😜 Bad News Is Still Good News for Stocks

Good morning. Investing isn't just about valuations and how a company is performing. It also..

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. Investing isn't just about valuations and how a company is performing. It also involves second-level thinking, particularly about how others think about the market. That can lead to some counter-intuitive observations. For instance, bad news is typically good news for stocks. Why? Bad news increases the likelihood of further monetary and fiscal stimulus. While that may be dangerous in the long-term, the market tends not to think that far ahead. Case in point? The latest jobless claims. Reaching a pandemic low, and well below expectations, the market took a steep dive in early trading on Thursday. With polices still in place to prop up the economy however, stocks were able to claw their way back to breakeven by early afternoon. Have you observed any counter-intuitive situations like this when investing? Hit reply and share your stories. Now here's the rest of the news: Sponsored Content ["Live Demo"] How to Trade Options in 30 Seconds... I retired at 42 by trading options. My method is different. Unlike anything you've probably ever seen before. For the first time, I put together a 30-second "live demo" to show you how it works. Click HERE to learn more. MARKETS DOW 32,620.87 +0.62% S&P 3,909.73 +0.53% NASDAQ 12,977.68 +0.12% *As of market close • Stocks closed higher on Thursday, with all major indices shaking off morning losses. • Oil prices dropped 4.4 percent, last trading at $58.50. • Gold declined 0.4 percent, changing hands at $1,726 per ounce. • Cryptocurrencies continued lower, with Bitcoin last at $52,388. Today's TOP TIPS This Subset of the Tech Space Continues to Point to Higher Profits Software companies can offer tremendous profit potential to investors, even with recent stock market volatility. But elsewhere in the tech space, a few other niches also offer big profits now—and companies are growing hand over fist. One such area is with cybersecurity. The combination of security and software is a particularly potent space, and looks like an attractive space to buy in as tech stocks remain out of favor. » FULL STORY Insider Trading Report: Veritiv Corp (VRTV) Stephen Macadam, a director at Veritiv Corp (VRTV), recently bought 5,000 shares. The buy increased his stake by over 37 percent, and came to a total purchase price of just under $198,000. This marks the first insider transaction of 2021. Company C-suite executives were generally buyers during last year's market selloff, although a major holder made a large sale in late November. Overall, company insiders own about 3 percent of the company. » FULL STORY Unusual Options Activity: Etsy (ETSY) Shares of crafting e-commerce platform Etsy (ETSY) have performed strongly in the past few months. With shares now down to around $200 from a recent high of $250, one trader sees a big move higher. That's based on the May $250 calls. Expiring in 56 days, the option is a bet on a return to all-time highs in a short amount of time. 5,480 contracts traded against a prior open interest of 120, for a 46-fold rise in volume. » FULL STORY IN OTHER NEWS • Jobless Claims Hit Pandemic Low Weekly jobless claims came in at 684,000 last week, well under expectations in the 730,000 range. That's the lowest level since the pandemic started, and is playing out as vaccinations continue to roll out and lockdowns are ending. While still high, reopening businesses points to further job creation in the months ahead. • Big Tech CEOs Get Grilled on Disinformation CEOs such as Facebook's (FB) Mark Zuckerberg and Twitter's (TWTR) Jack Dorsey appeared before Congress yesterday. The meeting involved disinformation via social media in the past election, and potential regulatory reforms to Section 230 that could impact how these companies operate going forward. • H&R Block to Move Beyond Taxes Citing the rise of competitors and do-it-yourself software, H&R Block (HRB) is looking to expand its business beyond personal tax returns. The move would allow the company to not only diversify, but do something to improve its poor share performance over the past few years. Additional financial services could do much to add to the company's bottom line than providing annual tax return preparation. • Rental Car Prices Soar on Demand A combination of post-pandemic travel surge, as well as a shortage of chips for automakers has led to a tight market for rental cars. In some markets, where cars are available, they're going for as high as $300 per day. That's a massive shift from last year, when a number of car rental agencies were looking to downsize their fleets in response to the collapse in demand. • Cathie Wood Praises Retail Investors While some big-name investors have had some choice words for retail investors this year, Ark Invest's Cathie Wood is a defender. Citing their open-mindedness and willingness to embrace disruptive innovation, she sees the rise of retail investors having power over bigger market players as a way to improve how trading and investing is done. S&P 500 MOVERS TOP TRIP 11.109% DRI 8.191% M 7.667% EXPE 5.128% GPS 5.007% BOTTOM BIDU 14.474% DISCA 6.765% DISCK 6.417% VIAC 5.35% CBOE 3.988% Quote of the Day The recovery is really hitting full steam again, and all of the conditions will be in place for a real, explosive liftoff in the summer when hopefully we've reached a higher vaccination threshold. - Julia Pollak, labor economist at ZipRecruiter, on why the economy is likely to see massive expansion in the second half of the year, which should also support the stock market in the short-term. Sponsored Content ["Live Demo"] How to Trade Options in 30 Seconds... I retired at 42 by trading options. My method is different. Unlike anything you've probably ever seen before. For the first time, I put together a 30-second "live demo" to show you how it works. Click HERE to learn more. Not sure the best way to get started? 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