🪓 Big layoffs at Bell, Dell (and UPS as well)

🍫 And WTF is up with cocoa prices?

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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.

  • 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.

🕶️ Market Vibes

🎰 Market 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?

🎰 What's the bigger meme stock in 2024?

Login or Subscribe to participate in polls.

🎤 What you said last time

Most of you are good people!

📈 Trends you need to know

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.

  • 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.

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.

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.

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.

Yet shall we hope for dawn after this night,

From such harsh cuts may yet come stronger might.

You’re welcome / I’m sorry.

Ideas, trends, and analysis

🌍 Global Perspectives

📊 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.

📊 Crypto

🧠 Errata

📺 What to Watch Today

WTF is up with cocoa?

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

*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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