| | | | DOW 34,393,75 | -0.25% | | | | S&P 4,255.15 | +0.18% | | | | NASDAQ 14,74.14 | +0.74% | | | | *As of market close | | • | Stocks traded mixed on Monday, but closed at highs of the day. | | • | Oil rose 0.2 percent, closing at $71.04 per barrel. | | • | Gold dropped 0.6 percent, hitting $1,868 per ounce. | | • | Cryptocurrencies generally soared, with Bitcoin last at $39,854. | | | | | | | | | | This Social Media and Gaming Play Could Break to New Highs | | | | Video games remain a popular and growing part of the entertainment industry. From small indie studious to giants in the space, the E3 conference, held virtually this year, showed off some of the top developments in the space. Many companies had some announcements regarding the latest games and technologies behind them. Some are even trying to shake up how consumers value their companies compared to competitors.
» FULL STORY | | | | | | Insider Trading Report: REV Group (REVG) | | | | Rodney Rushing, CEO of REV Group (REVG), recently bought 19,292 shares. The buy increased his holdings by just over 2 percent, and came to a total purchase price of $306,000. He was also joined by the company CFO, who bought 7,000 shares, paying just over $111,000. And the company's General Counsel also bought 1,500 shares around the same time. All told, company insiders own about 3.6 percent of shares. » FULL STORY | | | | | | Unusual Options Activity: DropBox (DBX) | | | | Shares of file-sharing company DropBox (DBX) have been rising steeply in recent sessions. While shares are nearing overbought levels on a technical basis, at least one trader sees the potential for a move higher. That's based on the October $35 calls. Over 11,660 contracts traded, a 24-fold rise in volume from the prior open interest of 493. The buyer of the calls paid about $1.11 to make the trade.
» FULL STORY | | | | | | • | 5G Stock CRUSHES Earnings!!
Big news today. Wall Street is on a buying frenzy. An obscure tech stock under $5 recently crushed earnings. Reports are saying that "earnings beat estimates on booming 5G demand." And the company is now set to bring in more revenue than IBM, Facebook and even Google.. Yet while those stocks trade for hundreds of dollars, this one company trades for just under $5. Perhaps that's why Wall Street is loading up on shares. If there is one stock to buy right now, this is very likely it. You can access the full breakdown here. But don't wait. A big project is underway that could create 50,000 new jobs in America... and add billions more to the company's bottom line. Discover Why This Is Our Expert's No. 1 "Buy" Right Here (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.) | | | | • | Corporate Debt Soars Thanks to Pandemic
Corporate America issued $1.7 trillion in bonds last year, $600 billion more than the previous record. All told, corporations have $11.2 trillion in total debt, according to the Federal Reserve. The growth is blamed on the pandemic and a rush for companies to obtain working capital, as well as lower interest rates, which allowed companies to refinance older debts and lower costs. | | | | • | Consumer Spending Up 20 Percent Compared to 2019
According to Bank of America (BAC) CEO Brian Moynihan, consumer spending is 20 percent higher so far this year compared to 2019. That's based on transaction volumes on customers credit card debts. While nearly all categories are recovered from the pandemic, travel still remains about 15 percent lower compared to 2019. | | | | • | Lordstown Motors CEO and CFO Quit as Company Warns on Going Concern
Last week, electric truck manufacturer Lordstown Motors (RIDE) warned that the company could go out of business—issuing what's known as a "going concern" warning. On Monday, the company's CEO and CFO quit as well, causing shares to further plunge. The company went public just last year, using a SPAC, or special purpose acquisition company. | | | | • | Top Bidder Pays $28 Million for Blue Origin Flight
Blue Origin, the spaceflight company backed by Jeff Bezos, has revealed that of 7,600 bidders, the winner paid $28 million to fly on the company's debut spaceflight. Estimates are that once the company is up and running, spaceflights will likely cost closer to $500,000 to $1 million per ticket. The flight is scheduled for July 20th. | | | | • | Novavax Unveils Latest Covid-19 Vaccine
Novavax (NVA) revealed that its Covid-19 vaccine was 90.4 percent effective overall in a Phase 3 study. This creates the latest version of a Covid-19 vaccine. This brings another source of the vaccine to market. While most who want a shot have already had the opportunity to get one, the rise of Covid variants and a need for booster shots provides another source. | | | | | | TOP | | RMD | 6.002% | | | MKTX | 3.142% | | | ADBE | 2.899% | | | TER | 2.735% | | | ETSY | 2.702% | | | BOTTOM | | BKR | 4.516% | | | MOS | 4.221% | | | CCL | 3.943% | | | GLW | 3.939% | | | NCLH | 2.816% | | | | | | | | | The ups and downs of meme stocks have generally had little impact on the overall direction of the stock market. Nevertheless, growing interest in meme stocks is positive for equities over a medium-term horizon... This is because the meme stock phenomenon is drawing funds into the stock market, boosting prices and liquidity in the process. | | - Peter Berezin, BCA Research's chief global strategist, on why the recent upswing in popular retail stock positions (or meme stocks), offers some benefits to the overall stock market, even when the market is trending sideways. | | |
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