👌 The Biden Administration Hits the Right Tone

Good morning. Markets were cautiously up on strong earnings already, but continued to trend higher..

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. Markets were cautiously up on strong earnings already, but continued to trend higher following the inauguration of President Biden. His inaugural speech set a positive tone, but also one that recognized existing challenges. Overall, and most importantly for investors, it didn't say anything to spook markets. So now what? That's the real question. Election uncertainty is gone. Political chaos in Washington D.C. has been quelled. The pandemic numbers are stable or dropping except in a few areas, and numerous vaccines are already being rolled out. The resolution of these issues should be good for markets—but they're already at all time highs. Traders should expect the market to keep trending higher, but also look out for new dangers that will likely lead to the next wave of volatility in stocks. 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 31,188.38 +0.83% S&P 3,851.85 +1.39% NASDAQ 13,457.25 +1.97% *As of market close • Stocks rose higher on Wednesday, with traders largely watching the Presidential inauguration. • Oil climbed 0.6 percent, closing at $53.28 per barrel. • Gold prices rallied 1.6 percent, hitting $1,869 per ounce. • Cryptocurrencies generally traded flat, with Bitcoin last going for $35,029. Today's TOP TIPS The Covid Crisis Has Created Pockets of Value in the Biotech Space Healthcare companies have seen renewed interest in the past year due to the Covid pandemic. But as capital flooded into the space, some companies fared better than others. Those best prepared for developing a vaccine for Covid have had excellent returns, while companies working on other pressing healthcare issues have struggled. A number of firms working on prospective drugs and treatments look set to have an excellent year as Covid recedes. That could offer traders market-beating opportunities. » FULL STORY Insider Trading Report: Owens & Minor (OMI) Robert Henkel, a director at Owens & Minor (OMI), recently added 1,000 shares to his holdings. The buy increased his stake by 5 percent, and came to a cost just over $27,000. Over the past year, company directors have been buyers of shares, picking up over 100,000 shares by a number of directors. One company Vice President has been a seller of shares in the past year, at a lower price than where shares trade today. » FULL STORY Unusual Options Activity: Verizon (VZ) Shares of telecom company Verizon (VZ) have been in a downtrend in recent weeks. However, one trader sees shares bouncing higher in the next month. That's based on the February $57 calls. Over 21,050 contracts traded, a 152-fold rise in volume from the prior open interest of 138. With 29 days to expire, the trade is right at-the-money, as shares recently dipped under $57. The option buyer paid $1.24 on average. » FULL STORY IN OTHER NEWS • Alibaba shares rally as billionaire Jack Ma makes his first appearance in three months. • Global shipping rates, as measured by the Baltic Dry Index, have nearly tripled since last year. • Rising lumber and land prices lead to a drop in homebuilder confidence. • Biden looks to extend a ban on evictions and foreclosures. • Central bank bond buying is holding up the commercial real estate market. • Theater chain AMC Entertainment Holdings gets a $100 million cash infusion. • SpaceX delivers another 60 Starlink satellites. • In earnings, Morgan Stanley beats expectations on higher trading income. • Netflix beats earnings, hits 200 million subscribers, and announces a possible share buyback. • Procter & Gamble sees an 8 percent rise in sales, and raises its full-year forecast. S&P 500 MOVERS TOP NFLX 16.854% F 8.383% IVZ 6.519% PHM 6.09% LEN 5.483% BOTTOM BK 7.268% USB 5.18% LYV 3.671% FTI 3.584% MAC 3.498% Quote of the Day We're off to a pretty solid start to earnings season. What's more encouraging is the positive guidance companies are projecting. So despite some inevitable bumps in the road, traders and corporate America alike are starting to see the light at the end of the tunnel. - Chris Larkin, managing director of trading and investing at E-Trade Financial, on why the stock market has been off to a strong start this year, and why the trend is likely to continue. 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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