Good morning. The S&P 500 is looking set to rise about 15 percent for 2020.
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 30,335.67 | -0.22% | | | | S&P 3,727.04 | -0.22% | | | | NASDAQ 12,850.22 | -0.38% | | | | *As of market close | | • | Thestock market traded down on Tuesday, with small drops in all averages. | | • | Oil rose 0.8 percent, closing at $47.98 per barrel. | | • | Gold rallied 0.2 percent, ending at $1,883 per ounce. | | • | Cryptocurrencies generally rose, with Bitcoin last trading at $27,113. | | | | | | | | | A Market-Beating Investment Vehicle Trading at a Discount | | | | Funds can have a bad name. But when they have a manager on a hot streak, who runs a concentrated portfolio, and who can invest in strategies such as shorting the market and in SPACs, it might just be a top play of 2021. That's the case with Pershing Square Holdings (PSHZF). Run by Bill Ackman, the fund is coming off a great year following Ackman's bet against the market earlier in the year.
» FULL STORY | | | | | | Insider Trading Report: Genuine Parts Company (GPC) | | | | John Holder, a director at Genuine Parts Company (GPC), recently picked up 1,000 shares. The buy increased his holdings by nearly 8 percent, and came to a cost of $97,000. Holder also made the second most recent insider transaction with a buy back in October. Another director also picked up shares back in March. Looking to prior years, there have been a number of both insider buys and sells. » FULL STORY | | | | | | Unusual Options Activity: Microsoft (MSFT) | | | | Tech giant Microsoft (MSFT) has had a solid year. One trader sees shares surging even higher. That's based on the February 2021 $242.50 calls. With shares right around $225, that's a bet that the stock will gain another 7.7 percent in the next seven weeks. The option saw over 6,570 contracts trade compared to a prior open interest of 100, a 66-fold surge in volume. The trader paid about $2.67 for the option.
» FULL STORY | | | | | | | TOP | | JD | 5.551% | | | INTC | 4.929% | | | ABMD | 2.563% | | | ZBH | 2.391% | | | NTES | 2.535% | | | BOTTOM | | DPZ | 3.953% | | | FLIR | 3.563% | | | WDC | 3.536% | | | PAYC | 3.451% | | | MAC | 3.185% | | | | | | | | | "…it's the strength of the U.S. dollar that makes our goods a little bit more than they would be otherwise for competing nations in same product categories. And right now, the most startling statistic, is that we're shipping back two times the amount of empty boxes than we are American exports across our docks. | | - Port of Los Angeles Executive Director Gene Seroka on the rising volume at the port, as well as its somewhat one-way trade amidst the peak retail buying season. | | |
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