😒 Unemployment Claims and Stalled Stimulus Talks Hold Stocks Back

Good morning. Stocks declined for a third day in a row yesterday. The culprits? More of the same

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. Stocks declined for a third day in a row yesterday. The culprits? More of the same. The market likes hearing about stimulus, and those talks were delayed again. And yesterday's unemployment numbers show that job losses continue to mount across companies large and small. Typically, bad news has become good news again. That's because poor economic news makes for a case for more stimulus. But until there's clarity on that issue, trades can continue to expect a wild ride. But, to be fair, we were warned about the pre-election volatility in markets. Now here's the rest of the news: Sponsored Content Repeat Stocks Creating A "Printing Press" For Traders A weird market anomaly that has paid out 230%... 357%... And even 370%.... on the exact same date each year… like clockwork. The same stocks… same exact dates… year after year, after year… giving us 100%. Certainty on the decade for all our trades… and over the last decade they could have earned you over $7.1 million. Click HERE to see the new stock that's about to enter it's "Prime Window". MARKETS DOW 28,495.58 -0.06% S&P 3,48.34 -0.15% NASDAQ 11,713.87 -1.69% *As of market close • Stocks declined again on Thursday, but closed well off their lows. • Oil dropped 0.1 percent, closing at $40.98 per barrel. • Gold rose 0.2 percent, rising to $1,911 per ounce. • Cryptocurrencies mostly moved higher, with Bitcoin rising 4.2 percent to $11,527. Today's TOP TIPS The Case for Big Tech to Surge Even Higher Some of the top-performing stocks of the past year have a lot in common. Many are known as "big tech" names due to their size. And they've performed well thanks to the fact that they're been well-positioned to increase market share and profitability during the pandemic. These companies are also wildly overvalued by any traditional measure, whether by earnings, sales, or asset value. But one manager sees some big tech names heading even higher. » FULL STORY Insider Trading Report: Loop Industries Inc (LOOP) Daniel Solomita, President and CEO of Loop Industries (LOOP), recently bought 10,000 shares. The buy increased his stake by 5 percent, and came to a cost of just over $73,000. He was joined by the company CFO, buying 5,000 shares. Two directors have also been buyers in recent days, each picking up 10,000 shares in the low $8 range. This cluster of insider buying has occurred as shares have been cut nearly in half in the past month. » FULL STORY Unusual Options Activity: Wells Fargo (WFC) Over 2,000 contracts traded on January 2023 $30 puts on Wells Fargo (WFC). That's a 16-fold increase in interest given the prior 122 open contracts in the trade. The puts, which are about $7 in-the-money, expire in 826 days. The long-dated trade, known as a LEAP, is a bet that the bank's shares will head lower. The trader paid just over $10.00, so shares will need to trade under $20 at expiration for the trade to profit. » FULL STORY IN OTHER NEWS • 898,000 first-time jobless claims were filed this week. • First-year college enrollment is down 16 percent against the pandemic. • Petrochemical companies are scaling back on plastics as profits shrink. • Snapchat launches Sounds on Snapchat, a rival to TikTok. • Wal-Mart's CEO asks Congress to pass further stimulus. • Social media firms find themselves under fire after suppressing a New York Post story. • Stripe acquires Paystack for over $200 million, expanding into Africa. • In earnings, Morgan Stanley beats on better-than-expected trading. • Aphria drops on a bigger-than-expected loss and poor sales. • Taiwan Semiconductor beats on strong 5G-related sales. S&P 500 MOVERS TOP APA 6.087% XEC 5.352% ZM 5.331% SCHW 5.146% LB 5.097% BOTTOM VRTX 20.696% BIDU 4.432% BSX 3.988% UAL 3.819% AKAM 3.777% Quote of the Day The buying that went on in August and September is a 10-year phenomenon the likes of which we have never seen, among millennials and in the risk-taking among people that don't want to own bonds and want to own overpriced U.S. quality businesses, it is of record proportions. - Cole Smead, President of Smead Capital Management, on why "young and dumb" investors have pushed valuations on the stock market to 22 times earnings amidst a global pandemic. Sponsored Content Repeat Stocks Creating A "Printing Press" For Traders A weird market anomaly that has paid out 230%... 357%... And even 370%.... on the exact same date each year… like clockwork. The same stocks… same exact dates… year after year, after year… giving us 100%. Certainty on the decade for all our trades… and over the last decade they could have earned you over $7.1 million. Click HERE to see the new stock that's about to enter it's "Prime Window". 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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