Good morning. The fee-heavy, underperforming Wall Street "pros" have one thing to say to retail..
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 30,603.92 | +0.99% | | | | S&P 3,787.26 | +0.97% | | | | NASDAQ 13,337.16 | +0.50% | | | | *As of market close | | • | Stocks rallied on Thursday, as strong earnings offset part of Wednesday's big drop. | | • | Oil declined 1 percent, closing at $52.31 per barrel. | | • | Gold declined 0.2 percent, hitting $1,845 per ounce. | | • | Cryptocurrencies rallied, with Bitcoin last trading at $31,780. | | | | | | | | | The Next Short Squeeze: A Heavily Hated Commodity? | | | | Traders looking for other short-squeeze alternatives to GameStop (GME) are turning their eyes toward silver. Why? The commodity is seeing lower annual mining production, while demand for it increases thanks to a variety of uses in electronic components. Meanwhile, big banks are able to play the silver market by selling contracts, earning a small amount on each trade, but making millions of trades. The disconnect between this paper market and the physical metals market has grown extreme.
» FULL STORY | | | | | | Insider Trading Report: Intel Corp (INTC) | | | | Robert Swan, CEO of Intel (INTC), recently picked up 27,544 shares. The buy increased his holdings by nearly 6 percent. The total cost of the buy came to just over $1.5 million. This marks the first buy at the company since October, also by Swan. Insiders have generally been steady sellers of shares over the past few years, as befits the stock-based compensation of a large company in the tech space. » FULL STORY | | | | | | Unusual Options Activity: Continental Resources (CLR) | | | | Oil and gas exploration company Continental Resources (CLR) has seen shares soar in recent sessions, and is in a general uptrend. One trader sees the move continuing over the next few weeks. That's based on the March 2021 $30 calls. With 49 days until expiration, over 7,300 contracts traded against a prior open interest of 148, for a 50-fold rise in volume on the trade. The trader paid about $1.30 for each contract.
» FULL STORY | | | | | | | TOP | | LB | 10.362% | | | AAL | 9.3% | | | ENPH | 8.223% | | | ABMD | 8.074% | | | BKNG | 7.848% | | | BOTTOM | | LUMN | 22.461% | | | MAC | 15.058% | | | M | 12.183% | | | IRM | 9.727% | | | VIAC | 9.634% | | | | | | | | | This market action is nothing more than another epic parabolic bubble that has been going on since the history of time. This is not investing. This is not planning for one's retirement with a diversified portfolio. This is not prudent analysis of stocks... And these traders forget that buying a stock is buying a piece of a company but instead they are just speculating on a stock symbol in the ultimate game of hot potato. | | - Peter Boockvar, chief investment officer at Bleakley Advisory Group, on the massive moves higher in a number of short-squeeze plays occurring in the market right now. | | |
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