Good morning. The stock market is easily hung up on several newsworthy, but not necessarily..
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 29,823.92 | +0.63% | | | | S&P 3,662.45 | +1.13% | | | | NASDAQ 12,355.11 | +1.28% | | | | *As of market close | | • | Stocks rose on the first day of December, continuing their overall gains from November. | | • | Oil prices slid 1.7 percent, closing at $44.59 per barrel. | | • | Gold rallied 2.1 percent, closing at $1,818 per ounce. | | • | Cryptocurrencies had a down day, with Bitcoin dropping to $18,996. | | | | | | | | Strong Earnings Suggests Buying this Top Tech Play of 2020 | | | | Earnings season can be full of surprises. A company can miss on earnings, but still do better than expected. As a result, shares may end up rallying! The opposite is quite common too. A company can report fantastic earnings and growth, yet not meet expectations. That tends to result in a selloff in shares. In that case, however, there's a buying opportunity as the company is clearly growing over time.
» FULL STORY | | | | | | Insider Trading Report: FreightCar America (RAIL) | | | | James Meyer, President and CEO of FreightCar America (RAIL), recently added 27,500 shares. The buy increased his holdings by nearly 15 percent, and came to a total cost of just over $58,000. The buy follows on a 5,500 share buy from a director just two days before. Insiders have been buyers of shares over the past three years with no sales. The last insider buys before these two occurred in early 2019, at prices as much as 55 percent higher. » FULL STORY | | | | | | Unusual Options Activity: Vale (VALE) | | | | International mining giant Vale (VALE) has fared well this year as a recovering global economy has increased demand for raw commodities. One trader sees this playing out even further. The March 2021 $18 calls just saw 17,700 contracts trade against a prior open interest of 788, for a 22-fold rise in volume. The trade, expiring in 107 days, is that shares will move nearly $3 per share higher, or about 17 percent. The trader paid about $0.51.
» FULL STORY | | | | | | | TOP | | TRIP | 5.709% | | | LNC | 5.676% | | | FLIR | 5.57% | | | WDC | 5.325% | | | DFS | 5.225% | | | BOTTOM | | ZM | 15.062% | | | INFO | 5.892% | | | SPGI | 4.963% | | | APA | 4.034% | | | OXY | 3.998% | | | | | | | | | The rise in new COVID-19 cases, both here and abroad, is concerning and could prove challenging for the next few months. A full economic recovery is unlikely until people are confident that it is safe to reengage in a broad range of activities. | | - Federal Reserve Chairman Jerome Powell, warning that the economic recovery remains uncertain and that a full recovery will take longer than the mass delivery of a Covid vaccine. | | |
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