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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📰 Market Headlines
Get $20 free shares and options rebates for life if you create an account at public.com using code ALTSCO before March 31.
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.
Everyone sort of forgot about this Covid phenomenon. It reported a terrible quarter, btw.
📊 Stocks
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.
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.
Mike Novogratz predicted “boomer wealth” will drive Bitcoin adoption to the moon.
Bitcoin spot ETFs snapped a five-day outflow streak.
🧠 Errata
Boeing somehow prepared to launch a rocket into space with its first crewed test flight in May.
Washington State signed into law the strippers' bill of rights, providing the most comprehensive statewide protections for adult entertainers in the nation.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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