Good morning, and happy Thanksgiving! There's something refreshing about a holiday centered on..
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 29,872.47 | -0.58% | | | | S&P 3,629.65 | -0.16% | | | | NASDAQ 12,094.40 | +0.48% | | | | *As of market close | | • | Stocks traded mixed into the holiday weekend, pulling back from all-time highs. | | • | Oil rallied 1.9 percent, closing at $45.76 per barrel. | | • | Gold traded flat, closing at $1,805 per ounce. | | • | Cryptocurrencies declined slightly, with Bitcoin last trading at $18,848. | | | | | | | | This Covid Vaccine Play Will Likely Head Higher | | | | Stocks have had a strong month thanks to the end of election uncertainty and the announcement of several Covid-19 vaccines. That takes some of the biggest risks in the market off the table. While that's been good for most companies, many firms can still perform even better in the months ahead. That includes the manufacturers of vaccines themselves, which still need to move from a successful announcement to a delivered product.
» FULL STORY | | | | | | Insider Trading Report: Old Republic International (ORI) | | | | Michael Kennedy, a director at Old Republic International (ORI), recently bought 1,494 shares. The buy represented an initial stake in the company. The purchase came to a total cost of just over $26,000. Insiders have been buyers for months in relatively small amounts. Last month saw two directors buy a total of 2,200 shares. The last insider sale was in the autumn of 2019, at far higher prices than today. » FULL STORY | | | | | | Unusual Options Activity: Walgreens Boots Alliance (WBA) | | | | At least one trader is betting that shares of pharmacy chain Walgreens Boots Alliance (WBA) will rally in the coming weeks. That's based on the surge of buying in the December 18th $41 calls. Those options just saw a 33-fold rise in volume, going from 100 open contracts to seeing over 3,250 trade. The buyer paid about $0.36, and expire in 22 days. To move in-the-money, shares would need to rally 7.3 percent from their current price near $38.20.
» FULL STORY | | | | | | | TOP | | ETSY | 5.443% | | | ADSK | 4.738% | | | PYPL | 4.107% | | | ZM | 3.782% | | | TSLA | 3.353% | | | BOTTOM | | GPS | 19.613% | | | FTI | 6.308% | | | CRM | 5.375% | | | PPL | 4.205% | | | F | 3.915% | | | | | | | | | Housing prices were notably – I am tempted to say 'very' – strong in September. This month's increase may reflect a catch-up of COVID-depressed demand from earlier this year; it might also presage future strength, as COVID encourages potential buyers to move from urban apartments to suburban homes. The next several months' reports should help to shed light on this question. | | - Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, on whether or not rising home prices are indicative of a one-time jump or part of a more sustainable trend. | | |
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