentucky packing. That’s all for today. Did I miss anything? Smash the reply button to let me know. Cheers,
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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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