🔁 Stocks Turn Aimless

Good morning. For all the predicted election volatility, we're not seeing it yet. In fact, the..

 

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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Good morning. For all the predicted election volatility, we're not seeing it yet. In fact, the market's sideways turn in recent sessions looks more like a sailing ship stuck in windless doldrums. But, again, beyond the headline numbers for stocks, it's still earnings season. And companies that have thrived during the pandemic are continuing to do well. For the rest, it's really a function of whether or not things have been as bad as expected… or worse. Chances are we'll get a stronger market trend after next week's election. The real question is how many days it will take for the outcome to be clear. Now here's the rest of the news: Sponsored Content Up to 93.2% Accuracy Trading Before the Open? We're just getting word of this… an all-new way to trade - before the bell rings on Wall Street - allowing traders to achieve up to 1,139% return… Two hedge fund managers teamed up to develop the all-new strategy allowing YOU to trade outside of the competition… Click HERE to login to the "7AM Super Surges" broadcast now. MARKETS DOW 28,336.29 -0.10% S&P 3,465.46 +0.35% NASDAQ 11,548.28 +0.37% *As of market close • Stocks gradually traded higher Friday, as investors continued to digest earnings. • Oil sank 2.3 percent, closing at $39.71 per barrel. • Gold traded flat, around $1,904 per ounce. • Cryptocurrencies slightly pulled back, with Bitcoin trading at $12,916. Today's TOP TIPS Big Tech Still has Room to Run: Consider this Monopoly Play Large companies in the technology space are facing increased regulatory scrutiny. Lawmakers of all political stripes are concerned with the abilities of big tech companies in nearly all facets of life. But for all the concerns about these companies buying up competitors or engaging in monopolistic practices, at least one analyst sees more upside ahead for the big-tech stocks. Why? Because these companies are big because they continue to innovate. » FULL STORY Insider Trading Report: Del Taco Restaurants (TACO) Ari Levy, a director at Del Taco Restaurants (TACO), recently added 67,400 shares to his holdings. The buy came to just over $504,000. The director now owns over 3 million shares of the company. Insider data shows that company insiders have been massive buyers of shares in the past year, picking up nearly 500,000 shares in total. The last insider sale occurred in early 2019. All told, insiders own over 19 percent of shares. » FULL STORY Unusual Options Activity: Kennedy-Wilson (KW) One trader sees a rally in the next month in Kennedy-Wilson (KW), a real estate company with a focus on multi-family properties. The November 20th $15 calls, expiring in 25 days, saw over 3,300 contracts trade against a prior open interest of 127. That's a 26-fold rise in volume, a very unusual move for such a small company. The buyer paid $0.30 for the option, on average. » FULL STORY IN OTHER NEWS • The CBO estimates that for the fiscal year 2020, US debt will be larger than the US economy. • Walmart sues the U.S. in a pre-emptive lawsuit to head off an opioid case. • Streaming site Quibi calls it quits after six months. • Small cities are hit by a reduction in airline services amidst the pandemic. • Macy's cuts out Santa Claus for the first time in 159 years. • In earnings, Intel beats, but drops on weak results for its data center business. • Illinois Tool Works rallies following a beat on earnings and revenues. • Seagate beats on earnings, but warns of a margin headwind. • American Express reports lower earnings, but that consumer spending increased in the third quarter.   • Huawei reports slowing growth and challenges ahead as the company faces U.S. sanctions.   S&P 500 MOVERS TOP SIVB 3.971% FLS 3.928% DXCM 3.842% NCLH 3.614% ALGN 3.603% BOTTOM INTC 10.575% RHI 8.256% FTI 5.685% AAL 4.183% AAL 3.636% Quote of the Day Governmental powers are still trying to put together another economic relief package. However, despite the July expiration of unemployment benefits provided by the CARES Act, here, two-and-a-half months later, U.S. economic momentum is remarkably healthy. - Jim Paulsen, chief investment strategist at The Leuthold Group, on why the economy is holding up relatively well in spite of the end of the first round of stimulus. Sponsored Content Up to 93.2% Accuracy Trading Before the Open? We're just getting word of this… an all-new way to trade - before the bell rings on Wall Street - allowing traders to achieve up to 1,139% return… Two hedge fund managers teamed up to develop the all-new strategy allowing YOU to trade outside of the competition… Click HERE to login to the "7AM Super Surges" broadcast now.   Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks   › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow   › Step #3 - Connect With The Community: Trading Tips Official Facebook Group   Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. 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