Good morning. Inflation fears are starting to subside. One key reason? A push to curb commodity..
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 34,322.92 | +0.92% | | | | S&P 4,196.04 | +0.19% | | | | NASDAQ 13,738.00 | +0.59% | | | | | *As of market close | | | • | Stocks moved slightly higher on Wednesday, shaking off inflation fears. | | | • | Oil rose 0.1 percent, closing at $66.17per barrel. | | | • | Gold declined 0.1 percent, to $1,895 per ounce. | | | • | Cryptocurrencies rose, with Bitcoin last at $38,447. | | | | | | | |
| | | Sooner or Later, This Blue Chip Will Adapt to the Times | | | | The past decade has seen the rise of economically viable forms of alternative energy. That's occasionally spelled trouble for fossil fuel companies. Last year's drop in oil into negative territory, fueled by traders trying to get out of a bad trade, has now become a distant memory.
But the rise of socially responsible investing, now dubbed ESG for environmental, social and governance, is looking to make some big changes to big oil. The biggest potential change? Going carbon neutral.
» FULL STORY | | | | |
| | Insider Trading Report: Franchise Group (FRG) | | | | Brian Khan, CEO of Franchise Group (FRG) recently bought 1 million shares of the company. The buy increased his holdings by 291 percent, and came to a total cost of $36 million.
Insiders have been active buyers over the past year, including further purchases from the company CEO. The only insider sale in the past year occurred when a financial company with a significant stake sold off 757,000 shares.
» FULL STORY | | | | |
| | Unusual Options Activity: General Motors (GM) | | | | The automotive industry had a strong year in 2020, but automotive stocks have had a rougher time in 2021 as a semiconductor shortage has shut down production for many carmakers. One trader sees the potential for a drop in General Motors (GM) in the coming weeks.
That's based on the July $57.50 puts. With 50 days until expiration, over 25,132 contracts traded against an open interest of 256, for a 98-fold rise in volume.
» FULL STORY | | | | |
| | • | This VOMMA Zone "Amateur" Banked $250,000 in Just 33 Days…
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| | | | • | "Whisper Listings" Grow Amid Tight Housing Market
With housing demand strong and with inventories low, "whisper listings" are on the rise. These transactions involve a broker showing an unlisted property to potential buyers in the hope of getting a quick deal made. While its use is discouraged by National Association of Realtors, it has grown to 3 percent of the market, up from 2.6 percent a year ago. | | | | • | Amazon Buys MGM Holdings For $8.45 Billion
Tech giant Amazon (AMZN) has made an $8.45 billion buy of privately-held MGM Holdings. The buy is the firm's second largest after its acquisition of Whole Foods. The buy adds a number of properties to Amazon's streaming options, including the lucrative James Bond franchise. | | | | • | Shell Ordered to Reduce CO2 Emissions
A Dutch court has ordered Royal Dutch Shell (RDSA) to cut its carbon dioxide emissions by 45 percent from 2019 levels. The firm has until 2030 to do so. The emissions are both from the company's operations and from the energy products it sells. This is the first such global emissions reduction case, and comes at a time when many are pushing fossil fuel companies to go carbon neutral. | | | | • | Meme Stocks Rise Again
Popular retail investments like GameStop (GME) and AMC Entertainment (AMC) have been pushing higher in recent sessions. Retail traders continue to like the stocks, and both companies have managed to use their higher share price to issue equity to move forward. GameStop also announced it is getting into the NFT space, which could further add revenue to the company's bottom line.. | | | | • | Parametrix Insurance Raises Capital for Downtime Insurance
Parametrix, a startup play in insurtech, or insurance tech, has just raised $17.5 million. The funding will be used to create downtime insurance. Firms that rely on third-party could providers and ecommerce systems will be able to hedge against downtime, and the lost revenue that comes from that. | | |
| | | | TOP | | | F | 8.509% | | | | MAC | 5.348% | | | | PENN | 4.703% | | | | GPS | 4.164% | | | | DISCK | 3.971% | | | | BOTTOM | | | BLL | 4.227% | | | | WBA | 4.023% | | | | BSX | 2.789% | | | | ZBH | 2.134% | | | | BIIB | 2.052% | | | | |
| | |  | | We are going to get it done. There's no option. When the semiconductor supply chain is disrupted, the economy is disrupted. They're in your dishwasher, your car, your computer, your headset, your phone, military equipment. So, yes, we're going to get it done. | | - Commerce Secretary Gina Raimondo on the semiconductor shortage and the need for more production in the United States to avoid economic disruption and for the country to once again become a leader in the space.  | |
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