👀 The Stimulus Shuffle Continues

Good morning. After months of cobbling together a stimulus package, the final deal came in with a..

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. After months of cobbling together a stimulus package, the final deal came in with a lot of old-fashioned Washington pork-barrel spending, including billions of dollars for other countries. While a handful criticized the bill, most politicians voted for it, figuring that something was better than nothing. Yet President Trump surprised by saying he would veto the bill, arguing for direct stimulus of $2,000 rather than $600 per American. So far, that latest move hasn't moved markets too much, showing that the holiday season can even override the stimulus news cycle. Now here's the rest of the news: Sponsored Content 2 Strategies for the Coming Bear Market Tom Busby and his team at DTI just put together a brand new eBook revealing: The 2 Strategies for the Coming Bear Market Inside, you'll learn the specific strategies the DTI team uses when the market turns bearish. As a bonus: You'll also get to hear a critical market briefing from Tom Busby himself where he discusses 5 Phases of a Market Meltdown and how to capitalize on each phase. Click HERE and Get Your Copy Now. (By clicking the link above you will automatically opt-in to receive emails from DTI Trader.) MARKETS DOW 30,129.83 +0.38% S&P 3,690.01 +0.07% NASDAQ 12,771.11 -0.29% *As of market close • Stocks traded mixed on Wednesday, shrugging off the stimulus package veto. • Oil rallied 2.3 percent, closing at $48.09 per barrel. • Gold rose 0.3 percent, ending at $1,875 per ounce. • Cryptocurrencies generally declined, with Bitcoin last trading at $23,446. Today's TOP TIPS This Manufacturing Giant is Becoming a Stealthy Tech Play The days of physical manufacturing are far from over. But companies still in the space can embrace new technologies to produce better goods in less time and with lower expense. They can also use technology to add new lines of business that increase the bottom line without adding heavy fixed costs. That's the case with a number of firms. But a surprising name has tilted heavily towards technology recently, and a new acquisition in artificial intelligence moves the needle even further. » FULL STORY Insider Trading Report: GameStop (GME) Ryan Cohen, a major shareholder at GameStop (GME), recently bought 1,226,400 shares. That increased his stake by nearly 16 percent. The total price of the buy came to just over $19 million. This marks the first insider buy at the company since April, when the company's CEO and CFO both bought shares when they were under $5. One director at the company sold shares in April as well. » FULL STORY Unusual Options Activity: AT&T (T) Shares of telecom and media play AT&T (T) have been volatile in recent sessions. Shares rallied over 10 percent in November, then gave up most of those gains in December. But one trader sees the pullback as the start of a new possible rally. That's based on the action in the January 2021 $28.50 calls. The just in-the-money options expire in 22 days. Over 675 of the contracts traded against a prior open interest of 104, for a 6-fold gain in volume. » FULL STORY IN OTHER NEWS • Pharmacists report a hiring frenzy as Covid-19 vaccines roll out. • The latest stimulus bill won't extend payment pauses for student loans. • But it will expand a deduction for business lunches (good luck with all the closed restaurants). • Digital shopping has dominated the holiday season. • Alaska Airlines agrees to buy 68 737 Max 9 planes. • In tech, Google and Facebook agreed to team up against possible antitrust action. • Peloton shells out $420 million to acquire Precor. • Goldman Sachs is testing an automated investment service. • The number of unicorn companies grow as deals mark the end of 2020. • In earnings, CarMax beats on higher car sales. S&P 500 MOVERS TOP M 9.872% FANG 8.513% MRO 7.924% DISH 7.237% FLIR 6.602% BOTTOM ZM 6.142% IFF 3.854% ETSY 3.653% MELI 3.601% WDAY 3.473% Quote of the Day The short-term nature of this relief underscores the need for a further relief package in the new Congress, since it is clearly not enough to sustain either the unemployed or small businesses until the pandemic winds down. The lack of further relief for state and local governments increases the likelihood of further layoffs in this sector in the months ahead. - David Kelly, chief global strategist at JPMorgan Funds, on where the $900 billion stimulus bill falls short, and where Congress is likely to go with further bills in 2021. Sponsored Content 2 Strategies for the Coming Bear Market Tom Busby and his team at DTI just put together a brand new eBook revealing: The 2 Strategies for the Coming Bear Market Inside, you'll learn the specific strategies the DTI team uses when the market turns bearish. As a bonus: You'll also get to hear a critical market briefing from Tom Busby himself where he discusses 5 Phases of a Market Meltdown and how to capitalize on each phase. Click HERE and Get Your Copy Now. (By clicking the link above you will automatically opt-in to receive emails from DTI Trader.) Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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