Good morning. This may come as a shock, but some see the stock market getting ahead of itself.
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 30,199.31 | +1.13% | | | | S&P 3,694.62 | +1.29% | | | | NASDAQ 12,595.06 | +1.25% | | | | *As of market close | | • | Stocks rallied on Tuesday, with stimulus enthusiasm pushing stocks higher. | | • | Oil rallied 1.3 percent, closing at $47.59 per barrel. | | • | Gold rose 1.4 percent, ending at $1,858 per ounce. | | • | Cryptocurrencies generally rose, with Bitcoin trading at $19,491. | | | | | | | | Follow this Activist Investor into an Underperforming Giant | | | | A company that's successful will sometimes pivot to a new challenge. Sometimes, it may stay with its core focus. And at other times, it may rest on its laurels, allowing competitors to come in and find a better way to succeed in the sector. In that last case, an activist investor may step in to streamline operations, cut costs, and make the company competitive again. Such investments can often turn industry laggards into leaders.
» FULL STORY | | | | | | Insider Trading Report: Crown Castle International (CCI) | | | | Martin Landis, a director at Crown Castle International (CCI) recently bought shares on two consecutive days last week. On December 9th, he picked up 2,100 shares. On December 10th, he bought 1,200 shares. The total cost for those two buys came to just under $540,000. Landis also bought shares in October. Most company insiders have been sellers of shares throughout the year at the cell tower firm. » FULL STORY | | | | | | Unusual Options Activity: AES Corp (AES) | | | | Shares of AES Corp (AES) have rallied by over 25 percent in the past few months. At least one trader sees the utility company pulling back from these levels. That's based on the January 15th 2021 $20 puts. Expiring in just 30 days, over 4,050 contracts traded against a prior open interest of 186, for a 22-fold rise in volume. With shares at $21.65, shares would need to fall nearly 8 percent for this trade to move in-the-money.
» FULL STORY | | | | | | | TOP | | AIV | 16.129% | | | BIDU | 13.832% | | | WYNN | 6.1% | | | LLY | 6.029% | | | HAL | 5.854% | | | BOTTOM | | TSN | 2.193% | | | REGN | 1.717% | | | MO | 1.678% | | | CJRW | 1.667% | | | MKC | 1.619% | | | | | | | | | I do think we're in a moment in time where there's a lot of euphoria. I personally am concerned about that…I don't think in the long run that's healthy. I think it will rebalance over time, as it always does. | | - David Solomon, CEO of Goldman Sachs, on the recent high-priced and high-valued initial public offerings (IPOs), and why a pullback from some of these names is likely in the near future. | | |
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