🐌 Sluggish Economy Meets Political Stalemate

Good morning. The official jobless claims provided markets with a dour open on Thursday. The economy

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 official jobless claims provided markets with a dour open on Thursday. The economy remains disconnected from the stock market near all-time highs. But, remember, bad news can mean good news. That's because the worse things look, the better the chances the Federal Reserve will keep monetary stimulus measures in place. And if things get worse, a final fiscal stimulus deal may end up larger than expected. Amidst this economic theater, expect the stock market not to drift too far from its highs, but beware for potential drops. That's especially true with so many companies looking high-flying after the November rally. In any event, knowing how the game is played makes it easier to find profitable trades, both long and short. Now here's the rest of the news: Sponsored Content 5-Figure Paydays Every Year? [Success Stories] For a limited time, Jim Fink is opening up access to his system that's helped a small group of investors make as much as $67,548 per year. Click HERE to find out how to get started. MARKETS DOW 29,998.14 -0.24% S&P 3,688.05 -0.13% NASDAQ 12,405.815 +0.54% *As of market close • Stocks traded mixed on Thursday, with a bounce in the Nasdaq. • Oil prices rose 3.0 percent, closing at $46.90 per barrel. • Gold traded flat, ending at $1,839 per ounce. • Cryptocurrencies traded mixed, with Bitcoin changing hands at $18,375. Today's TOP TIPS A Contrarian Income Play That Offers Value Now Income investors are a shy bunch. If a company looks like it's not going to provide investors with the same (or a growing) level of income, they'll leave. When that happens, a price drop occurs, sometimes creating a value opportunity. While investors may not want to stay in a company that's cut their dividend, sometimes buying a company after it cuts its dividend makes sense. » FULL STORY Insider Trading Report: United Airlines Holdings (UAL) Michele Hooper, a director at United Airlines Holdings (UAL), recently purchased 1,900 shares. The buy increased her stake by 166 percent. The purchase price for the shares came to just over $93,000. This marks the first insider buy at the airline since mid-2019. Insiders have largely been sellers this year. That includes sales from directors and C-suite executives, even at prices as much as 43 percent lower than where shares trade today. » FULL STORY Unusual Options Activity: NIO Limited (NIO) Shares of electric vehicle play NIO Limited (NIO) have had massive returns this year. However, shares have started to slide in recent sessions. One trader sees the possibility of a further decline. That's based on the May 2021 $36 puts. Over 2,125 of the contracts traded hands, a 13-fold rise in volume from the prior open interest of 179. With shares trading near $44.50, the option would move in-the-money if shares dropped about 20 percent from their current price. » FULL STORY IN OTHER NEWS • U.S. jobless claims rise to 853,000 in the past week. • The ECB adds $600 billion in new stimulus. • Homeowner equity has risen by $1 trillion in 2020. • Airbnb prices its IPO at $68, giving the stock an initial valuation of $47 billion, and shares jump 118%. • Pinterest adds increased functions such as favorites, notes, and a toolbar to its boards. • United Airlines invests in carbon capture technology to offset emissions. • The SEC says GE misled investors before its stock collapse three years ago. • NASA and Boeing set a Starliner flight test for March 2021. • SpaceX's Starship prototype explodes on landing following its crewless test flight. • In earnings, Sumo Logic beats in its first post-IPO report. S&P 500 MOVERS TOP OXY 9.902% APA 9.854% TWTR 8.427% DVN 6.218% HOLX 6.153% BOTTOM LUMN 4.019% BWA 3.964% MLM 3.767% GM 3.511% F 3.492% Quote of the Day This recent surge suggests that claims are not just stagnating, they're actively worsening. The surge in initial claims is especially concerning when claims are still above levels near the peak of the Great Recession. - Daniel Zhao, senior economist at Glassdoor, on the recent jobless numbers and their historical context, and why the economic recovery for lower-income Americans may take some time. Sponsored Content 5-Figure Paydays Every Year? [Success Stories] For a limited time, Jim Fink is opening up access to his system that's helped a small group of investors make as much as $67,548 per year. Click HERE to find out how to get started. Not sure the best way to get started? 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