💸 GameStop Squeeze Hits Round 2?

Good morning. On Wednesday, shares of retail trader favorite GameStop (GME) managed to jump..

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. On Wednesday, shares of retail trader favorite GameStop (GME) managed to jump triple-digits higher. And the trend continued with a 19 percent rally on Thursday, even as both days saw halts in trading for the stock. Some are pointing out that shares never really got back under $40, and that those with short positions hoping to outwait retail traders have been unable to wait, potentially pushing shares higher. The move in GME led to other retail names seeing some tremendous volatility both up and down. Once again, it appears that funds short GameStop may have to liquidate other positions, which may explain some of the market's recent volatility. Are you currently playing any of the WallStreetBets names in the market? Hit "Reply" to this email and let us know what you think! Now here's the rest of the news: Sponsored Content "Tesla Killer" Stock Set to Skyrocket 1,000 Times Over My friends complain all the time about charging their Teslas. It takes hours. Imagine their surprise when I told them about a brand-new green technology that charges in less than five minutes!  It lasts hundreds of miles longer, is cheaper than batteries and can charge forever. And best of all, the tiny little-known stock behind it trades for only a few bucks. Click HERE for the full story. MARKETS DOW 31,400.50 -1.76% S&P 3,829.22 -2.45% NASDAQ 13,119.43 -3.52% *As of market close • All major indices saw massive losses, and closed near the lows of the day. • Oil prices rose 0.3 percent, closing the day at $63.39. • Gold declined 1.5 percent with the metal trading at $1,771 per ounce. • Cryptocurrencies traded flat, with Bitcoin last at $49,163. Today's TOP TIPS This Energy Tech Play is Getting Crushed After Earnings, But Will Likely Bounce Back Earnings season continues to offer traders a number of new buying opportunities in great names. That's even the case when a company declines due to technical reasons rather than fundamental ones. Take the case of Plug Power (PLUG). The company sold off following an earnings miss. The miss occurred as the company recognized charges from the vesting of warrants. The warrants vested faster than expected in part due to the rising stock price. » FULL STORY Insider Trading Report: Software Acquisition Group II (SAII) Mithaq Capital, a major holder in Software Acquisition Group II (SAII), recently added to their stake with a 1.56 million share buy. The buy increased their holdings by 26 percent, and came to a total price of $17.2 million. This follows on a buy from the day before of 658,000 shares totaling just over $7.5 million. Those are the sole insider buys since the firm went public. SAII is a SPAC, or special purpose acquisition company. » FULL STORY Unusual Options Activity: Geo Group (GEO) For-profit prison company Geo Group (GEO) has seen shares trend down in recent weeks. The Biden administration is looking to get out of for-profit prison contracts, suggesting weakness ahead. But one trader sees a bounce first, if not a reversal higher. That's based on the April $9 calls. With 49 days until expiration and shares just under $8, the stock price would need to move about 12 percent higher for the trade to move in-the-money. » FULL STORY IN OTHER NEWS • 10 Year Treasury Yields Hit One Year High Rising to 1.49 percent, 10-year Treasury yields now sit at a one-year high. The move occurs as the government continues to go into debt at a faster rate than central banks can buy it up. Private sector buyers are holding out for higher yields, given possible inflation fears, and this rate now puts the 10-year on par with the dividend yield from the S&P 500 Index. • Unemployment Claims Drop to 730,000 Initial unemployment claims have dropped to 730,000, the lowest level since November. It's an 111,000 drop from the prior week. Some economists warn that extreme winter weather and some states adjusting for fraudulent filings may be impacting the numbers. The data is still clear that the labor market has a long way to go to recovery. • Coinbase Files S-1 in Preparation for IPO Coinbase is closer to making its initial public offering. The company has shown that it is on a major growth trajectory, with $1.2 billion in revenue in 2020 and positive net income. That's more than double the $0.5 billion in revenue in 2019, and the net loss reported that year. With an expected valuation near $100 billion, this is set to be one of the highest-valued companies going public this year. • Costco Raises Wages to $16 Per Hour, Topping Rivals Costco (COST) announced its starting hourly rate for employees would rise to $16 per hour, putting it ahead of other big-box and online retailers. Approximately 90 percent of the company's 180,000 employees work hourly, and Costco estimates that only about 20 percent of its employees make that minimum wage. More importantly, the company's hot dog and soda combo has remained at $1.50 since 1985. • Oil Producers Look Towards Production Increases Rising oil prices make it tempting for oil producers to make more, whether the producer is a company or an oil-rich nation. OPEC members and Russia are looking to meet early in March to balance rising oil prices with a potential rise in oil production, which could cause prices to head back down again. S&P 500 MOVERS TOP PWR 4.289% TWTR 3.713% M 2.745% CBOE 2.554% SBAC 2.399% BOTTOM NTAP 14.475% ANSS 12.173% TRIP 12.147% BBY 9.272% LRCX 8.251% Quote of the Day To be sure, if bond yields continue to rise and there is a smooth rotation out of growth and defensive stocks into value and cyclical stocks, the Fed will remain sanguine. But the risk is growing that with so many bubbles blown by the Fed something will burst soon. - Albert Edwards of Societe Generale, on why rising bond yields could lead to a simple market rotation that still allows the overall market to head higher. Or, in a worst-case scenario, rising bond yields could end up bursting the recovery in stocks in the past year. Sponsored Content The "Tesla Killer" Is Here...It May Have Just Made All Electric Cars Obsolete. It takes moments to charge. It's 100% emission-free. It costs next to nothing. And it involves no fossil fuels. That's why Bloomberg projects it to "skyrocket 1,000 times over." And best of all… The tiny, little-known stock behind the "Tesla Killer" trades for just a few bucks. Don't wait another moment. It's set to trade higher than Tesla within the next few months. Right now you can lock in shares for a few dollars... instead of more than $400 like Tesla. Click HERE for the full story. Not sure the best way to get started? 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