💎 Diamond Hands Hold Firm on GameStop as Exchanges Ease Up

Good morning. Retail traders are still holding firm on their GameStop shares, even with the stock..

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.

Good morning. Retail traders are still holding firm on their GameStop shares, even with the stock down 80 percent from last week's dizzying highs. Dubbed "diamond hands," these holders are posting their daily swings in value— with some users gaining or losing (mostly losing this week) millions. Meanwhile, Treasury Secretary Janet Yellen will meet with regulators over the weekend regarding the move in GameStop. As Yellen has earned over $800,000 in "speaking" fees with Citadel, a company supporting hedge funds short GameStop, she has had to receive a waiver for the conflict of interest. The saga ain't over yet, and the final act may prove the most spectacular should Main Street beat Wall Street at its own game. Now here's the rest of the news: Sponsored Content 5 Tech Stocks to Buy Immediately Eric Fry, one of America's top Investment Strategists, provides his latest report 5 Top Stocks for 2021. You can't afford to miss out on the once in a decade chance to buy after the recent dip in the markets. Download this hot-off-the-presses research report now. It's yours FREE. MARKETS DOW 30,723.60 +0.12% S&P 3,830.17 +0.10% NASDAQ 13,610.54 -0.02% *As of market close • Stocks struggled to find a direction on Wednesday, ending the day nearly unchanged. • Oil rose 2 percent, closing at $55.83 per barrel. • Gold traded up $1, hitting $1,834 per ounce. Silver rose 2 percent to $26.91. • Cryptocurrencies rallied, with Bitcoin last trading at $37,043. Today's TOP TIPS Earnings Selloff Creates Opportunities in this Growing Entertainment Giant Even before the pandemic, video games were a huge business. In 2019, video game sales exceeded box office sales globally. That trend continued even higher in 2020, thanks to lockdowns and a new generation of video game consoles. The big winners in the space are often the video game design companies. Largely dominated by a few big players who keep turning out franchise titles much like a big film studio, these companies tend to see steady and growing revenues. » FULL STORY Insider Trading Report: Accuray (ARAY) Joseph Whitters, a director at Accuray (ARAY) recently picked up 20,000 shares. The buy increased his holdings by over 7 percent, and came to a total cost of just over $100,000. Whitters last bought 50,000 shares in November, at a price about 50 percent lower than where shares currently trade. Insiders have generally been sellers of shares at the company over the past three years. » FULL STORY Unusual Options Activity: Aurora Cannabis (ACB) Shares of Aurora Cannabis (ACB) have more than tripled since early November, as more states legalized marijuana, and as federal trends point towards lower enforcement, if not outright decriminalization. One trader sees a further move higher. The September 2021 $14 call option last saw a 23-fold rise in volume, going from 131 open trades to over 3,100. Expiring in 225 days, the option is the at-the-money trade, given that shares trade just under $14.00. » FULL STORY IN OTHER NEWS • Jeff Bezos Steps Down as Amazon CEO, Andy Jassy Rises to the Role While announcing earnings after the bell on Tuesday, Jeff Bezos announced that he will be stepping down as CEO of Amazon (AMZN), which he founded with a few hundred thousand dollars in the mid-1990s. Andy Jassy, an architect behind the company's growth in cloud computing and storage, will be the new leader of the firm. • Sony Can't Build the PS5 Fast Enough Japanese electronics giant Sony (SNE) crushed it on its latest earnings call, and raised its profit expectations for the year by one-third. The only issue? A shortage of semiconductors globally is making it difficult to meet demand for its latest console, the PlayStation 5. • Google Loses Money on its Cloud Business Overall, business is good at Alphabet (GOOG), the parent company of Google. But the firm's cloud division continues to weight down the company, as Google Cloud reported a $1.4 billion loss last year. However, with the company's overall revenues up 23 percent over the past year, Wall Street is willing to overlook the issue—for now. • Venture Capital Markets Likely to Accelerate Recent years have seen a surge in technology investments—and that trend isn't over yet. The rising number of unicorn companies, even as many big-name firms go public, is on the rise. Traders betting a on tech bubble collapse are unlikely to see a crash anytime soon, given the capital still rapidly flowing into startup names. • Streaming Services Had a Great Year Thanks to the Pandemic. That May Change. 2020 was supposed to be the year of the streaming wars—with intense competition for consumer dollars. Instead, all major sites saw large growth thanks to pandemic lockdowns. That may change this year, and some companies may start to see declining subscriber revenues. Investors should keep an eye out on the players, and how their numbers are faring as the year progresses. S&P 500 MOVERS TOP EOG 9.013% FANG 8.842% M 8.842% GOOG 7.396% SLB 7.419% BOTTOM CHKP 10.492% PKI 7.55% ABMD 6.213% BIIB 5.21% EA 5.471% Quote of the Day If you consider the supply of bitcoin relative … to the supply of gold in the world, and what the total value of gold is, if bitcoin were to go to those kinds of numbers, you'd be talking about $400,000 to $600,000 per bitcoin. - Scott Minerd, CIO of Guggenheim Partners, on the value of bitcoin as priced in gold, as the cryptocurrency quietly moves back higher after a short selloff. Sponsored Content 5 Tech Stocks to Buy Immediately Eric Fry, one of America's top Investment Strategists, provides his latest report 5 Top Stocks for 2021. You can't afford to miss out on the once in a decade chance to buy after the recent dip in the markets. Download this hot-off-the-presses research report now. It's yours FREE. Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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