 | | |  | DOW 34,629.19 | -0.37% | | | | S&P 4,226.47 | -0.08% | | |  | NASDAQ 13,881.72 | +0.49% | | | | | *As of market close | | | • | Stocks traded mixed on Monday, with tech heading higher once again. | | | • | Oil declined 0.6 percent, closing the trading day at $69.20. | | | • | Gold rose 0.6 percent, hitting $1,903 per ounce. | | | • | Cryptocurrencies generally dropped, with Bitcoin last at $35,659. | | | | | | | |
| | | Dividend Growth Investing Doesn't Go Out of Style | | | | With markets focused on tech plays, favorite short squeezes by masses of retail players, and other potential news-driven events, the relative boredom of dividend investing seems to have passed the market by.
That's creating some pockets of opportunity. Only a handful of companies came through 2020 with their dividends intact… or even increasing. Investing in these companies for the long haul may sound boring, but a dividend boost can sometimes lead to a short-term boost in shares too.
» FULL STORY | | | | |
| | Insider Trading Report: Dun & Bradstreet (DNB) | | | | Bryan Hipsher, CFO of Dun & Bradstreet (DNB), recently bought 3,000 additional shares. The buy increased his holdings by nearly 0.5 percent, and came to a total purchase price of $63,000.
Hipsher was also a buyer of company shares back in February with a 6,000 share pickup. Overall, company insiders have been entirely buyers in the past three years, with zero sales. Company insiders also own over 22 percent of all shares.
» FULL STORY | | | | |
| | Unusual Options Activity: Square (SQ) | | | | Shares of payments processing company Square (SQ) saw a jump higher on Friday as the company announced more initiatives to integrate traditional finance with the rise of cryptocurrencies. While the move was small, one trader sees a bigger rally ahead.
That's based on the August $280 call. With just over two months until expiration, over 7,700 contracts traded against a prior open interest of 178, for a 43-fold rise in volume.
» FULL STORY | | | | |
| | • | What Others Say About the VOMMA Zone…
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| | | | • | The Fed Preps Markets for Asset Purchase Tapering
Since the start of the pandemic, the Federal Reserve has been using one of the tools from its housing crisis era kit, by buying up corporate assets to strengthen credit markets. Over the past few weeks, Fed officials have been hinting that a reduction in those buys, a process known as "tapering" is likely to start gaining traction. By preparing the market, the Fed hops to avoid the "taper tantrum" that occurred in 2013. | | | | • | Options Traders Set Sights on $100 Oil
13 months after briefly going negative, oil prices have pushed higher to a price of $70 per barrel, the highest level in two years. Some traders see a return to $100 per barrel, a level last seen in 2014, and a further 40 percent move higher. The bets are being made as the economy continues to recover, supplies remain constrained, and the full effect of inflation and supply chain issues remain unknown. | | | | • | Cruise Prices Pass 2019 Levels as Bookings Soar
The cruise industry is set to see its first sailings out of US ports since the start of the pandemic in July. With pent-up demand for travel, ticket prices for cruises are tracking well over 2019 levels. Some analysts had feared that a "return to normal" for the industry would take years. | | | | • | Global Smartphone Market Logs 26 Percent Gain in Q1
Global sales of smartphones rose 26 percent year-over-year in the first quarter of 2021. That's a high level, given the steep decline during the pandemic, and a slowdown in sales growth in the years leading p to the pandemic. The chip shortages impacting other areas of the tech space seem to have been avoided in the smartphone space. | | | | • | Google Faces $270 Million Antitrust Fine in France
Google (GOOG) has agreed to pay a fine equivalent to $270 million with French regulators, as part of an antitrust settlement. The regulators accused the company of anti-competitive behavior over claims that its used of data gives the company an unfair advantage, and that the company has abused its dominant position in the industry. | | |
| | | | TOP | | | BIIB | 38.341% | | | | LLY | 10.148% | | | | PENN | 4.606% | | | | CAH | 4.137% | | | | M | 3.902% | | | | BOTTOM | | | OGN | 7.994% | | | | URI | 4.833% | | | | TCOM | 3.976% | | | | PGR | 3.956% | | | | FISV | 3.298% | | | | |
| | |  | | If we ended up with a slightly higher interest rate environment it would actually be a plus for society's point of view and the Fed's point of view. We've been fighting inflation that's too low and interest rates that are too low now for a decade. | | - Janet Yellen, US Treasury Secretary, makes the case for higher interest rates as a way to curb inflation and keep the cost of capital high enough to reduce speculative investments. | |
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