Morning mooers, it is Wednesday May 8th: Victory in Europe day. The market is open, and in the negative, punctuated by a morning thunderstorm here in Jersey City.
My name is Kevin Travers, and here are stories moving the market today:
MOOVERS
$Intel (INTC.US)$ stock was sliding 2% as the chip maker company offered lower guidance for Q2 after the U.S. revoked export licenses to China. It was the biggest decliner pulling down the ...

$LegalZoom(LZ.US)$ shares tumbled to a one-year low Wednesday, deepening the slump seen after the market closed yesterday as the online legal solutions provider reported first quarter results that missed estimates.
The company also gave an outlook for the second quarter that also disappointed Wall Street, adding to the negative sentiment.
Shares tumbled 22% to $9.53, after touching $9.43, the lowest since May 9, 2023. The slum...

Many believe commercial real estate is going down soon with wfh trends and several groups defaulting on their loans (Hilton San Francisco).
Residential real estate is better, but definitely not a hot market either with such high interest rates.
But why are commercial real estate stocks like $CBRE, $XLRE, $BX doing fine? What stocks should I look to short if I’m bearish on CRE? $CBRE Group(CBRE.US)$ $Real Estate Select Sector Spdr Fund (The)(XLRE.US)$

$Polestar Automotive(PSNY.US)$ these brokers and this market is sooooo F’in rigged.Yea the market is up.But sooo manipulated.