Good morning. Stocks continue oscillating as positive vaccine news is overshadowed by increased..
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 29,263.48 | -0.75% | | | | S&P 3,557.54 | -0.68% | | | | NASDAQ 11,854.97 | -0.42% | | | | *As of market close | | • | Stockss lid into the close on Friday, amid rising lockdown concerns. | | • | Oil rallied 1 percent, closing at $42.17 per barrel. | | • | Gold rose 0.5 percent, closing at $1,871 per ounce. | | • | Cryptocurrencies continued higher, with Bitcoin last changing hands at $18,556.. | | | | | | | | Payment Processing Companies Continue to Lead the Markets | | | | 2020 has been a solid year for payment processing companies. From added contactless features to the inclusion of cryptocurrencies, it's a space that's showing tremendous innovation over the credit card networks or traditional banks. That's led to some massive moves higher in a number of stocks. One such rallying name has been an underperformer, but looks set to continue heading higher.
» FULL STORY | | | | | | Insider Trading Report: Beazer Homes (BZH) | | | | Christian Winkle, a director at Beazer Homes (BZH), recently bought 5,950 shares. The buy increased his holdings by 32 percent, and came to a total cost just over $82,000. This marks the first buy from insiders this year. The last insider buys occurred in 2019. Insiders have been large sellers of shares this year, including a large sale by a director in March when prices were near their panic lows. » FULL STORY | | | | | | Unusual Options Activity: Bristol Myers-Squibb (BMY) | | | | At least one trader is betting that pharma giant Bristol Myers-Squibb (BMY) will have a big rally in the first half of 2021. That's based on the call buying in the June 2021 $72.50 calls. The strike price of the option is about 15 percent higher than where shares currently trade at $62. Over 2,500 contracts traded against a prior open interest of 263, a nearly 10-fold rise in volume. The buyer of the contracts paid about $1.09 on average.
» FULL STORY | | | | | | | TOP | | ZM | 6.109% | | | NTES | 4.808% | | | CF | 4.199% | | | ETSY | 4.134% | | | MAC | 3.583% | | | BOTTOM | | WDAY | 9.272% | | | NCLH | 4.9% | | | LVS | 4.542% | | | CCL | 4.508% | | | DXCM | 4.467% | | | | | | | | | Markets should be very comfortable that we have plenty of capacity left. I find it kind of ironic now that I'm being prudent and returning the money to Congress like I'm supposed to that people are questioning that. | | - Treasury Secretary Steven Mnuchin on why the Treasury won't extend funding for various emergency Fed programs anymore, a move that may reduce market liquidity and increase the chances of volatility. | | |
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