Apple Reveals Latest Products
Photo by Sung Jin Cho / Unsplash

Apple Reveals Latest Products

Plus, Ethereum's year so far.

Steven Lerner
Steven Lerner

Today is Wednesday, March 9, 2022.

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Apple Reveals Latest Products

Technology giant Apple (Nasdaq: APPL) conducted its first product event of the year on Tuesday to showcase some of its new offerings.

Details: This year, Apple rolled out a new, affordable iPhone for a budget-savvy audience. The company also presented a new Mac Studio computer, a new iPad, and a new Mac chip.

Numbers: Despite the positive announcement, shares of Apple dropped 1.17% on Tuesday. The stock is down 10.69% over the last 30 days.

Big Picture: For Apple, Tuesday’s event serves as a way to drum up new business and get customers excited. If they can grow sales, it would be positive for the stock.

Final Thoughts: Apple also announced that it will air two exclusive Major League Baseball games on Fridays, a big step for the tech company.


Notable Earnings Today: ZIM Integrated Shipping Services (NYSE: ZIM), Crowdstrike (Nasdaq: CFWD), Oatly Group (Nasdaq: OTLY), Asana (NYSE: ASAN), Express (NYSE: EXPR), Marqeta (Nasdaq: MQ), Thor Industries (NYSE: THO), Safe Bulkers (NYSE; SB), Campbell Soup (NYSE: CPB), Unfi (NYSE: UNFI), Children's Place (Nasdaq: PLCE), Franco-Nevada (NYSE: FNV), PureCycle (NYSE: PCT), Vertex (Nasdaq: VERX), Accel Entertainment (), Assertio (Nasdaq: ASRT), Mirum (Nasdaq: MIRM), Acorda Therapeutics (Nasdaq: ACOR), adidas (OTCMKTS: ADDYY), Amplify Energy (NYSE: AMPY), BGSF (NYSE: BGSF), Calavo Growers (Nasdaq: CVGW), Fossil Group (Nasdaq: FOSL), Korn Ferry (NYSE: KFY), Lifetime Brands (Nasdaq: LCUT), NeoGames (Nasdaq: NGMS), REV Group (NYSE: REVG), Vera Bradley (Nasdaq: VRA), Vivendi (OTCMKTS: VIVHY).

Notable IPOs Today: Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares (Nasdaq: TETE), VanEck Digital Assets Mining ETF (Nasdaq: DAM), LIV Capital Acquisition Corp. II Class A Ordinary Shares (Nasdaq: LIVB), Lakeshore Acquisition II Corp. Unit (Nasdaq: LBBBU).

Notable Equity Crowdfunding Campaigns Ending Today: Galexa (StartEngine), Canine Biologics (NetCapital).

Notable Economic Events Today: JOLTs Job Openings (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), WASDE Report (12:00 p.m. ET).

Where Ethereum Currently Stands

Ethereum on a dark leather surface.
Photo by Kanchanara / Unsplash

After an incredible year, the cryptocurrency Ethereum has started 2022 on a disappointing note.

Numbers: The price of Ethereum, which was at $3,700 at the start of the year, has lost about 20% of its value.

Challenge: Gas fees for Ethereum have also shot up this year, which is a big headwind.

Bearish Outlook: On Monday, crypto analyst Wolf tweeted that he expects Ethereum to drop as low as $1,800.

Final Thoughts: 2022 was supposed to be the year when Ethereum overtook Bitcoin as the crypto leader, but those ambitions seem to have faded away.

Benefits of Commodity Investing

With commodity-based investments soaring, here are some of the top benefits of investing in these markets.

Diversification: Investors often turn to commodities, including gold and oil, as a hedge for their portfolios. Most commodities have a negative correlation to the stock market, meaning commodities go up when stocks go down.

Limit Volatility: Each commodity's price is independent, thus limiting potential volatility in an investment portfolio.

Inflation Protection: Commodities can provide protection during times of inflation, such as right now.

Final Thoughts: Another advantage is that commodities give investors exposure to new areas of potential growth.

Stopping: McDonald's, Starbucks, Coke and Pepsi all halt sales in Russia (Reuters)

Interesting Pilot: GM plans to test using electric vehicles as a power backup for homes (NPR)

Dropping: Stitch Fix shares plummet after company cuts guidance for the year (CNBC)

Golden Times: Gold Near 19-Month High as Ban on Russian Oil Drives Flight to Safety (Bloomberg)

Split: XPO Logistics to Spin Off Freight Brokerage, Exit Intermodal and Europe Business (The Wall Street Journal)

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