Good morning. Markets never quite move as expected. For instance, traders expected some volatility..
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% | | | | *Our offices remained closed on Friday for Thanksgiving weekend. | | | | | | | | | This Mall Retailer is a Strong Short Squeeze Candidate | | | | Traders can make a bundle buying companies with a high amount of short interest. That's because once a stock's price moves higher, short-sellers need to buy shares to cover their position. If shares can't be found, and traders get desperate enough, the squeeze is on! One potential squeeze play is in a mall retailer that has 45 percent of its float (available shares) held by short sellers right now.
» FULL STORY | | | | | | Insider Trading Report: Biglari Holdings (BH) | | | | Sardar Biglari, Chairman and CEO of Biglari Holdings (BH), recently bought 23,613 additional shares. The buy increased his holdings by just under 2 percent. The buy totaled just under $2.6 million. Biglari has been a buyer of shares over the past year at prices as much as 30 percent below where shares trade today. Other insiders have also picked up smaller stakes. There have been no insider sales in the last three years. » FULL STORY | | | | | | Unusual Options Activity: Palantir (PLTR) | | | | Big data giant Palantir (PLTR), which recently went public, traded sideways for a few weeks before starting a monster move higher. At least one trader sees shares continuing to head even higher from here. That's based on the May 2021 $40 calls. Over 12,100 contracts traded against a prior open interest of 362. That's a 33-fold rise in volume, and it came in as shares were up double-digits for yet another day.
» FULL STORY | | | | | | | TOP | | ETSY | 5.443% | | | ADSK | 4.738% | | | PYPL | 4.107% | | | ZM | 3.782% | | | TSLA | 33.353% | | | BOTTOM | | GPS | 19.613% | | | FTI | 6.308% | | | CRM | 5.375% | | | PPL | 4.205% | | | F | 3.915% | | | | | | | | | The conditions that drove gold to an all-time high this year are very much still in place. I think it's just natural that once you get to an all-time high in an asset class, there's some consolidation afterwards and that's what we're seeing right now in terms of the price. But the fundamental conditions are still here and I believe that they will be here for the next 12-15 months minimum as well. | | - GraniteShares founder and CEO Will Rhind on why gold prices have pulled back a bit, but why they should continue strong through 2021, likely setting new highs once again. | | |
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