Good morning. The third Friday of the month for every quarter of the year sparks an event known..
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.
| | Stock Options Are DEAD! "Penny Trades" Have WON… | | | | | Forget options! Because there's a NEW way to trade. - It can pay far more than stocks…
- Trades can cost as little as 1¢…
- These special trades can multiply as much as 529 times…
- Warren Buffett made $12 billion with the idea behind this technique…
- These trades can shoot up lightning fast — sometimes in weeks or even days…
One of these odd trades even shot up 183% in one day! Our readers saw the chance at gains as high as an extraordinary 5,100% with one 19¢ trade. I repeat — this is NOT options trading. Here's the full scoop on this weird way to trade. | | | | | | DOW 32,629.97 | -0.71% | | | | S&P 3,913.10 | -0.06% | | | | NASDAQ 13,215.24 | +0.76% | | | | *As of market close | | • | Stocks traded mixed on Friday, with tech enjoying a modest rally. | | • | Oil moved higher by 2.4 percent, last trading at $61.46. | | • | Gold rose 0.5 percent, changing hands at $1,742 per ounce. | | • | Cryptocurrencies slightly rose, with Bitcoin last at $58,968. | | | | | | | | | | Accounting Issues? No Problem for this Beloved Power Company | | | | Shares of Plug Power (PLUG) took a steep dive last week, as the company announced it needed to restate some of its prior years of accounting. However, that hasn't stopped analysts from looking beyond the short-term fears. They continue to see long-term opportunity. In fact, one analyst from B. Riley cites the old mantra of buying "when there's blood in the streets," even though shares only pulled back about 8 percent on the news.
» FULL STORY | | | | | | Insider Trading Report: Abercrombie & Fitch (ANF) | | | | Suzanne Coulter, a director at Abercrombie & Fitch (ANF) recently started a stake at the company with 2,170 shares. The total cost of the share buy came to just over $75,000. This marks the first buy from insiders since March 2020. Overall, insider sales have beaten out buyers over the past three years, but there was a large sale by a company insider back in January. Shares have since risen by 43 percent. » FULL STORY | | | | | | Unusual Options Activity: PagSeguro Digital (PAGS) | | | | Brazilian financial software company PagSeguro Digital (PAGS) has been active this year. Shares started the year with a selloff, then a rally, then another selloff. One trader sees the current selloff ending with a rally ahead. That's based on multiple call options with unusual activity. The September $55 call, however, had the most activity. Over 18,660 contracts traded, an 83-fold rise in volume to the open interest of 224.
» FULL STORY | | | | | | • | Fed Ends SLR Relief for Banks
In another sign of a recovering economy, the Federal Reserve allowed its supplementary leverage ratio (SLR) relaxation end. The bank undertook the change last April to allow banks to better manage their balance sheets at the start of the pandemic lockdown. Easing the rule allowed banks to have their deposits at Fed banks exempt from bank-capital requirements. | | | | • | China Moves to Restrict Tesla Vehicles
Citing security concerns, regulators in China are moving to restrict the use of vehicles made by Tesla Motors (TSLA). The belief is that the car's cameras collect images and data that could be sent back to the U.S. The move also occurs as political tensions between the U.S. and China have risen in recent weeks, particularly involving the sale and adoption of technologies. | | | | • | Shareholders Reject CEO Pay Proposal at Starbucks
Shareholders usually have to go along with a company's management. So it's unusual to see shareholders reject a proposal. Yet that just happened with Starbucks (SBUX). The issue? CEO pay. Typically, these issues are non-binding, and a company's board of directors may increase CEO pay anyway, in the interest of retaining an executive. In this case, it may be a sign that shareholders see the CEO as overpaid. | | | | • | Visa Stumbles Following DOJ Probe
The Department of Justice is looking into whether Visa (V) unlawfully curbed the ability of merchants to use less-expensive networks when making debit-card transactions. While the credit card players are an oligopoly, Visa leads on transaction share. A probe may not result in any fines or other corrective measures, but shares dropped on the news. | | | | • | SpaceX Nears Completion of Rocket Booster for Starship
Privately-held SpaceX has completed its next-gen first-stage rocket booster for the Starship spacecraft. The booster is 220 feet tall, beating out the 160-foot height of the Starship. Testing will soon be underway to determine how well the booster can handle temperature and pressurization changes. Once free from Earth's gravity, the Starship has a series of 28 Raptor engines. | | | | | | TOP | | FDX | 6.098% | | | OXY | 5.56% | | | DG | 5.022% | | | TGT | 4.421% | | | ENPH | 4.358% | | | BOTTOM | | V | 6.236% | | | CB | 5.294% | | | TRV | 4.801% | | | AIRC | 4.377% | | | EXR | 4.353% | | | | | | | | | This is the strongest seller's market since at least 2006. Buyers outnumber sellers by such a huge margin that many homeowners are staying put because they know how hard it would be to find a place to move to. | | - Daryl Fairweather, chief economist at Redfin, on why the recent rise in bond yields has yet to put a major dent in the bond market, and why homeowners who haven't refinanced yet to take advantage of lower rates may be missing out. | | | | Stock Options Are DEAD! "Penny Trades" Have WON… | | | | | Forget options! Because there's a NEW way to trade. - It can pay far more than stocks…
- Trades can cost as little as 1¢…
- These special trades can multiply as much as 529 times…
- Warren Buffett made $12 billion with the idea behind this technique…
- These trades can shoot up lightning fast — sometimes in weeks or even days…
One of these odd trades even shot up 183% in one day! Our readers saw the chance at gains as high as an extraordinary 5,100% with one 19¢ trade. I repeat — this is NOT options trading. Here's the full scoop on this weird way to trade. | | |
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