Market Update Newsletter 3/27/23

Markets closed higher last week with the three indexes all up over 1%. Bitcoin (BTC) rose to $27k. Futures are pointing towards a green open.

Ford's (F) EV unit has lost $2 Billion last year as the company is splurging to expand. Legacy biz was profitable.

First Citizens (FCNCA) is up over 60% after news that the bank will buy $72 Billion of recently failed Silicon Valley Bank assets for $16.5 Billion.

Stocks to Watch

The energy sector gets some hate from analysts such as Chevron (CVX), Devon Energy (DVN), Apache (APA), Diamondback (FANG), and others receive PT reductions as oil hits its lowest point in a year.

General Mills (GIS) receives a double PT raise.

Happy Investing!

The Punkrock Capitalist