Good morning. Most sectors of the economy have been on fire this year. But, there's one area..
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 34,229.95 | +0.28% | | | | S&P 4,167.63 | +0.07% | | | | NASDAQ 13,582.42 | -0.37% | | | | *As of market close | | • | Stocks traded mixed on Wednesday, with the tech-heavy Nasdaq declining for a second day. | | • | Oil declined 0.6 percent, to $65.32 per barrel. | | • | Gold rallied 0.6 percent, closing at $1,786 per ounce. | | • | Cryptocurrencies generally rose, with Bitcoin at $57,014. | | | | | | | | | | The Biggest Trend in Entertainment Continues to Point to Profits | | | | Even before the pandemic, sales of video games were topping box office receipts. And with a world loaded with small indie studios to developers producing popular titles, video games are a growing source of revenue for the entertainment sector. That's a trend likely to continue, thanks to the latest generation consoles and an endless stream of new games in production. The strong cash flows from creating video games has made for a massively profitable niche in the entertainment sector with room to grow.
» FULL STORY | | | | | | Insider Trading Report: Vista Gold Corp (VGZ) | | | | Douglas Tobler, CFO of Vista Gold Corp (VGZ) recently picked up 3,000 shares. The buy increased his stake by nearly 4 percent, and came to a total purchase price of over $3,200. He has been a repeated buyer over the past few months, and the only insider to make any transactions. The last insider transactions occurred in June 2019, and prior insider activities have been sales only. » FULL STORY | | | | | | Unusual Options Activity: Delta Air Lines (DAL) | | | | Shares of Delta Air Lines (DAL) have been trading in a range between $44 and $52 over the past few months. One trader sees the potential for a move higher as the economy continues to reopen. That's based on the August $48 calls. With 106 days until expiration, over 10,255 contracts traded, a 39-fold rise in volume from the prior open interest of 264. The buyer of the option paid about $2.27 to make the trade.
» FULL STORY | | | | | | • | Man Who Predicted 2020 Crash Issues Huge Warning
Wall street insider Chris Rowe says, "fortunes will be made, and lost… in what will go down as the greatest stock market event in the last 20 years." You need to see this ASAP. (Clicking above will opt you in to receive emails from True Market Insiders - Privacy Policy.) | | | | • | Yellen Walks Back Comments
Treasury Secretary Janet Yellen warned that interest rates may need to rise a bit to keep the economy from overheating. Economic growth has been partially driven by government stimulus programs in recent months, and talk of further stimulus plans and multitrillion dollar infrastructure and other spending packages is likewise leading to higher prices for goods. | | | | • | Peloton Issues Recall After Injuries & Death
Smart exercise equipment maker Peloton (PTON) announced voluntary recalls of two treadmill models following a number of injuries and even one death. The move comes weeks after a voluntary recall was suggested by the U.S. Consumer Product Safety Commission. The recall effects over 125,000 machines, and has led to a drop in shares for the once high-flying stock. | | | | • | Berry Producers Look to Avoid Last Year's Shortage
At the start of the pandemic, berry producers cut back on production as orders from restaurants ground to a halt. But home consumption went up, leading to a shortage for berries. This year, berry producers are looking to increase their acreage, even as the new production won't hit markets until next spring. Consumers may face a surplus next year… or at the very least will likely avoid a shortage. | | | | • | Krispy Kreme Files for IPO
Doughnut company Krispy Kreme has confidentially filed paperwork for an initial public offering. So far, there's no details on a price range or the amount of capital the company is expected to raise. The past few years has seen the firm expand, including a location in Times Square, and many of its locations have been remodeled. | | | | • | Facebook Oversight Panel Upholds Trump Ban
Facebook's (FB) oversight panel, a quasi-external group has upheld the company's decision to ban former President Donald Trump from its platform. The ban occurred on January 6th. The panel notes that it would not be appropriate for an indefinite suspension, and the board wants Facebook to review the decision within six months and determine an appropriate penalty. | | | | | | TOP | | CZR | 7.799% | | | DVN | 7.591% | | | UA | 7.15% | | | UAA | 6.91% | | | SLB | 6.869% | | | BOTTOM | | VRSK | 8.429% | | | ABC | 5.586% | | | HLT | 4.39% | | | HFC | 4.252% | | | CTVA | 4.238% | | | | | | | | | Even though we had a brutal sell-off today, we're still in one of the greatest second chance markets I've ever seen. We've seen this happen countless times people, yet it's very hard for people to remember that you're supposed to buy, not sell, when stocks are collapsing. | | - CNBC analyst Jim Cramer, on the recent drop in tech following fears of a rise in interest rates in the future. | | |
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