Good morning. There was only a small chance that the Federal Reserve would make some kind..
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.
| You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here. | | | | |
| | | | DOW 30,154.54 | -0.54% | | | | S&P 3,701.17 | +0.18% | | | | NASDAQ 12,658.19 | +0.50% | | | | *As of market close | | • | Stocks traded mixed on Wednesday, with no big moves in either direction. | | • | Oil rallied 0.5 percent, closing at $47.86 per barrel. | | • | Gold rose 0.7 percent, ending at $1,867 per ounce. | | • | Cryptocurrencies jumped, with Bitcoin soaring 7.1 percent to $20,797. | | | | | | | | A Growth Stock Play in an Unloved Industry | | | | It's no surprise that the restaurant space has had a challenging year. Most small, family-owned restaurants are at risk of bankruptcy, if they haven't yet gone under. But even publicly-traded companies in the sector have struggled as well. For those chains with poor delivery and takeout options, it's been a challenge. But companies that have quickly adapted to the times are likely to thrive.
» FULL STORY | | | | | | Insider Trading Report: KeyCorp (KEY) | | | | Robin Hayes, a director at KeyCorp (KEY), recently started a stock position with a 2,500 share buy. The purchase cost a total of $40,000. Over the past year, insiders have seen both buyers and sellers. But buyers have held the advantage, thanks to multiple director buys and a 100,000 share purchase from the company President back in April. Over the past three years, insiders have been net sellers, so 2020 has been an outlying year for insider activity. » FULL STORY | | | | | | Unusual Options Activity: Rigel Pharmaceuticals (RIGL) | | | | Shares of Rigel Pharmaceuticals (RIGL) have been trending higher in recent weeks. Despite a spike higher in shares yesterday, at least one trader sees even further upside ahead. That's based on the activity in the January 15th 2021 $3.00 calls. Expiring in 29 days, over 22,770 contacts traded, a 45-fold rise in volume from the prior open interest of 508. The trader paid about $1.00 for the options, which are about $0.50 in-the-money.
» FULL STORY | | | | | | | TOP | | BMRN | 4.998% | | | WDAY | 4.695% | | | CMG | 4.022% | | | PYPL | 3.881% | | | NOW | 3.341% | | | BOTTOM | | DISH | 11.687% | | | AIV | 8.333% | | | MAC | 5.241% | | | TSN | 4.41% | | | M | 4.283% | | | | | | | | | If you have cash and you're looking for a rate of return, you're not going to get it holding it in cash, you're not going to get it in debt instruments. There's no yield anywhere. So it's almost the old TINA - there is no alternative. You've got to own stocks. That's where the action appears to be, and that's why we've seen people rush into IPOs and have some of them double on the first day. | | - Art Cashin, Director of Floor Operations at UBS, on why stocks look attractive going into 2021 even as the economy has remained weak. | | |
No comments:
Post a Comment