Thursday, January 7, 2021

👉 Take This Stock Advise; The Fed Gives Stocks Permission to Party as Washington Erupts into Chaos

Good morning. Stocks touched all-time highs on Wednesday, closing off their ..
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. Stocks touched all-time highs on Wednesday, closing off their lows following Fed meeting minutes and chaos in Washington D.C. Some big-name tech stocks sold off heavily, largely on fears that a Democratic-controlled Congress might be willing to reign in some of the antitrust issues that have flared up recently. However, it's clear markets are more interested in monetary policy than in any potential political issue going on.

While that may change as some potential big votes come up in the new congressional session, it's clear that the market uptrend remains in place, and that fiscal policy will likely loosen up as much as monetary policy.


Now here's the rest of the news:

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MARKETS
DOW 30,829.40 +1.44%
S&P 3,748.14 +0.57%
NASDAQ 12,740.79 -0.61%
*As of market close
Stocks traded mixed on Wednesday, with the tech-heavy Nasdaq dropping.
Oil prices rose 0.8 percent, closing the day at $50.32 per barrel.
Gold prices declined 1.7 percent, with the metal closing at $1,921.60.
Cryptocurrencies trended higher, with Bitcoin rising to $35,400.

Today's TOP TIPS
Apple Shares Still Have the Midas Touch
Analysts are upgrading shares of Apple (AAPL) ahead of earnings. Shares of the tech play are still off the highs set back in September, but look set to continue higher.

While earnings day itself may play a wild card, so far, all the early indicators are for an earnings beat. The first hint is the company's $1.8 billion in revenue on the App Store the week of Christmas, a record for the firm.

» FULL STORY

Insider Trading Report: Bullfrog Gold Corp (BFGC)
Augusta Investments, a major holder in Bullfrog Gold Corp (BFGC), recently added 6.5 million shares to their holdings. This represents a 6 percent increase. The fund paid about $1.5 million in total to add to this position.

This marks the first insider trade in nearly two years. A company director bought 1.5 million shares of the company in early 2019, and insiders have been more active in 2018 and 2017. There have been no insider sales in the last three years.

» FULL STORY

Unusual Options Activity: Deutsche Bank (DB)
Shares of banking stocks jumped higher on Tuesday, as control of the U.S. senate looked likely to flip, indicating looser fiscal policy positions ahead. But one trader is expecting the trade to be short-lived for Deutsche Bank (DB).

That's based on the January 2023 $10 puts. With 733 days until that trade expires, over 1,420 contracts traded against a prior open interest of 122, for a 12-fold rise in volume. The trader paid $1.72 for the contract on average.

» FULL STORY

IN OTHER NEWS
No, no, this time the NYSE will delist three Chinese telecom stocks after all.
China sentences a finance executive to death for bribery.
The UK's competition and markets regulator is asking for opinions on Nvidia's takeover of Arm Holdings.
Private payrolls drop in December after seven months of growth.
Case studies on Covid-19 are making their way into MBA curriculums.
Money managers look international as the Covid-19 vaccine will likely open up travel again.
Short-sellers of Tesla Motors lost $40 billion in 2020.
Amazon pledges $2 billion for affordable housing in three employment hubs.
Facebook redesigns Pages to a more simplified layout with no "like" button.
In earnings, Cal-Maine Foods beats on a rise in egg sales.

S&P 500 MOVERS
TOP
ZION 11.236%
CNC 10.791%
M 9.833%
HBAN 9.813%
KEY 9.728%
BOTTOM
JD 7.665%
NVDA 5.895%
MELI 4.729%
BIDU 4.687%
NOW 4.647%

Quote of the Day
It's not going to be like it was in 2017 and 2018, when we didn't worry at all about catching a respiratory pathogen. We're going to worry about it, even if we're vaccinated… I just think things are going to be different, just like they're different when you go through an airport now after 9/11.
- Former Food and Drug Administration commissioner Dr. Scott Gottleib on why a return to pre-pandemic life may take longer than expected—if it completely returns at all.

Sponsored Content
2021's Hottest Electric Vehicle Stocks – Yours Free
This year could be the biggest one yet for the unstoppable electric vehicle megatrend — but if you're looking to take advantage, the time to act is now.

That's why Luke Lango has just released his picks for the 11 best EV stocks of 2021. Each one has been hand-selected for its potential to deliver life-changing profits as electric vehicles continue to disrupt the automotive industry.

Download the report HERE.


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