Good morning. Earnings season is an unusual time. A company can beat on earnings, but offer poor..
It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.
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| | | | DOW 28,502.86 | -0.62% | | | | S&P 3,488.02 | -0.68% | | | | NASDAQ 11,768.16 | -0.81% | | | | *As of market close | | • | Stocks took a breather Wednesday, on lackluster earnings and dimming stimulus prospects. | | • | Oil rose 2.1 percent, closing at $41.05 per barrel. | | • | Gold rose 0.7 percent, rising to $1,907 per ounce. | | • | Cryptocurrencies mostly moved higher, with Bitcoin rising 2.7 percent to $11,353. | | | | | | | | This EV Stock Can Double (No, It's Not Tesla) | | | | J.P. Morgan just updated an electric vehicle company. Not only that, but the investment bank gave a price target more than double where shares were trading at the time. That's a bullish call, and a justified one. That's because the bank expects the electric vehicle market to continue growing substantially, possibly as much as four times higher in some markets. And, no, the company isn't Tesla Motors.
» FULL STORY | | | | | | Insider Trading Report: Precigen (PGEN) | | | | Ares Trading, already a major holder in Precigen (PGEN), recently added another $25 million investment. At that price, the company was able to pick up 6,758,400 shares. That's a 32 percent increase to the fund's stake in the company. The move dwarfs the insider sales in the past month from company insiders. The buy comes as shares of the company have dropped from $15 to under $4 in the past two years. Insiders, including Ares Trading, own over 15 percent of shares. » FULL STORY | | | | | | Unusual Options Activity: Social Capital Hedosophia Holdings Corp II (IPOB) | | | | Over 3,200 contracts traded on the February 2021 $30 calls on Social Capital Hedosophia Holdings Corp (IPOB). That's a 28-fold increase in volume from the prior number of open contracts near 117. With shares trading around $26, shares need to rally about 15 percent for the option contract to move in-the-money. The call buyer paid about $3.10 on average for the options, which expire in 127 days.
» FULL STORY | | | | | | | TOP | | CXO | 10.24% | | | BIDU | 7.1% | | | XEC | 4.918% | | | VNT | 4.671% | | | HFC | 3.325% | | | BOTTOM | | WFC | 6.023% | | | BAC | 5.331% | | | ILMN | 4.352% | | | TMUS | 4.031% | | | INCY | 3.842% | | | | | | | | | ...going forward, a low unemployment rate, in and of itself, will not be sufficient to trigger a tightening of monetary policy absent any evidence from other indicators that inflation is at risk of moving above mandate-consistent levels. While this new framework represents a robust evolution in our monetary policy strategy, this strategy is in service to the dual-mandate goals of monetary policy assigned to the Federal Reserve by the Congress — maximum employment and price stability — which remain unchanged. | | - Federal Reserve Vice Chairman Richard Clarida on why the central bank will likely keep interest rates low for the foreseeable future, a policy likely to make stocks look more attractive relative to fixed income or cash. | | |
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