Good morning. Stocks decided that positive vaccine news is more important than the economic..
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 30,045.84 | +1.54% | | | | S&P 3,635.41 | +1.62% | | | | NASDAQ 12,036.79 | +1.31% | | | | *As of market close | | • | Stocks rallied on Tuesday, with the Dow closing over 30,000 for the first time. | | • | Oil surged 4.3 percent, closing at $44.92 per barrel. | | • | Gold sank 1.8 percent, closing at $1,805 per ounce. | | • | Cryptocurrencies continued their rally, with Bitcoin last trading at $19,001. | | | | | | | | This Social Media Giant Continues to Deliver Growth | | | | Social media companies aren't going away. The internet platforms continue to vie for viewers, as that in turn leads to advertising dollars and revenues. This big-buck business continues to find new ways to innovate. One such company is TikTok, which focuses on sharing short videos between users. Given the massive growth that platform has seen, it's no surprise that other companies are joining in… and why that makes them an attractive buy.
» FULL STORY | | | | | | Insider Trading Report: Avis Budget Group (CAR) | | | | SRS Investment Management bought 104,900 more shares of Avis Budget Group (CAR) recently. The buy upped the fund's stake by a mere 0.6 percent despite a cost of $3.6 million. That's thanks to the fund's 18.3 million share stake in the car rental firm. This is the fund's third buy so far this month. The fund has been an active buyer all year, at prices as much as 40 percent lower than where shares currently trade. » FULL STORY | | | | | | Unusual Options Activity: Bloom Energy (BE) | | | | At least one trader is betting that shares of alternative energy firm Bloom Energy (BE) will continue to trend higher in the next month. That's based on the 11,805 contracts that traded on the December 18th $23 calls. That's a 65-fold rise in volume from the prior interest of 181. With shares trading just under $22, the stock would only need to rally about 5 percent for the options to move in-the-money.
» FULL STORY | | | | | | | TOP | | DLTR | 14.076% | | | MOS | 12.853% | | | CCL | 11.276% | | | UAL | 9.846% | | | AAL | 9.292% | | | BOTTOM | | BBY | 6.965% | | | BIO | 6.923% | | | HRL | 5.637% | | | DLR | 5.265% | | | CTLT | 5.15% | | | | | | | | | There's so many outcomes that could have been worse for the banking sector. For me that was the real risk of that Treasury secretary appointment was you could get someone that was hawkish on the banking sector. …I think she's a pretty benign outcome for the banking sector. When we've had problems with that position in the past, in both Republican and Democratic administrations, it's been when there were people who didn't understand economics and taxes. | | - Barry Knapp, director of research for Ironsides Macroeconomics, on why former Federal Reserve Chairwoman Janet Yellen would be an effective Treasury Secretary, focusing on policy issues over politics. | | |
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