Today is Monday, April 18, 2022.
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How to Earn Interest on Your Crypto
Description: Investors can earn interest on crypto by using a platform that lends the crypto on your behalf to institutions so that you can earn higher yields, according to Blows.
Pros and Cons: Blows said that crypto investors who use this strategy can earn yields of up to 12%, but there are some concerns about the crypto not being kept safely in your wallet.
Stock Outlook: Since going public in late 2021, Blows said that AQRU’s stock is not moving up because the initial investors are selling and there is a need for patient long-term investors.
Final Thoughts: What is Blows' recommendation for crypto traders in 2022? Find out by listening to a new episode of the Early Bird podcast.
Notable Earnings Today: Bank of America (NYSE: BAC), J.B. Hunt Transport Services (Nasdaq: JBHT), Charles Schwab (NYSE: SCHW), F.N.B. (NYSE: FNB), Bank of New York Mellon (NYSE: BK), Lakeland Industries (Nasdaq: LAKE), Synchrony Financial (NYSE: SYF), ServisFirst Bancshares (NYSE: SFBS), Sify Technologies (Nasdaq: SIFY), Pinnacle Financial Partners (Nasdaq: PNFP), Equity Lifestyle Properties (NYSE: ELS), National Bank Holdings (NYSE: NBHC), Hope Bancorp (Nasdaq: HOPE), ToughBuilt Industries (Nasdaq: TBLT), Equity LifeStyle Properties (NYSE: ELS).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Rizome (StartEngine), QuickLoadz (Republic), Franklin Brewing (Honeycomb), Life Imaging Fla (StartEngine), Chicken Waffle (StartEngine), Diggs Boys Bourbon (Seed At The Table), For Bitter For Worse (MicroVentures), Carnot Compression (StartEngine), The Cut Buddy (Seed At The Table).
Notable Economic Events Today: NAHB home builders' index (10:00 a.m. ET).
Elon Musk’s Tender Offer to Twitter
Details: Musk tweeted "🎶 Love Me Tender 🎶" on Saturday, which may potentially reference a tender offer to Twitter.
Definition: A tender offer is a type of bid to buy shares in a corporation.
Background: Last week, Musk offered to acquire Twitter for $43 billion in a hostile takeover. Twitter’s board then installed a shareholder rights plan known as a “poison pill” that would result in diluting Musk’s stake.
Numbers: Shares of Twitter are down 30% in the past six months, but are up 19% in the past 30 days.
Final Thoughts: Musk may try to acquire Twitter again this week. Twitter announces earnings on April 28.
What is Defensive Investing?
During times of volatility, such as the current state of the market, some investors turn to a strategy known as defensive investing.
Definition: Defensive investing involves portfolio changes such as acquiring assets that maintain their value during times of economic uncertainty.
Example: A defensive strategy usually involves a combination of good bonds plus stocks from reputable companies across multiple industries. This might also include dividends.
Finals Thoughts: So-called risky assets, such as cryptocurrency and high-growth technology, are usually avoided as part of a defensive strategy.
Trends to Watch
Trouble: Goldman Sachs Sees U.S. Recession Odds at 35% in Next Two Years (Bloomberg)
No More: Tesla will no longer include mobile connectors with every car (The Verge)
This or That: Is Bitcoin a Risk-On or a Risk-Off Asset? Maybe It’s Neither (CoinDesk)
Pursuit: Quest for Pricing Power Drives Stock Gains (The Wall Street Journal)
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