☝️ First Covid Vaccine Outweighed by Lack of Stimulus

Good morning. The Covid vaccine/stimulus narrative remains in full force. Stocks gave up a strong..

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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Good morning. The Covid vaccine/stimulus narrative remains in full force. Stocks gave up a strong early morning gain, prompted in part by news of a new bipartisan stimulus package in addition to the first officially delivered vaccine. As it appeared that nothing would happen on the stimulus front yet again, however, we saw a drop in the afternoon. Not to worry. As with the China trade deal narrative a few years back, we know that the moves these news headlines make will only move the overall markets a few percentage points either way. But they do create some buying opportunities. Combined with last week's selloff, there are plenty of worthwhile stocks worth owning that are now no longer overbought. Remember, market selloffs create buying opportunities. Now here's the rest of the news: Sponsored Content Learn to Trade like a Pro, from a Pro Learn a direct approach to trading Futures that provides you with the techniques and the confidence you need to make consistent profits. For a limited time, we are offering a FREE CLASS. Don't take our word for how effective our teaching methods are… see it for yourself! MARKETS DOW 29,861.55 -0.62% S&P 3,647.49 -0.44% NASDAQ 12,440.04 +0.50% *As of market close • Stocks traded mixed on Monday, with the Nasdaq rising as the Dow and S&P dropped. • Oil rallied 0.9 percent, closing at $47.00 per barrel. • Gold traded down 0.7 percent, ending at $1,830 per ounce. • Cryptocurrencies traded mixed, with Bitcoin changing hands at $19,168 after a weekend rally. Today's TOP TIPS Rising Sales Trends Point to an Oversold Rally in this Stock Some companies have fared better than others this year. The restaurant space has been decimated, as sales have plummeted. But while that's been hard-hitting for family-owned operations, large, publicly-traded firms have held up well. These are the companies that were already capable of providing their goods via pickup (such as drive-thru) and delivery options. So it's no surprise that these restaurants have held up better, and will likely continue to do so. » FULL STORY Insider Trading Report: Coty Inc (COTY) Anna von Bayern, the Chief Corporate Affairs Officer at Coty (COTY), recently started a stake with a 32,100 share buy. The total price came to just over $232,000. This is the first buy from a company executive in months, but company directors have been active buyers over the past few months. In total, a handful of directors have picked up over 1.1 million shares of the cosmetics company. Overall, insiders own over 62 percent of shares. » FULL STORY Unusual Options Activity: Virgin Galactic (SPCE) Shares of Virgin Galactic (SPCE) dropped heavily on Monday, as the company's latest test flight triggered a failsafe. But at least one trader recognizes that rocket science is complex, and shares will recover. That's based on the January 8th 2021 $27.50 calls. Expiring 24 days, over 1,400 of the contracts traded hands, a 13-fold increase in volume over the prior open interest of 110. The trader paid about $2.65 for the options. » FULL STORY IN OTHER NEWS • The first Covid-19 vaccine is given to a nurse in New York. • A new bipartisan $908 billion Covid relief bill has been drafted. • Amid a rising Covid case wave, European governments plan for holiday lockdowns. • The U.K. and EU continue to work on a trade deal, even after the latest deadline. • Google Workspace services suffer a major outage on Monday. • Small banks enjoy a prosperous year as stimulus funds end up on their balance sheets. • Amazon's Zoox unveils a robotaxi. • SPACs are likely to continue garnering investor interest in 2021. • ExxonMobil promises to cut greenhouse gas emissions and end flaring by 2030. • Virgin Galactic's latest test flight fails to reach space after a failsafe is triggered. S&P 500 MOVERS TOP ALXN 29.203% INCY 6.777% TSLA 4.892% ROL 4.881% REGN 4.296% BOTTOM OXY 8.234% M 6.769% FANG 6.306% HFC 5.75% MAC 5.331% Quote of the Day It is abundantly clear the economy is slowing as local shutdowns continue, but any impact on the equity market has been limited so far. Whether this continues into 1Q is unclear, but our guess is pullbacks will be limited unless something materially changes in the vaccine story. - Tavis McCourt, institutional equity strategist at Raymond James, on why the stock market's rally will likely continue, even if the economy slows down amidst rising local economic shutdowns. Sponsored Content Learn to Trade like a Pro, from a Pro Learn a direct approach to trading Futures that provides you with the techniques and the confidence you need to make consistent profits. For a limited time, we are offering a FREE CLASS. Don't take our word for how effective our teaching methods are… see it for yourself! Not sure the best way to get started? 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