Good morning. Inflation has gone from a dreaded word to a painful reality. Who knew that printing..
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 34,394.04 | +0.54% | | | | S&P 4,197.14 | +0.99% | | | | NASDAQ 13,661.17 | +1.41% | | | | *As of market close | | • | Stocks traded higher on Monday, with all three indices closing near highs of the day. | | • | Oil rallied 3.8 percent, closing at $65.98 per barrel. | | • | Gold rose 0.3 percent, to $1,883 per ounce. | | • | Cryptocurrencies strongly rebounded, with Bitcoin last at $39,740. | | | | | | | | | | Even Without a Stock Split, This Tech Winner Remains a Buy | | | | Graphics processing unit maker Nvidia (NVDA) announced plans to make a 4-for-1 share split on Friday. That gave shares of the company a quick boost, as it marks the first share split in 14 years for the firm. While the lower share price doesn't change the company's market cap, it does make trading easier, particularly for retail investors. It's fairly common to see companies split shares as they continue a long-term rally.
» FULL STORY | | | | | | Insider Trading Report: 3D Systems Corp (DDD) | | | | Jeffrey Graves, President and CEO of 3D Systems Corp (DDD), recently picked up 4,100 shares. The buy increased his stake by 0.75 percent and came to a total purchase price of just over $101,000. This marks the first insider buy since September. Company insiders have generally been sellers over the past three years, but prior insider buys have been at far lower prices than where shares currently trade today. » FULL STORY | | | | | | Unusual Options Activity: Home Depot (HD) | | | | Shares of home improvement retailer the Home Depot (HD) dropped last week despite a great earnings report. At least one trader sees the selloff as related to last week's market weakness, with shares likely to bounce higher. That's based on the June $320 calls. Over 1,032 contracts traded against a prior open interest of 101, for a 10-fold rise in volume. The option expires in one month, and the buyer of the option paid about $5.75 for the trade.
» FULL STORY | | | | | | • | The 90 Second Income Trade Quickly…if you were in a pinch and had to earn $400, $500 or even $1,000 in income in less than 90 seconds what would you do? If you're like most people you might… A. Try and day trade stocks? B. Maybe you'd buy options? C. Or maybe even you'd even try to collect a dividend? If you answered A, B, or C you owe it to yourself to see this… In just 90 seconds one of the world's top traders reveals the answer to this question and you'll be stunned! If you do one thing for yourself today…make it this… >> Click HERE for the answer << (Clicking links above registers you automatically for periodic updates from DTI Trader.) | | | | • | Allied Universal Seeks 35,000 Workers
Demand for workers is on the rise, with facility services company Allied Universal looking to hire 35,000 workers in the next two months. Open positions include areas such as security professionals for industrial and commercial properties, as well as site supervisors and other positions that would benefit from added security as the economy reopens. | | | | • | ESG Investing Rules Eased
Virgin Galactic (SPCE) has completed its third spaceflight. This was the first launch from its New Mexico spaceport, and gave investors renewed confidence in the company after some delays for this flight. The company is one of many names in the growing trend of "space tourism," and the first commercial flights in the sector are expected later this year. | | | | • | Crypto Brokerages Look to Move Peer-to-Peer
2021 started off as the year of cryptocurrencies, with the IPO of Coinbase (COIN) and a big rally in the space. Now with a bear market underway, some traders are looking to establish peer-to-peer networks for trading that can bypass cryptocurrency brokerage firms. | | | | • | Ray Dalio Unveils Bitcoin Stake
Billionaire investor Ray Dalio has joined the Bitcoin club, revealing that he owns some Bitcoin, even after previously expressing some issues about the cryptocurrency's future. Nevertheless, he stated that the cryptocurrency was a preferable investment to a bond (at least at the moment). | | | | • | Aurora Solar Raises $250 Million in Series C Funding
Aurora Solar, a startup that uses satellite imagery to measure a roof for solar panel installation, has just completed its latest round of funding, putting in $250 million in a Series C. That's five times larger than the $50 million the company pulled in during it Series B just six months ago. The company also has software for managing solar panels, and isn't involved with the costs of manufacturing or installing panels. | | | | | | TOP | | MGM | 5.139% | | | CZR | 4.86% | | | TWTR | 4.793% | | | NCLH | 4.704% | | | AMAT | 4.601% | | | BOTTOM | | XEC | 7.904% | | | COG | 6.794% | | | DG | 3.848% | | | NTES | 3.314% | | | KMX | 2.40% | | | | | | | | | The cost of money is so low that after you adjust for inflation, bonds don't pay anything. If bonds are a bad bet because of inflation, the inflation is going to affect equities as well and it will reduce the value of equity securities, no doubt about it. | | - Charles Ellis, investor and author of Winning the Loser's Game on why inflation fears are already impacting the bond market and could spread to the stock market, reducing the value of stocks as higher inflation creates uncertainty over a company's future returns and profitability. | | |
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