Good morning. The stock market had its steepest and shortest bear market last year, with a..
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 33,874.85 | -0.54% | | | | S&P 4,181.17 | -0.72% | | | | NASDAQ 13,962.68 | -0.85% | | | | *As of market close | | • | Stocks declined going into the weekend, but April was still the best month for stocks since November. | | • | Oil dropped 2.3 percent, to $63.51 per barrel. | | • | Gold traded slightly down, closing at $1,767 per ounce. | | • | Cryptocurrencies generally rose, with Bitcoin at $56,950. | | | | | | | | | | Insider Trading Report: Heartland Express (HTLD) | | | | Michael Sullivan, a director at Heartland Express (HTLD), recently added 1,000 shares to his holdings. The buy increased his stake by over 8 percent, and came to a total purchase price of just over $18,000. Insiders have been mixed over the past year, with a number of large sales by the trustee of a major holder giving sellers the edge. However, company directors have largely been buyers in the past year. Overall, company insiders own nearly 50 percent of the company. » FULL STORY | | | | | | Unusual Options Activity: FireEye (FEYE) | | | | Shares of cybersecurity company FireEye (FEYE) had a slight selloff following their earnings last week. One trader is betting on a rebound in the coming weeks. That's based on the May 21st $19 calls. Expiring in 18 days, over 8,396 contracts traded hands compared to the prior open interest of 195, for a 43-fold rise in volume. The buyer of the calls paid about $1.54 on average.
» FULL STORY | | | | | | • | This VOMMA Zone "Amateur" Banked $250,000 in Just 33 Days…
Let's keep this short today… Chaotic financial forces seem to be surrounding us from every side… Rogue "Reddit" Armies… Money Printing Maniacs at the Treasury… Power-Grabbing Politicians... ...who to their eternal shame, didn't miss a single paycheck during the pandemic… yet only threw a handful of nickels at those who did. So it's no surprise that people are seeking some stability and asking me… "What's the fastest path to create reliable monthly income from the stock market?" No matter your experience level or your account size - here's my answer. And it's exciting because it's the only way I know of to potentially multiply your money by as much as 50% each month... Click HERE to Discover How this VOMMA Zone Could Become the Most Prosperous, Positive Period of Time in Your Life! (By clicking the links above you agree to receive email updates and special offers from Trader News Media.) | | | | • | Personal Incomes Rise 21.1 Percent in March
Personal incomes rose at their fastest rate ever in March, with a 21.1 percent rise of $4.2 trillion. That more than offset the slight decline in February, and indicates the latest stimulus checks hitting bank accounts, based on Bureau of Economic Analysis data. With the labor markets still coming off of elevated unemployment levels, income growth rates will likely moderate in the second half of the year. | | | | • | App Data Shows Pandemic Effects
A number of consumer apps such as OpenTable show that Americans are dining out again. Other tracking apps have shown a rise and decline in food delivery, home grocery delivery, and other indicators. The data suggests that entertainment venues are recovering at a slower rate than dining trends. | | | | • | Billionaire Cooperman Sees Market Lower Next Year
The possibility of higher tax rates on the ultra-wealthy next year, combined with rising inflation, are likely to weigh on the stock market over the next year. That's the view of billionaire Leon Cooperman, who sees a lower market in the next year, although not necessarily significantly lower given the supportive policies in place. | | | | • | Cloud Infrastructure Spending Hits $40 Billion in Q1
The rise of remote work trends spurred huge growth for cloud services at small and large companies alike. The trend has continued so far this year, with revenue for the sector clearing $40 billion in the first quarter of the year. That's a 37 percent increase from the same quarter the prior year. The big tech companies have gotten the lion's share of the space, and are likely to continue to do so. | | | | • | Chlorine Shortage Likely to Hit the Summer Swimming Season
The latest supply chain issue has been in chlorine. Pool supply stores have started to impose restrictions as prices for chlorine tablets have doubled in the past year. The culprit? A chemical plant fire in Louisiana has cut down on production ahead of summer in North America, and demand for home pools have remained robust. | | | | | | TOP | | AON | 5.311% | | | TSLA | 4.792% | | | FTNT | 4.482% | | | DLR | 3.536% | | | VRTX | 2.993% | | | BOTTOM | | TWR | 15.164% | | | RMD | 9.591% | | | DXCM | 8.442% | | | SWKS | 8.354% | | | IPGP | 6.285% | | | | | | | | | All arrows are pointing to another increase in inflationary pressures. Keep in mind, the Fed knows this; they are prepared for it. While I won't say whether or not the inflation we are seeing right now will be indeed be transitory or more sustained, I am willing to bet that it will go higher and persist longer than the market will tolerate. | | - Patrick Leary, chief market strategist at Incapital, on why the market is likely in for some turbulence as inflation comes in higher than expected for longer than expected later in the year. | | |
No comments:
Post a Comment