🙁 The Economy Still Has a Long Way to Go

Good morning. Pfizer reported that its Covid-19 vaccine had a 95 percent efficacy rating.

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. Pfizer reported that its Covid-19 vaccine had a 95 percent efficacy rating. That topped the 94.5 percent reported by Moderna last week. The race is on to see who can hit 96% first! While that news is certainly great overall, it will still take time to mass produce and distribute the drug. Healthcare workers on the front line may see the first batches in the next month. In any event, it's clear that the market isn't quite ready to head materially higher until the vaccine can be distributed. That' something we've warned about before—but that warning also carries an opportunity for trading both up and down. Sponsored Content One New Company Looks Ready To Capitalize on Massive Demand for Lithium With a low share price and 68,000 acres in the renowned Lithium Triangle, this company is positioned to meet the lithium supply shortage facing TSLA and other EV manufacturers. See the detailed report HERE. MARKETS DOW 29,437.77 -1.16% S&P 3,567.75 -1.16% NASDAQ 11,80.60 -0.82% *As of market close • Stocks declined on Wednesday, giving up morning gains to slide into the close. • Oil traded up 0.6 percent, closing at $41.68 per barrel. • Gold declined 0.9 percent, closing at $1,868 per ounce. • Cryptocurrencies trended down after an overnight rally, with Bitcoin last trading at $17,638. Today's TOP TIPS This Retail Investor Favorite Still Has Room to Run It's sometimes dangerous to follow into a trade that's popular with retail investors. In a market selloff, they may be quick to send shares lower, and without institutional investors, rallies can be out of proportion to a company's prospects. But with one tech name reporting massive earnings and sales growth, there's more room to run, even with so many retail traders loving the stock. With a number of analyst upgrades as well, traders can still play the long-term uptrend. » FULL STORY Insider Trading Report: Sally Beauty Holdings (SBH) Christian Brickman, President and CEO of Sally Beauty Holdings (SBH), remelt added 11,350 shares to his holdings. The purchase price came to just over $124,000 and increased his total stake by 2.5 percent. This follows a 10,000 share buy from the CEO in August, around the same time a director picked up shares as well. Insiders have been active throughout the year, with insider buys handily beating insider sales at the company. » FULL STORY Unusual Options Activity: First Solar (FSLR) Alternative energy play First Solar (FSLR) has generally been trending up, although shares recently saw a strong pullback. One trader is betting that the drop is temporary, and shares will trend higher. That's the logic behind the surge in the December $92.50 calls. Expiring in 29 days, the calls will move in-the-money on a 14 percent rise in shares. Over 8,760 contracts traded, a 25-fold rise in volume from the prior interest near 350. » FULL STORY IN OTHER NEWS • U.S. mortgage debt hits a record $10 trillion. • The FAA rescinds its grounding order for the Boeing 737 Max jet. • Pfizer reports that its Covid vaccine is 95 percent effective. • GM looks to use data from its cars to launch an auto-insurance business. • Marissa Mayer launches Sunshine, a consumer app startup. • Resolute Investment Managers may take control of ARK Investment Management next year. • Apple lowers App Store fees to 15 percent for users with less than $1 million in revenues. • In earnings, Target shares soar as its curbside pickup service grows more than 500 percent. • TJX beats on expectations, with sales down just 5 percent in the quarter. • NIO beats expectations, with a 146 percent rise in sales year-over-year. S&P 500 MOVERS TOP TSLA 10.197% TRIP 3.749% ZM 3.339% FLS 3.214% FLIR 2.901% BOTTOM LOW 8.207% NCLH 7.253% PSX 5.58% VLO 5.356% LB 5.19% Quote of the Day I know now we have this big debate. Is it $2.2 trillion, $1.5 trillion? You gotta be kidding me. I mean just split the baby and move on. This is childish behavior on the part of our politicians. There is a big part of our country that is really struggling… that is what we should be focusing on. - Jamie Dimon, CEO of JPMorgan Chase, on why further stimulus should be passed as soon as possible to stimulate the economy from the ground up. Sponsored Content EV Industry is exploding! Finding a New Lithium Supply is Critical for Sector A young company, with a low stock price, has met that challenge with its huge new source near a "Who's Who" of lithium producers in the renowned Lithium Triangle. Read HERE about Tesla, Amazon and other's Unquenchable Demand for lithium Not sure the best way to get started? 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