Good morning. The stock market is forward-looking. And it's been looking forward to this earnings..
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.
| | | | DOW 33,754.40 | -0.16% | | | | S&P 4,127.99 | -0.02% | | | | NASDAQ 13,850.00 | -0.36% | | | | *As of market close | | • | Stocks dipped on Monday, with small losses for all three indices. | | • | Oil rose 0.7 percent, to $59.71 per barrel. | | • | Gold declined 0.8 percent, at $1,731 per ounce. | | • | Cryptocurrencies continued higher, with Bitcoin last at $60,131. | | | | | | | | | | This Utility-Like Play Offers Income and Modest Growth | | | | Heavily-regulated industries tend to be mature, offering little in the way of growth, but most earnings can be given to shareholders as income. While power generation and telecoms tend to be fairly stable, the next step up the growth chain is that of waste management stocks. Not as regulated as these other industries, they tend to operate as a monopoly or duality in a municipality.
» FULL STORY | | | | | | Insider Trading Report: Crinetics Pharmaceuticals (CRNX) | | | | Perceptive Life Sciences Master Fund, a major owner in Crinetics Pharmaceuticals (CRNX), recently added to its stake with a 304,136 share buy. The purchase increased the fund's holdings by over 8 percent, and came to a total cost of $5 million. This buy marks the first insider activity of the year. 2020 saw a number of both buys and sells, including an earlier buy from this major holder. » FULL STORY | | | | | | Unusual Options Activity: Two Harbors Investment Corp (TWO) | | | | Mortgage REIT Two Harbors Investment Corp (TWO) has seen shares slow from a strong rally in recent months to a more sideways trend. One trader is betting that shares are due for a drop. That's based on the May 21st $7 puts. With just over a month left on the trade, and with shares around $7.40, the put option will move higher on a drop in shares. Over 10,160 contracts traded, a 28-fold rise in volume from the prior open interest of 367.
» FULL STORY | | | | | | • | Hydrogen-Powered Vehicles: 3 Stocks to Power Your Portfolio
In this Profit Trends special report, you'll discover... How three major companies are using hydrogen fuel cell technology to revolutionize the electric car industry... and how you could position yourself to profit before this technology goes mainstream. What makes hydrogen-powered vehicles a no-brainer over standard battery-powered vehicles in the field of alternative energy... and why minimum environmental impact means maximum opportunity for market growth. And why one up-and-coming company launched a $6.7 billion plan to go all-in on hydrogen-powered vehicles, and how its long-term commitment could produce big returns for early investors. And so much more!
Get Your FREE Report (By clicking this link, you will automatically be opted in to receive emails from Profit Trends. You can unsubscribe at any time. - Privacy Policy.) | | | | • | Powell Suggests Interest Rate Raises Remain a Ways Off
In an interview on 60 Minutes, Federal Reserve Chairman Jerome Powell stated that the Fed is still looking for maximum employment and inflation at or over 2 percent before it will consider raising interest rates. Higher rates act as a brake on the economy, as they tend to slow lending by companies and individuals. Waiting too long to raise rates runs the risks of higher inflation for longer periods. | | | | • | Microsoft Buys Nuance Communications
In one of its larger deals in recent years, Microsoft (MSFT) has made a $19.7 billion offer for Nuance Communications (NUAN). The speech recognition company will allow Microsoft to increase its software tools available to software. Nuance has been an early player in speech recognition and artificial intelligence technology. | | | | • | Domino's Starts Autonomous Pizza Deliveries
Domino's Pizza (DPZ) has partnered with startup Nuro to allow customers to have pizzas dropped off by Nuro's R2 robot. R2 uses radar, 360-degree cameras, and thermal imaging to follow its movement. This is the latest move in contactless, autonomous food delivery, and to start will only be available at certain times. | | | | • | Coinbase Prepares for Big IPO
Cryptocurrency brokerage firm Coinbase is preparing to go public. With a private value of $68 billion, shares could easily top a $100 billion valuation as they go public on Wednesday. The company reports that it's profitable and has had strong revenue and customer growth in the past year, as Bitcoin prices have moved from $5000 to over $60,000. | | | | • | Uber Considers Cannabis Delivery
Ride share company Uber (UBER) is looking into adding cannabis delivery. However, the company can't start until federal regulations allow it, no matter what is or isn't legal at the state level. In recent months, the company has expanded into deliver for food and alcohol. | | | | | | TOP | | NVDA | 5.618% | | | CAG | 3.703% | | | TSLA | 3.687% | | | FTV | 3.664% | | | UNM | 3.348% | | | BOTTOM | | IPGP | 5.538% | | | TCOM | 5.402% | | | CCL | 5.29% | | | AMD | 5.051% | | | VIAC | 5.038% | | | | | | | | | Maybe the genie's out of the bottle and just trying to ban it at this point would make it more attractive. It would certainly send a message that the government sees this as a superior alternative to their own currency. | | - Jesse Powell, CEO of cryptocurrency exchange Kraken, on why calls to shut down Bitcoin and other cryptocurrencies are likely too late. | | |
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