Mad Hedge Hot Tips for May 1, 2019

Mad Hedge Hot Tips
May 1, 2019
Fiat Lux

The Five Most Important Things That Happened Today
(and what to do about them)

1) Apple Blows it Away, with a major earnings upside surprise. The services play is finally feeding into profits. Stock backs bumped up from $100 billion to $150 billion. Don’t touch (AAPL) up here with the stock up $10 in the aftermarket. Click here.

2) Fed Meets Today, to decide on interest rates, which will do absolutely nothing. The non-announcement will be out 2:00 PM EST. Click here.

3) Uber Hits the Road for its IPO, which valuations being cut daily, from a high of $120 billion to a recent low of $90 billion. Rival Lyft definitely peed on their parade with their ill-fated IPO plunging 33%. Click here.

4) ADP Comes in at a Hot 275,000, as the private hiring binge continues. It’s a great preview for the Friday Nonfarm Payroll Report. Click here.

5) Pending Home Sales Jump 3.8%, on a signed contract basis. No doubt the market is responding to the biggest drop on mortgage rates in a decade. At one point, the 30-year fixed rate loan fell as low as 4.03%. Avoid housing for now, it’s still in a recession. Click here.

Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:

(SUNDAY JUNE 30 MANILA, PHILIPINNES STRATEGY LUNCHEON),

(WHY GLOBALIZATION WORKS)

(ALPHABET’S BIG MISS)

(GOOGL), (TSLA), (TWTR)

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