Good morning! This is Mike Larson, your Editor-in-Chief at MoneyShow. Today, we’re rolling out a new feature for your Top Pros Top Picks newsletter...The MoneyShow Market Minute.
You’ll find this article at the top of each day’s email. My goal is to help keep you one step ahead of the markets every trading day by:
- Summarizing the early activity in stocks, bonds, precious metals, commodities, currencies, and more.
- Highlighting the most important news developments on the economic, corporate, and geopolitical fronts.
- Pointing you toward useful and relevant content we have at MoneyShow to help you capitalize on those moves in your investing and trading accounts.
In the coming weeks, I’ll be refining the content further – and we’ll be improving the look of the letter as well. I trust you’ll enjoy these new, FREE benefits. Just like the MoneyShow Expert Interview Series of weekly videos we introduced recently, these are designed to help you Invest Smarter and Trade Wiser.
Finally, if you have any feedback, please do let us know at customerservice@moneyshow.com. Now, on to today’s MoneyShow Market Minute...
Today is a “Day After the State of the Union” day and equities are mildly weaker. Meanwhile, Treasuries and the dollar are flat, while gold and silver are bit higher along with crude oil.
Speaking of the SOTU address, it went as most do. The President talked about a long list of accomplishments and potential measures, while the opposing party pushed back and jeered. Market reaction, as noted above, has been muted – in large part because there weren’t any huge, new, market-oriented proposals floated.
Uber Technologies Inc. (UBER) looks set to trade even higher after strong earnings. Many other technology stocks that got hammered in 2022 have also risen from the dead lately, including Meta Platforms Inc. (META). The latter is now up more than 53% year-to-date...but still down around 13% in the past 12 months.
On the M&A front, CVS Health Corp. (CVS) is buying Oak Street Health Inc. (OSH) for $10.6 billion to expand its direct healthcare business. But Microsoft Corp. (MSFT) is facing pushback from U.K. regulators over its plan to buy gaming software company Activision Blizzard Inc. (ATVI) for $75 billion.
