⛔️ Another Boeing accident

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Good morning investors! This was a very interesting weekend with major news coming from different sectors, including Bitcoin, which is once again back above 70K.

Today we cover:

• The strong job market.

• Another Boeing accident.

• Not to be excited for BTC?

📊 Economy and News 

The US economy added 303,000 positions last month

Friday's job report surprised investors.

The unemployment rate fell to 3.8% from 3.9% the month before with 303,000 new jobs in March.

Health care and government were the two most attractive sectors, growing by 72,300 and 71,000 each. Other major sectors included leisure and hospitality (+49,000 jobs); and construction (+39,000 jobs).

March is considered an important month as it saw the leisure and hospitality industry after a bad period due to the lockdown as employment in this industry are back to pre-pandemic level.

Annual wage gains slowed to 4.1% from 4.3%, something the Fed might like.

Overall, the current market is one of the strongest historically and has proven to be resilient.

What does it mean? An unexpectedly strong jobs report, alongside recent volatile inflation data, may add complexity to the Federal Reserve's efforts to control rapidly increasing prices, possibly leading to delays in rate cuts.

Global hits:

• A ticket sold in Oregon has won the nearly $1.33 billion Powerball jackpot .

• Walmart shoppers could claim up to $500 as part of a class-action settlement .

• Trump Media stock sinks to post-merger low .

📈 Stocks

S&P 500 5,204.34 (+1.11%)
DJIA 38,904.04 (+0.80%)
NASDAQ 18,108.46 (+1.28%)
BRENT CRUDE 899.85 (-1.55%)
* Prices as of Apr 8th, 12:20 AM UTC

Not again, Boeing

Boeing is once again in the news for the wrong reasons after a Houston-bound Boeing 737-800 plane operated by Southwest Airlines suffered a malfunction.

The plane returned safely to Denver International Airport on Sunday after an engine cover fell off and struck the wing flap.

The plane was deemed airworthy in May 2015, per FAA records.

Boeing declined to comment on the incident. We expect the stock to go lower today following the incident.

Biggest Movers of the Week: Presented by The Yellowbrick Road

Interesting: Elon Musk announces Tesla will unveil a ‘robotaxi’ on August 8.

The taxi was first announced about five years ago, in April 2019, when the said it expected to begin operating robotaxis by 2020.

The company predicted the autonomous cars would last 11 years and drive 1 million miles, making the company and the car’s operators $30,000 in profit each year.

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🔐 Crypto

Bitcoin $70,001 (+0.34%)
Ethereum $3,432 (+0.01%)
Total market cap $2.59 (+0.28%)
* Prices as of Apr 8th, 12:20 AM UTC

All about crypto

There are some concerns that the stronger-than-expected inflows into the spot BTC ETFs will impact the potential of the halving event. In fact, even Coinbase thinks that Bitcoin halving will have to battle with ‘weak time of year’. But, there are some big bulls, including Ripple CEO who thinks the crypto market will double in size to $5 trillion by the end of 2024.

Here are a few more headings worth checking out:

• FTX estate sold $1.9b Solana at discount price.

• Blockchain startup LightLink raises $6.2m as cryptocurrency VC activity shifts.

• Dogecoin surges over 10% to cross $0.20 mark.

• Grayscale Investments has removed Cardano from its Digital Large Cap Fund.

• Cathie Wood calls on US regulators to emulate Hong Kong’s cryptocurrency policies.

💵 Personal Finance

How to benefit from IPOs

IPOs allow investors to enjoy great perks. In recent times, companies such as Airbnb and CureVac BV offered great results. The former soared 114.7% above the IPO price and the latter offered up to 596% return from the offer price.

An IPO can be an easy way to improve your financial situation. Here are some of the benefits of investing in an IPO:

• You get a chance to make quick money in the form of listing gains.

• Prices are usually low at the time of an IPO, thus offering easy entry.

• Companies offer a lot of information at the IPO stage, thus making the decision easier.

However, not all IPOs are successful. Robinhood, for example, failed despite being a big name. Its shares fell 10% within minutes of the bell ringing. Some other companies to have faced a similar fate include Uber, Etsy, and Omeros.

So, how to choose the right IPO to invest in? Here are a few pointers to remember:

• Understand the business model and look at the company's long-term prospects. Ensure the model is sustainable and don't blindly follow big names.

• Choose a company that has proven itself and has strong supporters and brokers.

• Do not look solely at the past when gauging a company, rather look at its growth potential.

• Ensure the price is right as not all IPOs are justified and some companies are known for starting ‘expensive’.

Despite all this, you may still face some challenges. Remember to be cautious because the stock market is unpredictable.

Are you ready to invest in an IPO? Here are some upcoming IPOs😀 

• Shein, date not announced.

• Discord, date not announced.

• High Roller Technologies on NYSE American expected to have a starting price of $8 to $10).

For more, check this amazing video covering how to invest in an IPO:

💰 Be a Better Investor

👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.

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