Good morning. You've heard of the tail wagging the dog? In the case of the stock market..
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.
| You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here. | | | | |
| | | | DOW 28,680.33 | -0.55% | | | | S&P 3,511.76 | -0.64% | | | | NASDAQ 11,863.90 | -0.10% | | | | *As of market close | | • | Stocks turned lower yesterday, even as some big names reported expectation-beating earnings. | | • | Oil rose 2 percent, closing at $40.24 per barrel. | | • | Gold slid 1.6 percent dropping to $1,897 per ounce. | | • | Cryptocurrencies mostly moved higher, with Bitcoin rising 3 percent to $11,395. | | | | | | | | DRAM Price Trends Make this Tech Laggard A Buy Now | | | | Deutsche Bank sees improving trends for DRAM memory. That's one sector of the tech space that has been held back lately. The push for cloud services has reduced demand for mobile device memory chips, but now that cycle is turning. While there's some small risk of inventory accumulation leading overall, the rising demand strength in the space, particularly with server demand, could lead to higher prices for DRAM related companies.
» FULL STORY | | | | | | Insider Trading Report: Selecta Biosciences (SELB) | | | | Timothy Springer, a director and major owner at Selecta Biosciences (SELB), recently bought 3,185,394 shares of the company. That trade came to over $5.4 million. The buy increased his total holdings to just over 16.05 million shares. Another director made a 50,000 share buy at the start of October as well. There have been some insider sales in the past year, but they have been dwarfed by insider buys. Insiders own 17 percent of all shares. » FULL STORY | | | | | | Unusual Options Activity: Carnival Cruise Lines (CCL) | | | | Over 1,950 contracts traded on the November 27th $25 calls on Carnival Cruise (CCL). The prior open interest on the trade was 137 contracts, showing a 14-fold rise in volume. The trade, expiring in 44 days, has a strike price 75 percent higher than where shares currently trade around $14.25. With that big of a price difference, it's no surprise that the buyer of the contract only paid about $0.13, or just $13 per contract, on average.
» FULL STORY | | | | | | | TOP | | WAT | 7.085% | | | ZM | 5.544% | | | MELI | 4.394% | | | EBAY | 3.991% | | | ETSY | 3.949% | | | BOTTOM | | RCL | 13.204% | | | NCLH | 8.241% | | | CCL | 7.758% | | | TCOM | 6.808% | | | SLG | 6.116% | | | | | | | | | As long as investors believe that markets will continue to benefit from policy support, asset valuations may stay elevated for some time. Nonetheless, and especially if the economic recovery is delayed, there is a risk of a sharp adjustment in asset prices or periodic bouts of volatility. | | - Tobias Adrian, the IMF's director of the monetary and capital markets department, on why the stock market may suddenly decline should the prospect of further stimulus disappear. | | |
No comments:
Post a Comment