🤗 A $15 Minimum Wage Will be Great for These Types of Stocks

Good morning. Joe Biden didn't offer too many surprises when he listed his economic proposals.

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. Joe Biden didn't offer too many surprises when he listed his economic proposals. He did, however, suggest raising the minimum wage to $15 an hour. At the Federal level, the minimum is $7.25, so if passed, the rate would more than double. (States are free to set their own higher minimum wage.) That's good news—for companies working on automation. And for anyone who prefers self-checkout at stores rather than having to interact with a cashier. However, higher wages will hurt smaller mom and pop stores (at least the ones that survived the lockdowns), which rely on low-wage labor and can't afford to invest in automation. For large corporations, an investment in automation and robotics will offset the remaining employees that have to pay a higher wage. So it's good news for the stock market, but it's best for tech names that can profit from removing a human being from the equation as much as possible. Now here's the rest of the news: Sponsored Content The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. Watch his 32-second options trading "training video" HERE. MARKETS DOW 30,814.26 -0.57% S&P 3,768.25 -0.72% NASDAQ 12,998.50 -0.87% *As of market close • Stocks traded slightly down on Friday, on unimpressive retail sales numbers. • Oil prices dropped 2.7 percent, closing the day at $52.11 per barrel. • Gold declined 1.3 percent, with the metal closing at $1,826. • Cryptocurrencies generally dropped, with Bitcoin sliding 6 percent to $35,587. Today's TOP TIPS A Vaccine Play in an Overlooked Tech/Industrial Play Creating a vaccine in under a year is a tremendous achievement. The next difficult step? Making sure it gets out where it needs to go in a timely manner. So far, the rollout has some hitches. Vaccines sit on shelves. Some need refrigeration and have a short lifespan to be used. Potential wastage is high. That's where company with expertise in organizing a global supply chain can help. » FULL STORY Insider Trading Report: Palantir Technologies (PLTR) Ark Invest ETF, the top-performing tech fund of the past year, recently released its latest holdings. The fund picked up 497,100 shares of Palantir Technologies (PLTR), increasing its stake to 1.93 million shares. The ETF has picked up a number of interested traders and investors, given the fund's incredible performance in 2020, led by the fund's largest holdings in companies such as Tesla Motors (TSLA) and Grayscale Bitcoin Trust (GBTC). » FULL STORY Unusual Options Activity: Bank of America (BAC) Shares of Bank of America (BAC) had a relatively slow day, as other large banks reported their earnings. But at least one trader sees shares heading higher when BAC reports earnings next week. That's based on the February 5th $37.50 calls. With share around $33, it would require shares to pop nearly 10 percent to move in-the-money. But the trader paid just 13 cents on average for the trade, so it could be good for a big rally, even if it ends up worthless at expiration. » FULL STORY IN OTHER NEWS • Retail sales decline for a third straight month. • Despite the decline, holiday sales were up 8.3 percent over 2019's numbers. • Video game spending rose 27 percent in 2020. • The SEC probes ExxonMobil over valuations in the Permian Basin. • General Motors considers adding a crossover or SUV to its Corvette lineup. • Petco completes its initial public offering for the third time following a privatization in 2016. • Oneweb raises $1.4 billion for its satellite fleet. • In earnings, JPMorgan Chase beats on higher trading revenue. • Citigroup beats, and plans on resuming its share buyback program. • Wells Fargo misses on revenue expectations. S&P 500 MOVERS TOP NI 4.895% ABMD 3.575% AKAM 3.5% CNP 2.926% LNT 2.87% BOTTOM EMPH 8.734% WFC 7.799% OXY 7.632% C 6.927% M 6.133% Quote of the Day Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. - Matthew Shay, president and CEO of the National Retail Federation, on the rising retail sales over the holidays, but overall lower spending trend of the past few months. Sponsored Content The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. Watch his 32-second options trading "training video" HERE. Not sure the best way to get started? 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