Good morning. Ford Motors (F) was founded in 1903. In its 118 years as a company, it's been built..
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 34,048.20 | -0.45% | | | | S&P 4,158.92 | -0.63% | | | | NASDAQ 13,897.35 | -1.10% | | | | | *As of market close | | | • | Stocks dropped on Monday, with indices coming off record highs. | | | • | Oil rose 0.5 percent, to $63.42 per barrel. | | | • | Gold declined 0.5 percent, at $1,771 per ounce. | | | • | Cryptocurrencies tanked over the weekend, with Bitcoin last at $55,338. | | | | | | | |
| | | This Big Tech Laggard Prepares for a Jump Higher | | | | The past few years has seen the rise of a handful of companies reach a market cap of $1 trillion. A few are now closing in on $2 trillion thanks to continued growth.
One player near the $1 trillion mark has been an underperformer in this mega-market-cap space over the past year. But now signs are on track for it to close in on a $3 trillion valuation in the next three years.
» FULL STORY | | | | |
| | Insider Trading Report: Impac Mortgage Holdings (IMH) | | | | Richard Pickup, a major holder at Impac Mortgage Holdings (IMH), recently added 200,000 shares. The buy increased his stake by 3.4 percent, and came to a total purchase price of $390,000.
This follows up on another buy from Pickup at the start of the month for 124,535 shares. Overall, insiders have been active as both buyers and sellers. However, sellers have taken the lead in the past year, even at lower prices than where shares currently trade.
» FULL STORY | | | | |
| | Unusual Options Activity: Clover Health Investments Corp (CLOV) | | | | Shares of Clover Health Investments Corp (CLOV) have shed half their value since late December. At least one trader sees a further decline ahead.
That's based on the May 25th $9 put options. With 32 days until expiration, over 9,400 contracts traded hands, a 75-fold rise in volume from the prior open interest near 125. The buyer of the contract paid about $1.42. With shares just under $10, the option is slightly out-of-the-money.
» FULL STORY | | | | |
| | • | We Didn't Think This Would Happen
Last month, we shared the incredible story of Echo Trades, the trading system invented by a Tennessee farmer that helped him grow his family's trading accounts to $1.4 million in 2020. We didn't think we'd get to share access to this system again for many months… But after Jeffry's first three public Echo Trades closed as a 47.9% win on UPS, a 357.5% win on SPY, and then another unbelievable 821.05% win on SPY, Jeff and Rob Booker decided they had to open the system up for just a few more days.
Click HERE to learn how the system works and hear the latest updates from Rob (Clicking links above registers you automatically for periodic updates from Daily Profit Publishing - Privacy Policy)
| | | | • | Foreign Buyers Step Back from Chinese Bonds
With a rise in bond yields in other countries, foreign buyers of Chinese bonds have gone elsewhere. Shifting trends have also reduced the advantage China has had over the United States. There's still about $313 billion in Chinese bonds owned internationally, but this is the first drop since February 2019. | | | | • | Consumer Savings Top $5.4 Trillion
Since the start of the pandemic, consumers have pulled back. Even with stimulus spending and a gradual rise in recent months, there remains an estimated extra $5.4 trillion in savings. That could lead to a further jump in consumer spending in the months ahead. | | | | • | Supply and Demand Issues Make the Chip Shortage Tough to Overcome
A spike in demand for electronics such as computers and electric vehicles have only partially explained the shortage of semiconductor chips. A second reason is that a number of issues have been impacting supplies. A push for the highest-tech chips in the past few years has led to a shortage in less-advanced but still necessary chips. | | | | • | Clubhouse Valuation Hits $4 Billion
Social audio app Clubhouse has raised capital in a Series C funding. While the specific amount of the raise wasn't mentioned, the company reports that its valuation was at $4 billion. In the meantime, a number of social media companies are working to integrate features that would lead to competition with Clubhouse. | | | | • | New CEO, Roaring Kitty Option Exercise Boosts GameStop
The saga of GameStop (GME) continues. On Friday, options held by analyst Roaring Kitty – or Ketih Gill – were exercised rather than cashed out for a massive profit. The options were good for 50,000 shares at a price of $12. The company also reports that its CEO is stepping down, offering the opportunity for the firm to move even more quickly to a digital format. | | |
| | | | TOP | | | ALB | 3.598% | | | | MS | 1.832% | | | | SCHW | 1.761% | | | | BK | 1.606% | | | | APA | 1.545% | | | | BOTTOM | | | PENN | 6.944% | | | | MO | 6.175% | | | | ENPH | 5.913% | | | | CZR | 5.222% | | | | GNRC | 4.079% | | | | |
| | |  | | Companies are saying we found new ways to cut costs. When revenues come back, margins are going to explode to the upside. Some of the Covid-related costs will come down. Those are some of the positives. | | - Lori Calvasina, head of U.S. equity strategy at RBC, on positive items to look for as earnings season unfolds, particularly trends that could continue to drive stocks to all-time highs. | |
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