Good morning. In the new shot heard 'round the world, 90-year-old UK citizen Margaret Keenan..
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 30,173.88 | +0.35% | | | | S&P 3,702.25 | +0.28% | | | | NASDAQ 12,582.77 | +0.50% | | | | *As of market close | | • | Stocks rose on Tuesday, shaking off early morning losses. | | • | Oil prices traded flat, closing at $45.67 per barrel. | | • | Gold rose 0.4 percent, ending at $1,874 per ounce. | | • | Cryptocurrencies generally declined, with Bitcoin changing hands at $18,731. | | | | | | | | Economic Recovery Suggests Better Returns From this Conglomerate | | | | Most companies rejected the conglomerate business model. Once in fashion, the logic was that a company would have a division that would thrive whenever a different one was out of favor with the market. That model just created a lot of headaches for management instead. However, there are a few surviving examples. Run properly, a conglomerate tends to be a relatively strong performer in a weak economy, but may take time to rally when an economy recovers.
» FULL STORY | | | | | | Insider Trading Report: Enterprise Products Partners LP (EPD) | | | | AJ Teague, co-CEO of Enterprise Products Partners (EPD), recently added 5,025 shares. The buy came to $100,000, and represents a 0.25 percent increase in the co-CEO's holdings. This is the third buy from the co-CEO this year. Other insiders have also been active buyers throughout the year, including both directors and C-suite executives. Investors would have to go back two years to find the last insider sale, which was a small one relative to insider buying. » FULL STORY | | | | | | Unusual Options Activity: Uber Technologies (UBER) | | | | Shares of rideshare giant Uber Technologies (UBER) have shaken off a pandemic-driven drop to rally to all-time highs in recent weeks. One trader sees shares moving even higher. That's based on the activity in the January 2023 $75 calls. Over 2,550 contracts traded against a prior open interest of 148, for a 17-fold rise in volume. Expiring in 772 days, shares would need to rise about 40 percent to move in-the-money.
» FULL STORY | | | | | | | TOP | | EFX | 7.844% | | | NCLH | 6.226% | | | OXY | 5.168% | | | ETSY | 4.486% | | | EOG | 10.027% | | | BOTTOM | | AZO | 5.288% | | | LEN | 5.018% | | | DHI | 4.024% | | | LEG | 3.694% | | | PHM | 3.622% | | | | | | | | | The world that we're experiencing today is certainly far, far better economically than we thought it could've been sitting here three months or six months ago. It's certainly quite possible that you'll see a very quick recovery as the vaccines get rolled out, given all the pent-up demand that exists. | | - Wells Fargo CEO Charlie Scharf on why he expects the economy to roar back in 2021 as vaccines are rolled out. | | |
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