📈 Bed, Bath and Bankruptcy

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Good Morning!

Today's newsletter has got everything from sliding Dow Jones futures to the latest earnings updates you need to keep an eye on. It's not all doom and gloom, though, as we've also got a fascinating list from GOBankingRates on what $1 could buy you over the past 82 years.

Plus, we've got some good news from Glencore Plc – the mining company is set to enjoy another bumper year of trading profits for the third year running. And, of course, we'll be diving into Bed Bath and Beyond's Chapter 11 bankruptcy protection filing and its massive 98% share drop.

So, grab a cup of coffee, sit back, relax, and let’s get into some investing news 👇

A million dollar Banksy got investors 32% returns? (Sponsor)
Mm-hmm, sure. So, what’s the catch? We know it may sound too good to be true. But it’s not only possible, it’s happening—and thousands of investors are smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.

These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 8 exits, the last 3 realizing 10.4%, 35%, and 13.9% net returns even while financial markets plummeted.

But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:

• Outpaced the S&P 500 by 131% over the last 26 years

• Have the lowest correlation to equities of any asset class

• Remained stable through the dot-com bubble and ’08 crisis

Got your attention yet? Offerings can sell out in just minutes but Investing Journal readers can skip the waitlist with this exclusive link.

Markets

Live Updates: Stock futures fall as Wall Street awaits tech earnings (3 minute read)
Investors are keeping their eyes peeled for updates on how some big tech companies are doing, and they're waiting on some fresh economic data releases too. The Dow Jones Industrial Average futures took a bit of a tumble - down 0.3%. And the S&P 500 and Nasdaq-100 futures didn't fare much better, dipping 0.3% and 0.4% respectively. Last week wasn't so great either, with all of the major indexes falling a bit. But hey, about 76% of S&P 500 companies who've reported earnings so far have exceeded expectations. Unfortunately, first-quarter earnings for S&P 500 companies as a whole are estimated to decline around 5.2%.

Investing

Top 5 things to watch in markets in the week ahead (5 minute read)
We've got a jam-packed week ahead in the world of finance! We've got our eyes on some juicy U.S. data that will give us a clue about where interest rates are headed - exciting stuff, right? Plus, we're keeping an eye on those megacap earnings to see if they'll keep the tech stock rally going strong. Over in Europe, bank earnings will reveal the aftermath of last month's banking crisis, and Eurozone data will be a major factor in the ECB's decision making. And let's not forget about the new BOJ governor, who's about to chair his first policy meeting.

Bed Bath & Beyond files for bankruptcy protection, begins liquidation sale (2 minute read)
Bed Bath & Beyond is down for the count. After struggling for a while, the home goods retailer has filed for Chapter 11 bankruptcy protection. They've got some funding to keep things going in the meantime, but let's face it, things aren't looking too great. In the last year alone, their shares have plummeted 98%. Here's hoping they can figure things out, but in the meantime, let's just focus on snagging some good deals on those last-minute purchases.

Glencore Expects Another Bumper Year of Commodity Trading Profit (2 minute read)
Glencore Plc (GLNCY) is crushing it yet again, on track for another year of big-time trading profits. Sure, they're already one of the world's biggest mining companies, but they've got their fingers in a whole lot of other pies too, including trading. And boy, did that trading business boom in 2022 - the Russia-Ukraine situation sent prices and volatility through the roof. In fact, based on their first-quarter performance, they're predicting that their trading profits this year will once again exceed their guidance range of $2.2 billion to $3.2 billion. They've beaten their guidance range for the past three years straight, so let's see if they can keep that winning streak alive!

Want $5,100 in Dividend Income? Invest in These 5 Ultra-High-Yield Stocks (5 minute read)
Listen up, all you income investors out there - we know the drill. You gotta spend money to make money, especially when it comes to getting those sweet, sweet dividend payouts. The Motley Fool explores how you could split your investment equally across these five stocks, which include a couple of energy stocks, some REITs, and a business development company. Just keep in mind that there's always a chance that one or more of these stocks could cut their dividends, so keep your fingers crossed and your eyes peeled.

Money

What $1 Could Buy the Year You Were Born (5 minute read)
Back in the day, $1 could get you some sweet chocolate bars, and even a few gallons of gas. But now? Not so much. It's kind of sad, really. If you're feeling nostalgic, though, GOBankingRates has put together a list of what $1 could buy from 1940 all the way up to 2022. It's eye-opening to see how much things have changed over the years, and it might just make you appreciate the value of a dollar a little bit more!

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