Good morning. After the extreme volatility of 2020—or just last week—having a quiet day in the..
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.
| You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here. | | | | |
| | | | DOW 31,068.69 | +0.19% | | | | S&P 3,801.19 | +0.04% | | | | NASDAQ 13,072.43 | +0.28% | | | | *As of market close | | • | Stocks traded higher on Tuesday, as a recent rally in the dollar fell apart. | | • | Gold rose 0.3 percent, with the metal closing at $1,855. | | • | Oil prices rallied 1.7 percent, closing the day at $53.16 per barrel. | | • | Cryptocurrencies traded mixed, with Bitcoin last at $34,297. | | | | | | | | | Big Bank Earnings Season is Here, and Traders are Betting the Party Isn't Over | | | | Bank stocks and financials in general slumped more than the average stock during the market selloff. A decline in economic activity means fewer new loans being made, and old loans face a rising risk of default of some sort. However, with the economy opening again and with interest rates low, investors see further profits in the banking sector. With the space starting to announce earnings next week, further bullish bets are being made.
» FULL STORY | | | | | | Insider Trading Report: Conagra Brands (CAG) | | | | Richard Lenny, a director at Conagra Brands (CAG), recently picked up 10,000 shares. The buy increased his stake by just over 10 percent, and came to a total cost of $337,000. This marks the first insider buy at the company in a year. Insiders have generally been sellers of shares, mostly at the C-suite level. The company's general counsel has been the most active seller of shares here. » FULL STORY | | | | | | Unusual Options Activity: General Motors (GM) | | | | Shares of vehicle manufacturer General Motors (GM) surged higher on Tuesday following the announcement of electric delivery vehicles. At least one trader sees shares moving higher. That's based on the January 29th $55 calls. With 16 days until expiration and with shares at $48, the trader is betting on shares moving 10 percent higher this month on the news. Over 13,150 contracts traded against a prior open interest of 205, for a 64-fold increase in volume on the trade.
» FULL STORY | | | | | | | TOP | | OXY | 12.649% | | | ETSY | 12.079% | | | APA | 11.225% | | | MRO | 9.817% | | | BIDU | 9.064% | | | BOTTOM | | PKI | 4.565% | | | STE | 4.19% | | | SO | 3.905% | | | LLY | 3.84% | | | TTWO | 3.578% | | | | | | | | | In light of the pandemic, digital has become the primary way for people to connect, work, be entertained and shop. Now, as Covid-19 cases continue to rise and more stringent lock-down measures return, online spending is expected to stay elevated, at least for the early part of 2021. | | - Taylor Schreiner, director of Adobe Digital Insights, on why digital spending trends are likely to continue to move higher in 2021, albeit at a slower rate. | | |
No comments:
Post a Comment