Good morning. The Bureau of Labor Statistics was down early on Friday, as traders looked to see..
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 33,802.78 | +0.89% | | | | S&P 4,128.75 | +0.77% | | | | NASDAQ 13,900.19 | +0.51% | | | | | *As of market close | | | • | Stocks rallied into the close on Friday, with the S&P 500 once again at a record high. | | | • | Oil declined 0.3 percent, to $59.40 per barrel. | | | • | Gold declined 0.8 percent, at $1,744 per ounce. | | | • | Cryptocurrencies generally rallied, with Bitcoin last at $58,475. | | | | | | | |
| | | Streaming Trends Make this Hardware Play Worth Following | | | | One of the past few trends of the past few years has come from streaming. A number of media companies have considerably expanded their offerings in the past few years.
While the media companies themselves are likely to benefit, companies providing streaming hardware and software in general can profit from the ongoing rise of streaming even without having to benefit from a specific media company's growth.
» FULL STORY | | | | |
| | Insider Trading Report: William Penn Bancorp (WMPN) | | | | Alan Turner, EVP and CLO at William Penn Bancorp (WMPN), recently bought 11,000 shares. The buy is an initial stake for the officer. The buy came to a total cost of just over $125,000.
Company insiders have gotten active on shares in the past month. Prior to that, company insiders were largely absent from buying or selling going back to 2011. Even with that light trading, company insiders own over 26 percent of shares.
» FULL STORY | | | | |
| | Unusual Options Activity: NCR Corp (NCR) | | | | After trading in a range for nearly three months, shares of NCR Corp (NCR) have finally broken higher. One trader sees the trend continuing strongly in the next month.
That's based on the May $46 calls. With 39 days until expiration, over 8,060 contracts traded, a 40-fold rise in volume from the prior open interest of 204 contracts. With shares right around $39, shares would need to rally about 18 percent for the option to move in-the-money.
» FULL STORY | | | | |
| | • | Are You Missing This Legendary Winning Streak?
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| | | | • | Investors Pour into Stocks
The past five months has seen more capital move into stock funds than in the past 12 years combined. That's a total of $569 billion since November. The 2009-2020 bull market only saw $452 billion move into stocks. That's a sign of market enthusiasm, as well as a willingness from investors to take some cash off the sideline that sat out of markets during the pandemic. | | | | • | Mega-Stocks Resume Role as Market Leaders
After lagging for a few months, the market's mega-stocks, largely centered in the technology space, have started to show leadership once again. This may not be the end of a shift to value stocks and smaller plays seen in recent weeks, but it's a sign that traders are willing to buy into the big tech names after a drop of when they've been lagging. | | | | • | Amazon Defeats Union Push
Warehouse workers in an Amazon (AMZN) facility in Alabama voted against forming a union. Over half of the 3,215 votes cast were in favor of staying open rathe than joining the Retail, Wholesale and Department Store Union. The union is looking to challenge the results, and the biggest threat to Amazon's labor practices in years has now passed. | | | | • | Supply Chain Woes Hit Ketchup Packets
While semiconductor shortages have replaced 2020's toilet paper shortages, the latest supply chain issues have come from areas including ketchup packets. This shortage has developed following a rise in to-go orders nationwide. Heinz has pledged a 25 percent increase in production, and smaller ketchup producers may follow suit. | | | | • | Corporate America Embraces Outsider Bitcoin
With more than two dozen companies now publicly admitting to having Bitcoin on their balance sheets, the cryptocurrency has gone mainstream. That's a far cry from an asset that was created to work around the challenges of the existing financial system. As the mass adoption appears to be continuing at a rapid pace, it may explain why recent Bitcoin pullbacks have been relatively smaller than drops in the past. | | |
| | | | TOP | | | PVH | 5.681% | | | | TPR | 3.597% | | | | M | 3.463% | | | | CI | 3.295% | | | | GPS | 3.279% | | | | BOTTOM | | | TCOM | 3.476% | | | | BIDU | 3.131% | | | | TAP | 3.063% | | | | CAG | 2.976% | | | | BKR | 2.897% | | | | |
| | |  | | It isn't until the Fed leans really hard then you have to worry. I mean, we could have the market go up 30% or 40% before it goes down that 20%. | | - Jeremy Siegel, Wharton School finance professor, on why the stock market is still in the early stages of a bull market, and why traders who take cash out now to buy a dip later may end up paying higher prices. | |
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