Markets closed lower yesterday as Bitcoin (BTC) rose to $28k. Could the rally lose steam? Futures are slightly down. If the markets end up higher, it could be a selling opportunity. If we go down, it is prudent to add some good names.
Job openings fell to below 10 million in Feb. That is the lowest it has been since 2020, which is an indication of the economy cooling off, just what the Fed ordered. Gold is closing in on its 2020 records.
General Motors (GM) becomes the #2 seller of EVs in the US, behind Tesla (TSLA). Ford (F) sales were up 10% but stand in 5th place. Ford needs to work on pricing, the Lightning has not had its price adjusted since it came out, while Tesla had many price changes and has consecutively reached new records in deliveries.
Stocks to Watch
Johnson & Johnson (JNJ) agrees to pay $8.9 Billion to settle the talc baby powder cancer claims from ages ago. Could this finally put the issue in the rearview mirror? Stock is up in early trading.
Apple (APPL) receives Price target raise from Bank of America. Solid. Own it, don't trade it.
American Refiner Marathon Petroleum (MRO) is raised to overweight. Good call.
Meta Platforms (META) remains a Buy rating from Jeffries. The stock has been performing tremendously.
Happy Investing,
The Punkrock Capitalist
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