Good morning. In an ideal world, politics and investing would be two circles in a Venn diagram..
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. In an ideal world, politics and investing would be two circles in a Venn diagram that never touched. Unfortunately, that's not the case. The latest victim of politics? Social media companies, although the wound is self-inflicted. Starting with Twitter on Friday, the de-platforming of President Donald Trump has occurred with a rapid speed over the weekend including sites such as Instagram and Facebook as well.
For years, social media companies stated that they merely provided a platform, and that any speech on there was simply something outside their control, citing the First Amendment right of users. That is clearly no longer the case. Given the big drop in shares of Twitter following the news, it's just possible that big tech may have also made a martyr out of Trump, whose term of office is up next Wednesday. The loss of the President and, likely his followers, may impact the earnings of social media companies for years to come… and that may weight on markets.
Now here's the rest of the news:
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| | |  | DOW 31,008.69 | -0.29% | | | | S&P 3,799.61 | -0.66% | | | | NASDAQ 13,036.43 | -1.25% | | | | | *As of market close | | | • | Stocks closed lower on Monday, as big tech's de-platforming added uncertainty to markets. | | | • | Gold rose 0.6 percent, with the metal closing at $1,846. | | | • | Oil prices declined 0.2 percent, closing the day at $52.12 per barrel. | | | • | Cryptocurrencies briefly hit bear market territory, with Bitcoin dropping to $33,382. | | | | | | |
| | | ESG Is Here to Stay—And Even Big Cap Companies Know It | | | | Environmental, social, and governance issues, or ESG, has become a popular trend in investing. A great company can balance those needs while still providing sustainable long-term growth that rewards shareholders.
Even some bigger players have made major strides along the way, including those often considered a threat to the environment or social issues. One surprising play is a name we've seen before—and a stock that's still an attractive buy today.
» FULL STORY | | | | |
| | Insider Trading Report: The Howard Hughes Group (HHC) | | | | Pershing Square Capital Management, a major holder and director at The Howard Hughes Group (HHC) recently made an addition to its stake with a 2,516,846 share buy. The total price tag came to just under $200 million, and increased the fund's holdings by nearly 23 percent.
This follows up on the fund's initial 10 million share buy back in March. Shares are up 62 percent since then.
» FULL STORY | | | | |
| | Unusual Options Activity: Peloton Interactive (PTON) | | | | Shares of exercise equipment company Peloton Interactive (PTON) have been a top performer in the past year. At least one trader sees that trend continuing in the first half of 2021 as well.
That's based on the June $165 calls. Expiring in 157 days, over 4,880 contracts traded against an open interest of 181, a 27-fold rise in volume. The trader paid about $24.65 for the calls, which are about 5 percent out-of-the-money.
» FULL STORY | | | | |
| | | | TOP | | | LLY | 11.736% | | | | BIIB | 5.932% | | | | WBA | 5.508% | | | | GM | 4.529% | | | | GPS | 4.529% | | | | BOTTOM | | | BMRN | 9.593% | | | | BIDU | 8.616% | | | | TSLA | 7.821% | | | | TWTR | 6.41% | | | | NTES | 4.687% | | | | |
| | |  | | When you listen to the speaker of the House on '60 Minutes' …basically just saying the president is the most dangerous man, you got a week of danger and the markets don't like it. | | - CNBC analyst Jim Cramer on the likelihood of higher market volatility until the inauguration next Wednesday.  | |
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