Good morning. The idea behind a K-shaped recovery is that for those who weren't impacted by the..
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 34,530.37 | +0.19% | | | | S&P 4,204.32 | +0.08% | | | | NASDAQ 13,748.74 | +0.09% | | | | *Stocks closed Monday, in observance of Memorial Day. | | | | | | | | | Consumers Remain King, And So Does This Retail Play | | | | Even with the rise of e-commerce, it's clear that some retail companies will continue to dominate the in-person experience. Those companies are usually big box stores, which offer sufficient variety as well as low prices. That's why it's no surprise that these companies have done well this earnings season. And why so many have also expanded their online presence, even if they're still relatively smaller players there.
» FULL STORY | | | | | | Insider Trading Report: QuantumScape (QS) | | | | Brad Buss, a director at QuantumScape (QS) recently bought 10,000 shares. The buy increased his stake by nearly 4 percent, in a transaction valued at nearly $284,000. This is the first buy from an insider since major investor Volkswagen committed $100 million back in late March. Other company insiders have been sellers of shares in recent weeks. Overall, company insiders own 31 percent of the company. » FULL STORY | | | | | | Unusual Options Activity: Live Nation Entertainment (LYV) | | | | Shares of ticket selling company Live Nation Entertainment (LYV) spiked higher following the vaccine rollout, pulled back, and have now moved back to their old highs. One trader sees shares breaking through to new highs in the second half of the year. That's based on the January 2022 $95 calls. With over six months until expiration, 5,326 contracts traded against a prior open interest of 161, for a 33-fold rise in volume.
» 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.) | | | | • | Memorial Day Weekend Travel Expected to Top 2 Million Airline Passengers Per Day
Based on TSA screening data, air travel is about 90 percent of pre-pandemic levels. That's a 14-month high. Rough estimates for the holiday weekend are that travel may have topped 2 million per day, a sign that a surge in travel is likely to continue. Most holiday weekend travel is infrequent flyers, rather than regular flyers. | | | | • | Big Tech May Face Law to Demystify How Platforms Decide on Content
Congressional Democrats introduced the Algorithmic Justice and Online Platform Transparency Act of 2021. The bill seeks to expose how platforms decide which content to show first online. The purpose of the bill is to address perceived racial injustice, and would not address Section 230, a law under fire for protecting tech platforms from liability. | | | | • | Digital Breaches Lead to Surge in Demand for Cybersecurity Employees
The rise of cybersecurity attacks in recent months is leading to a surge in spending on cybersecurity. As part of that trend, companies are looking to hire cybersecurity experts. Currently, there are around 879,000 such employees in the US, and some estimates are that there's a need for a further 359,000 to provide adequate cybersecurity for corporate America. | | | | • | Cathie Wood Sees Elon Musk Coming Back to Bitcoin
Cathie Wood of ARK invest sees billionaire Elon Musk coming back to Bitcoin in time following Musk's on-again, off-again interest in the cryptocurrency. Wood has been an early institutional investor in Bitcoin, has recently added to the position, and sees the cryptocurrency eventually rising as much as $500,000. | | | | • | MotoRefi Raises $45 Millions
MotoRefi, a startup firm that has developed a platform for refinancing automobiles, has raised another $45 million in a round of funding led by Goldman Sachs (GS). This round occurs 5 months after a $10 million round was raised. The company has reported steady growth given strong demand for cars this year, and the company says its platform saves consumers an average of $100 per month. | | | | | | TOP | | CRM | ULTA% | | | NVDA | 4.884% | | | ULTA | 5.177% | | | XLNX | 3.235% | | | TCOM | 2.927% | | | BOTTOM | | HPQ | 8.941% | | | GPS | 4.836% | | | M | 3.127% | | | DLTR | 2.607% | | | COST | 2.382% | | | | | | | | | A lot of companies have done extremely well in this crisis, and good for them. The simple fact is, though, corporate profits are the highest they've been in decades. Workers' pay is at the lowest it's been in 70 years. We have more than ample room to raise worker pay without raising customer prices. | | - President Joe Biden, touting the recent strength of the economy, and why he expects wages to rise without causing wage push inflation. | | |
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