Good morning. Before the election, Congress was debating two different stimulus bills. One was..
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 30,301.79 | +0.49% | | | | S&P 3,722.42 | +0.57% | | | | NASDAQ 12,764.75 | +0.84% | | | | *As of market close | | • | Stocks moved higher on Thursday, with all three indices showing gains. | | • | Oil rallied 1.2 percent, closing at $48.39 per barrel. | | • | Gold rose 1.65 percent, ending at $1,890 per ounce. | | • | Cryptocurrencies rose again, with Bitcoin last near $22,740 after closing in on $24,000. | | | | | | | | Start Prepping For 2021 Trends with a Top Tech Play | | | | For all the unexpected changes in 2020, a few sectors merely advanced goals that they thought would take years to complete. Major software companies shifted heavily towards work-from-home and other remote-work trends, allowing them to be top winners. That trend may not be over yet. The shift this year looks set to solidify next year. And many of the top-performing stocks in the space this year are likely to be big winners next year as well.
» FULL STORY | | | | | | Insider Trading Report: American Homes 4 Rent (AMH) | | | | Wayne Hughes, a major holder at American Homes 4 Rent (AMH), recently added to his stake with a 342,000 share buy. The buy came to just under $10 million, and increased the stake in the company by just under 2 percent. The buy comes as shares of the company have rebounded to all-time highs following a major drop in March. Company executives have been active insider traders the past few months, but entirely on the sell side. » FULL STORY | | | | | | Unusual Options Activity: Citigroup (C) | | | | Shares of megabank Citigroup (C) have done well in the past few weeks during the last stock market surge. At least one trader sees that uptrend continuing in the next few weeks. That's based on the January 2021 $63 call options. With 35 days until expiration, and with shares at $60, a 5 percent rally in shares would send the trade in-the-money. The trader paid about $1.54 for the options.
» FULL STORY | | | | | | | TOP | | LEN | 7.619% | | | ACN | 6.878% | | | LULU | 6.326% | | | PHM | 5.365% | | | TSLA | 5.32% | | | BOTTOM | | MPC | 2.569% | | | HII | 2.377% | | | T | 2.212% | | | OMC | 2.209% | | | CBRE | 2.157% | | | | | | | | | This run is completely different to the one in 2017. Back then, the price was driven by mainly retail investors. Now, we additionally have billionaires praising bitcoin and investment funds securing significant positions worth hundreds of millions. The big players that were once very distant from bitcoin and were outspoken critics are now joining in with the run. | | - Eric Demuth, CEO and co-founder of cryptocurrency trading app Bitpanda, on Bitcoin's surge this week, which has seen the cryptocurrency top $20,000 for the first time, and now trades closer to $23,000. | | |
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