Good morning. Unemployment fell to 6.7 percent in November. That's good. But the rate of job..
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 29,883.79 | +0.20% | | | | S&P 3,699.13 | +0.88% | | | | NASDAQ 12,464.23 | +0.70% | | | | *As of market close | | • | Stocks rallied into the weekend, with the Dow closing over 30,000. | | • | Oil prices rose 0.8 percent, hitting $46.01 per barrel. | | • | Gold traded flat, ending at $1,840 per ounce. | | • | Cryptocurrencies slightly dipped, with Bitcoin changing hands at $19,949. | | | | | | | | Gold's Pullback May Give Way to a New Rally in 2021 | | | | Gold prices jumped in 2020. For most of the year, the metal has outperformed the stock market. Since the start of October, gold prices have been trending down from their highs, but are starting to see some resistance to that drop. It's likely that gold prices will continue their long-term uptrend into 2021, and with talk of more stimulus fueling fears of inflation and out-of-control government spending, traders may want to start placing their bets now for the next upswing in gold.
» FULL STORY | | | | | | Insider Trading Report: Hormel Foods Corp (HRL) | | | | Steven Lykken, a Senior Vice President at Hormel Foods Corp (HRL), recently bought 6,873 shares. The buy increased his stake by over 25 percent, and came to a total cost of $322,000. This is the second buy from insiders in as many months, following a small sale by a Group Vice President in November. Generally, insiders have been nearly exclusively sellers of shares over the past three years. » FULL STORY | | | | | | Unusual Options Activity: Micron Technology (MU) | | | | Shares of semiconductor giant Micron Technology (MU) have been soaring higher in recent weeks. Traders expect the trend to continue. The April 2021 $77.50 call option just saw over 8,450 contracts trade, against a prior open interest of 196. That's a 43-fold rise in volume. The trader is betting that shares will rally another $4 from their current price near $73.50 in the next 130 days. The trader paid about $6.75 for the options.
» FULL STORY | | | | | | | TOP | | OXY | 13.423% | | | FANG | 12.67% | | | MRO | 10.622% | | | A[A | 10.48% | | | EOG | 10.027% | | | BOTTOM | | ULTA | 3.45% | | | D | 3.214% | | | MKTX | 2.962% | | | SRE | 2.909% | | | PHM | 2.571% | | | | | | | | | This jobs report is blaring warning that a double-dip recession is looming and must be a wakeup call for anyone who is standing in the way of true bipartisan emergency relief. | | - Senate Minority Leader Charles Schumer, on the need for further stimulus measures given the slowing pace of job growth. | | |
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