📈 40 Places Teetering On a Housing Crisis

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Good Morning!

First off, Joe Biden has been spreading some financial sunshine, announcing a cool $9 billion more in student debt relief.

And if you're on the hunt for that one-in-a-million dividend stock that's like the gift that keeps on giving, we've got a juicy scoop on that too. This stock is so good it practically runs on rocket fuel, delivering high-end growth.

Ever heard of seasoning maker, McCormick? Well, their stock recently took a dive of 8.5% after serving up some sour quarterly figures. Guess not every spice adds life, huh?

Lastly, we've got the inside scoop on 40 places that might be teetering on the edge of a housing crisis. You won't want to miss this real estate drama!

Grab your double cookie mocha frappe and let's get into it! ☕️👇️
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Markets

Biden announces $9 billion more in student debt relief (5 minute read)
President Joe Biden just dropped the mic, giving the green light to a whopping $9 billion in student debt relief for 125,000 borrowers. With this latest move, he's pushing the grand total of debt forgiveness to $127 billion for almost 3.6 million Americans.

"This kind of relief is life changing for individuals and their families. But it's good for our economy as a whole as well," he told reporters.

Exxon Mobil Near $60 Billion Deal For Shale Giant Pioneer (2 minute read)
Exxon Mobil (XOM) is said to be on the verge of finalizing a substantial acquisition, aiming to purchase Pioneer Natural Resources (PXD) at an estimated price of approximately $60 billion. The potential acquisition, focused on the shale drilling pioneer Pioneer, is anticipated to materialize in the coming days, pending successful resolution of any remaining negotiations. If realized, this deal would grant Exxon Mobil a significant foothold in the oil-abundant Permian Basin. PXD stock saw a substantial surge of over 11% in premarket trading on Friday, following this news.

Philips shares dive as FDA calls for more testing on recalled devices (2 minute read)
Philips saw a significant decline in its shares after the U.S. Food and Drug Administration expressed the need for further testing on their sleep and respiratory care devices, notably after the recall of millions of units. This recall, initiated due to concerns about foam breakdown that could be ingested by users, has significantly impacted the company's stock over 2021 and 2022. The FDA emphasized that the testing and analysis provided by Philips thus far are deemed insufficient for a comprehensive assessment of the risks associated with the recalled devices. As of this morning, Philips share price has fallen by over 7%.

Investing

This Incredible Dividend Stock Continues to Add Power to Deliver High-End Growth (5 minute read)
Brookfield Renewable is on a roll! These folks just snagged themselves another sweet acquisition, and they're not just sitting on their hands. With BEPC and BEP stocks are up 2.50% and 2.66%, respectively, these guys are all about growth. They've got their eyes on the prize with a trio of catalysts set to rev up their funds from operations (FFO) per share, aiming for a dazzling 7% to 12% annual boost all the way through 2028.

McCormick Stock Crumbles 8.5% After Reporting Sour Quarterly Figures (1 minute read)
This seasonings maker just served up a bitter dish to investors, and their stock took a nosedive to levels we haven't seen in three years! McCormick (MKC), reported its fiscal third-quarter results, and let's just say Wall Street was expecting a little more flavor. They dished out adjusted earnings of 65 cents a share, which, by the way, were right on the money. But when it came to revenue, they fell just a smidge short at $1.69 billion, while the market had its taste buds set on a sweeter $1.7 billion.

Money

Housing Market 2023: 40 Places Poised for a Housing Crisis (5 minute read)
Buying a home? Brace yourself because it's like jumping into the world's biggest financial rollercoaster. It's your most colossal investment, no doubt, but the real estate market? Well, it's a bit of a wild card, to be honest. If you're eyeing that dream house, you'll want to pick a spot where your money tree can grow tall – we're talking about a healthy, appreciating market. But, hey, if you're planning to sell your cozy abode, it's wise to keep your finger on the market's pulse so you don't accidentally toss your property into a downturn tornado.

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Best of Twitter

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Poll Results

What's your reaction to the recent drop in gas prices?

🟩🟩🟩🟩🟩🟩 🎉 Filling up my tank and celebrating the savings!

🟨🟨🟨🟨⬜️⬜️ 😩 I haven't noticed any changes...

🟨🟨🟨🟨🟨⬜️ 😱 Gas prices are still sky-high in my area!

“I’m not exactly celebrating, but I have noticed a slight decrease in gas prices. I do expect it to go up soon.”

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