Good morning. The Federal Reserve continues to sound optimistic, at lest according to its..
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 33,446.20 | +0.05% | | | | S&P 4,079.73 | +0.14% | | | | NASDAQ 13,688.84 | -0.07% | | | | *As of market close | | • | Stocks traded flat on Wednesday, as the Fed's latest meeting minutes were digested. | | • | Oil rose 0.4 percent, to $59.57 per barrel. | | • | Gold prices dropped 0.3 percent, at $1,737 per ounce. | | • | Cryptocurrencies generally dropped, with Bitcoin last at $56,225. | | | | | | | | | | Recurring Revenue Services Make for Strong Investment Returns | | | | Wall Street loves hearing the words "recurring revenue." That business model means receiving smaller sums from a customer, but on a regular, typically monthly, basis. Companies that move towards that model tend to be rewarded with upgrades. One big name tech giant has been lagging the market lately. But it's been focusing on increasing its recurring revenue by developing a suite of services rather than focus on creating new hardware to sell to customers.
» FULL STORY | | | | | | Insider Trading Report: Joann Inc (JOAN) | | | | Wade Miquelon, President and CEO of Joann (JOAN) recently bought 47,500 shares. The buy increased his stake by 87 percent, and came to a total cost just over $540,000. This is the first insider trade since the company went public in March. When that happened, a number of institutional owners and directors sold shares, but many company executives bought shares. Overall, company insiders own over 4 percent of the company. » FULL STORY | | | | | | Unusual Options Activity: Zillow (Z) | | | | Real estate listing firm Zillow (Z) saw shares soar to $200 before dropping back down to $120. Now, with shares on the rise to $140, one trader is betting on a move higher. That's based on the September $120 calls. With 162 days until expiration, the option is about $20 in-the-money given the recent price of $140. Over 10,100 contracts traded compared to a prior open interest of 133, for a 76-fold rise in volume.
» FULL STORY | | | | | | • | [Free eBook] Learn the Double Dutch Pattern
Rob Booker, a trading veteran of 20-plus years, uses one main pattern to identify his entries on bullish stocks. He calls it the Double Dutch, and in this free eBook, you can learn all about how he finds those trades. With this pattern, Rob targets short-term entries on hot stocks off a bounce, looking to ride the upward momentum. And after you read this eBook, you'll understand the same pattern he uses pretty much every day. Claim your FREE copy of the Quick Strike Double Dutch Trading Playbook here (Clicking this link registers you automatically for the event, and for periodic updates from Daily Profit Publishing - Privacy Policy.) | | | | • | Stock Leverage Reaches Record High
Investors have borrowed $814 billion in leverage to trade the stock market, according to the Financial Industry Regulatory Authority. The amount is up 49 percent in the past year, and is the fastest rate of growth since 2007. Changes in leverage requirements or small pullbacks in the market could be magnified as a result of this sizeable leverage. | | | | • | Digital Ad Spending Rose 12 Percent in 2020
While companies initially cut back on ad spending at the start of the pandemic, it came roaring back by the end of the year. For 2020 as a whole, ad spending rose 12.2 percent. The largest players in the market also increased their market share of digital ad space in that timeframe as well. | | | | • | Apple Updates on App Tracking Feature
Tech giant Apple (AAPL) has updated information on its latest App Tracking Transparency feature. The tool will allow users to control what is and isn't shown for ad-targeting purposes on an app-by-app level. Competitors have criticized the changes, arguing that it will make it more costly to run effective ad campaigns for Apple users. | | | | • | Carnival Loses $2 Billion in Q1 2021
Carnival Cruise Lines (CCL) reported a $2 billion quarterly loss in the first quarter of 2021. The cruise line industry largely remains shut down. However, the company's shares did initially rally on news that the company saw accelerated booking trends for when the line can open again. | | | | • | Plaid Reaches $14.5 Billion Valuation
FinTech firm Plaid raised $425 million in Series D funding, valuing the company at $13.4 billion. That's a large increase over the attempted buyout at $5.3 billion from Visa (V) over a year ago that didn't pass antitrust scrutiny. Plaid's role in linking financial data between bank accounts and apps makes for a potent firm, and the company looks attractive to analysts as an IPO candidate. | | | | | | TOP | | LB | 3.627% | | | TWTR | 2.97% | | | ESS | 2.527% | | | FB | 2.23% | | | HES | 2.141% | | | BOTTOM | | ALB | 6.011% | | | ENPH | 5.009% | | | TRMB | 3.835% | | | PPG | 3.647% | | | LW | 3.621% | | | | | | | | | There are lots of reasons to be excited about the months ahead, and we're generally optimistic for this year. Stocks' momentum is strong, no doubt about that. But the market may be ready to take a breather as investors digest all the good news, determine how much of that is priced in and weigh it against uncertain risks like inflation. | | - Lindsey Bell, chief investment strategist at Ally Invest, on why the stock market may continue to roll sideways for a few months rather than see a large move up or down. | | |
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