Good morning. Despite taking a breather on Friday, the stock market had a phenomenal week.
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.
| You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here. | | | | |
| | | | DOW 28,323.40 | -0.24% | | | | S&P 3,3509.44 | -0.03% | | | | NASDAQ 11,895.23 | -0.04% | | | | *As of market close | | • | Stocks took a breather on Friday, took a breather on Friday, | | • | Oil dropped 3.6 percent, closing at $37.40 per barrel. | | • | Gold rose 0.3 percent, closing at $1,953 per ounce. | | • | Cryptocurrencies traded mixed, with Bitcoin last trading at $15,591. | | | | | | | | Holiday Factors Favor This Niche Industry | | | | Most investors know that the holiday season is when retail companies post their best numbers. Indeed, the term Black Friday may have even come into existence on the notion that the day after Thanksgiving was the first day many stores posted a profit for the year. This year is also pointing to a strong holiday trend following a year of lockdowns. With many retail stocks already on the radar, one niche area still has some room to run.
» FULL STORY | | | | | | Insider Trading Report: Sprouts Farmers Market (SFM) | | | | Kristen Blum, a director at Sprouts Farmers Market (SFM), recently bought 2,750 shares. The buy increased her holdings by nearly 10 percent, and came to a cost of just under $51,000. She was joined by director Joe Fortunato, who bought 13,000 shares, increasing his holdings by 40 percent. That buy came to over $244,000. This is the second buy from directors in the past few months, following a buy in August as well. » FULL STORY | | | | | | Unusual Options Activity: Credit Suisse Group (CS) | | | | A move higher in global banking giant Credit Suisse Group (CS) appears likely, given the rise in the March 2021 $11 calls. On Friday, over 5,100 contracts traded hands against a prior open interest of 153, for a 33-fold rise in volume. The bet expires in 130 days. With shares at $10.65, the company needs to move about 4 percent higher for the option trade to move in-the-money.
» FULL STORY | | | | | | | TOP | | NWS | 8.921% | | | NWSA | 8.286% | | | MTD | 7.01% | | | ALB | 6.37% | | | MCHP | 5.829% | | | BOTTOM | | FLS | 9.393% | | | DXC | 7.508% | | | NLOK | 7.402% | | | EA | 7.122% | | | EA | 6.36% | | | | | | | | | The latest jobs report shows the U.S. economy is rebounding quickly from COVID-related shutdowns in the spring with the unemployment already dropping below 7%. Despite strong signals that many Americans are getting back to work, however, the number of coronavirus cases is rising and that may mean new restrictions on daily life that could further accelerate a shift to a more digital economy and increase calls for additional government stimulus. | | - Tony Bedikian, Head of Global Markets at Citizens, on why further stimulus may be needed, and why stay-at-home stock plays may still have some growth ahead. | | |
No comments:
Post a Comment