🎅 Forget Santa Claus, Traders Want Uncle Sam to Hand them Cash

Good morning. Stocks briefly hit all-time highs on Friday, but sold off quickly. The reason?

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. Stocks briefly hit all-time highs on Friday, but sold off quickly. The reason? Stalled talks in Congress over the latest stimulus package. Some lawmakers want an additional $600 check… or a $1,200 check… on top of the $900 billion number already being talked about. A deal over the weekend is possible. But with the ability of just one senator to hold things up, another round of stimulus is looking increasingly like it'll take a holiday miracle. That's why we expect some (relatively light) volatility as long as further stimulus remains in limbo. Now here's the rest of the news: Sponsored Content Options Traders: MASSIVE Shift Incoming! In 1992 … 2008 … 2012 … 2016 … massive market shifts took place to transform some people's wealth...and now it's happening in 2020. What is it? "THE VOMMA ZONE" and it's hitting again in 2020! Click HERE to learn more Now. (By clicking you agree to receive email updates and special offers from Trader News Media.) MARKETS DOW 30,180.69 -0.40% S&P 3,709.44 -0.35% NASDAQ 12,755.64 -0.07% *As of market close • Stocks dropped going into the weekend, but traded well off their lows of the day. • Oil dipped 0.3 percent, ending at $1,885 per ounce. • Gold generally declined, ending at $1,885 per ounce. • Cryptocurrencies generally declined, with Bitcoin last trading at $22,776. Today's TOP TIPS The King of Semiconductors is Coiling for a Move Higher Tech stocks have been a clear winner in the market, as they tend to be in most years. Looking to 2021, one major company in the semiconductor space looks poised to move higher. That's because shares have sat out the most recent rally, instead trading in a tight range the past few months. Like a coiling spring, when a move happens, it could be huge. That's why at least one trader sees a big move higher. » FULL STORY Insider Trading Report: Southern National Bank of Virginia (SONA) Dennis Zember, President and CEO of Southern National Bank of Virginia (SONA), just increased his holdings by 200 percent. That came as a result of a 100,000 share buy, which cost the CEO just over $1.1 million. Insider data shows that company directors and C-suite executives alike have been buyers over the past three years. There have only been two sales from a major holder, a capital fund and not a director or executive. » FULL STORY Unusual Options Activity: FireEye (FEYE) Shares of cybersecurity firm FireEye (FEYE) dropped on news of a massive hack before turning around on Friday. At least one trader sees shares moving even higher. That's based on the January 2021 $19 calls. With 25 days until expiration, over 21,100 contracts traded, a 121-fold rise in volume from the prior open interest of 174. The trader paid about $0.33 for the contracts. » FULL STORY IN OTHER NEWS • The SolarWinds cyber-attack reveals a new size and scope for such attacks. • Traders expect volatility as Tesla Motors enters the S&P 500 index. • The Rockefeller Foundation looks to divest from holdings in fossil fuels. • Crypto exchange Coinbase files for an IPO. • Poshmark also files for an IPO. • Dick's Sporting Goods joins with Instacart for same-day delivery. • In earnings, FedEx beats expectations, but provides uncertainty going forward. • Darden Restaurants sees a 19 percent revenue drop on dining restrictions. • IT consulting firm Accenture posts better-than-expected results. • Rite Aid beats on expectations in the third quarter. S&P 500 MOVERS TOP FTNT 6.913% TSLA 5.961% NTES 4.291% VMC 4.071% ABMD 4.043% BOTTOM INTC 6.298% FDX 5.711% AIRC 4.877% VNO 4.351% BXP 4.292% Quote of the Day Official numbers don't show the inflation that people see in their day to day life. Most Americans spend a lot on housing, food, education and heath care. They are all going up in price. That doesn't feel deflationary to me. - Patrick Leary, chief market strategist and senior trader at Incapital, on why the Federal Reserve may be allowing inflation to run higher than expected with its current policies. Sponsored Content Options Traders: MASSIVE Shift Incoming! In 1992 … 2008 … 2012 … 2016 … massive market shifts took place to transform some people's wealth...and now it's happening in 2020. What is it? "THE VOMMA ZONE" and it's hitting again in 2020! Click HERE to learn more Now. (By clicking you agree to receive email updates and special offers from Trader News Media.) Not sure the best way to get started? 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