Good morning. Last year's retail rallies started following the pandemic shutdowns.
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 34,600.77 | +0.07% | | | | S&P 4,208.21 | +0.15% | | | | NASDAQ 13,756.33 | +0.14% | | | | *As of market close | | • | Stocks traded flat on Wednesday, with popular retail names seeing the biggest moves. | | • | Oil prices rose 1.5 percent, with crude closing at $68.71. | | • | Gold rose 0.3 percent, hitting $1,911 per ounce. | | • | Cryptocurrencies moved higher, with Bitcoin last at $37,941. | | | | | | | | | | More Upside Catalysts Than Downside Point to this Blue Chip Winner | | | | The past few years have been some of the worst in Boeing's (BA) history. The airline manufacturer has had to deal with rising international competition, the flaws in its 737 Max jet, and then the pandemic's collapse in global air travel. These high-profile dangers have been well baked into shares. Now, with the 737 Max getting back into service and the pandemic ending, things are potentially looking up for the airliner.
» FULL STORY | | | | | | Insider Trading Report: Jacobs Engineering (J) | | | | Christopher Thompson, a director at Jacobs Engineering (J), recently bought 10,000 shares. The buy increased his stake by 46 percent, and came to a total price of just over $140,000. This marks the first insider buy at the company in the past three years. Insiders have been regular sellers of shares throughout the past few years at fairly regular intervals, even as the share price has risen. » FULL STORY | | | | | | Unusual Options Activity: NRG Energy (NRG) | | | | Shares of utility company NRG Energy (NRG) have been in a sharp drop since early March. One trader sees the potential for a partial rebound in the coming weeks. That's based on the July $35 calls. Over 6,900 of the contracts traded against a prior open interest of 218, for a 32-fold rise in volume on the trade. The buyer of the calls paid $0.85.
» FULL STORY | | | | | | • | Stock-Picking Legend Leaks Secret Stock (Trades for Less Than $5)
One of the world's great stock pickers just did something crazy. He went onstage and outed a secret stock that trades under a hidden name. See the "leaked" footage here. Now, keep in mind... this stock picker is legendary for his big trades. He personally bought Apple in the '90s, when NOBODY thought Apple was going anywhere... and still holds every share. He bought Amazon in the early 2000s... and still holds every share. He even bought Netflix THIRTEEN years ago... and still holds every share. I've looked through his personal trading records... and let me assure you, it's absurd how much he made on these trades. But now he's done something I never thought I'd see. (Live camera footage here.) He's outed a secret stock - trading for less than $5 - that he says is the next big score. Click HERE to see the details for yourself. (Clicking this link will opt you in to the Liberty Through Wealth free e-letter and offers from us and our affiliates that we think might interest you. - Privacy Policy.) | | | | • | US Plans Tariffs Over Digital Service Tax
The Biden administration is planning to implement tariffs on the UK and 5 other countries over their attempts to impose digital service taxes on US technology companies. The tariffs are suspended for six months in the hopes that an international resolution can be reached. | | | | • | Cyberattack Shuts Down Beef Production
JBS, a company responsible for a sizeable amount of the country's beef production, has had nine of its facilities shut down following a cyberattack. The company restarted operations Wednesday, following a two-day shutdown. The company has not disclosed if it has paid any ransom or met the hacker's demands. | | | | • | SEC Warns on Musk Tweets
Per a settlement with the SEC, Tesla Motors (TSLA) CEO Elon Musk has been required to have his tweets first vetted by company lawyers. He now appears in violation at least twice. While cryptocurrencies are unregulated and thus tweeting about them isn't an issue, a tweet Musk made may have caused a big move in shares of Korean firm Samsung Publishing (068290.KS). | | | | • | Amazon Drops Marijuana Drug Screening
Corporate giant Amazon (AMZN) has announced that it will no longer include marijuana in its drug screening program. The company will continue to perform impairment checks and screen for drugs for on-the-job incidents. The carve-out also doesn't apply to workers in positions regulated by the Department of Transportation, including truck drivers. | | | | • | Dogecoin Jumps on Coinbase Listing
Cryptocurrency Dogecoin is enjoying a relief rally following its big selloff last month. The coin surged nearly 25 percent on news that it would be added to the available options on the widely-used cryptocurrency brokerage Coinbase (COIN). The move caused the cryptocurrency, which started as a meme, to rise back to a $54 billion market cap. | | | | | | TOP | | MAC | 9.075% | | | SLB | 7.683% | | | ETSY | 7.146% | | | IVZ | 4.744% | | | AAL | 4.662% | | | BOTTOM | | NUE | 5.156% | | | TPR | 5.026% | | | PVH | 4.119% | | | LB | 3.701% | | | TTWO | 3.201% | | | | | | | | | Markets remain strong. Economic growth is robust, monetary conditions remain extremely easy and consumers are flush with cash from stimulus as virus cases fall and the economy reopens. | | - Cliff Hodge, chief investment officer for Cornerstone Wealth, succinctly laying out the case for the stock market to continue moving higher this year. | | |
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