Good morning. This week marks a large number of corporate earnings. Giants such as Intel..
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 30,814.26 | -0.57% | | | | S&P 3,768.25 | -0.72% | | | | NASDAQ 12,998.50 | -0.87% | | | | *U.S. stocks were closed on Monday, in honor of Dr. Martin Luther King Jr. | | | | | | |
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The Affluent Play for This Trending Market Could be the Biggest Winner | |
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While the pandemic created a number of unexpected challenges, it's created a number of opportunities as well. Slashing interest rates to zero has led to an explosion in a number of areas, most notably real estate. While some markets are struggling, overall, housing prices are on the rise, and look set to continue to do so. Within that trend, an exodus of population from densely-populated cities to the suburbs is likely to increase demand for higher-end luxury-home building as well.
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| Insider Trading Report: Century Bancorp (CNBKA) | |
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James Filler, a major owner at Century Bancorp (CNBKA), recently added 1,509 shares to his holdings. The buy came to just over $118,000, and increased his total holdings by 0.18 percent. This follows off a few smaller buys from company officers since the start of the year. Filler was a heavy buyer in 2020 as well. Overall, insiders are steady buyers, and also own over 27 percent of shares. » FULL STORY |
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| Unusual Options Activity: Enphase Energy (ENPH) | |
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Shares of Enphase Energy (ENPH) have tripled since August. At least one trader sees room for shares to nearly double again in the coming months. That's based on the May 21st $320 calls. Over 7,690 contracts traded against a prior open interest of 111, for a 69-fold gain in volume. Expiring in 122 days, shares would need to rise 67 percent from their current price near $190 to move in-the-money.
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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% | | | |
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There is a broader recognition of an economy that is improving and signs that the factors are in place for the market to move higher. |
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- Mike Loewengart, chief investment officer at E-Trade, on why investors are optimistic on the stock market, albeit a bit cautious following its strong rally. |
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