Good morning. While a number of state officials warned about the need to increase lockdowns and..
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 20,479.35 | +1.37% | | | | S&P 3,585.16 | +1.36% | | | | NASDAQ 11,829.29 | +1.02% | | | | *As of market close | | • | Stocks rallied into the weekend, with the S&P 500 hitting a new all-time high. | | • | Oil dropped 2.3 percent, closing at $40.16 per barrel. | | • | Gold rallied 0.7 percent, closing at $1,885 per ounce. | | • | Cryptocurrencies were generally up, with Bitcoin last trading at $16,200. | | | | | | | | Security Software Adds a New Profitable Angle to this Big Tech Play | | | | It's often thought that the larger a company gets, the fewer paths it has to grow. In the case of technology, however, that's not always the case. A tech company can add a new sector while maintaining old ones, allowing for much more growth potential than a non-tech company. For instance, one analyst sees one of the largest tech companies in the world boosting its size even further, by embracing security software.
» FULL STORY | | | | | | Insider Trading Report: Camping World Holdings (CWH) | | | | Stephen Adams, a director at Camping World Holdings (CWH), recently bought 200,000 shares. The buy increased his total holdings by 400 percent, and came to a cost of just over $4.9 million. That follows on a number of insider buys from the company CEO in September, who paid anywhere from 2 to 15 percent more for the shares that he bought. Company insiders have been both buyers and sellers over the past year. » FULL STORY | | | | | | Unusual Options Activity: Dish Network Corporation (DISH) | | | | Communications firm Dish Network Corporation (DISH) saw a steep decline in shares from September into early November. Now a powerful rally is underway, and one trader sees it continuing. That's based on the March 2021 $35 call options. Expiring in 123 days, the options are a bet that shares will rally at least another 10-15 percent. Over 12,550 contracts traded against a prior open interest of just under 400, for a 32-fold rise in volume.
» FULL STORY | | | | | | | TOP | | MGM | 9.329% | | | HST | 8.518% | | | TRIP | 8.333% | | | MPC | 8.242% | | | SPG | 8.042% | | | BOTTOM | | LULU | 1.352% | | | ZM | 5.846% | | | CINF | 5.073% | | | MKTX | 2.221% | | | ETSY | 1.661% | | | | | | | | | The pace of recovery is likely to get worse before it gets better. Fiscal support has largely dried up for now, leaving disposable income lower in the final months of the year. But the largest risk is that the third wave of the coronavirus is likely to worsen with colder temperatures. | | - David Mericle, Goldman Sachs economist on why the economy will improve in 2021, but why traders should expect a dip in the economy before that happens. | | |
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