Good morning. There's an old Wall Street saying that the cure for high prices is… high prices.
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 34,480.00 | +0.04% | | | | S&P 4,247.49 | +0.20% | | | | NASDAQ 14,069.42 | +0.35% | | | | *As of market close | | • | Stocks closed higher going into the weekend, shaking off intraday losses. | | • | Oil rose 0.7 percent, closing at $70.79 per barrel. | | • | Gold dropped 0.9 percent, hitting $1,879 per ounce. | | • | Cryptocurrencies generally rallied, with Bitcoin last at $37,228. | | | | | | | | | | Logistics Challenges Overlook Long-Term Potential In this Strong Trend Stock | | | | While most companies have beaten earnings expectations so far this year, a murky outlook or a warning about the costs of inflation have often prevented shares of a company from moving higher. One company just made such a warning. Despite some shortages in key areas, however, it's shown a strong 32 percent revenue growth, and came out with strong guidance. Yet shares sold off anyway
» FULL STORY | | | | | | Insider Trading Report: FireEye (FEYE) | | | | Arthur Coviello, a director at FireEye (FEYE), recently picked up an additional 10,000 shares. The buy increased his stake by over 34 percent, and came to a total cost of just over $201,000. This marks the first insider buy at the company in the past three years. Company insiders have been exclusively sellers otherwise, typically by C-level executives. The sales look typical of tech companies that provide extensive stock options for employees. » FULL STORY | | | | | | Unusual Options Activity: Tesla Motors (TSLA) | | | | Since surging to all-time highs over the past year, electric vehicle manufacturer Tesla Motors (TSLA) has seen prices slide, twice hitting a low of around $550 before bouncing higher. One trader sees the potential for another test of that low. That's based on the July 23 $600 puts. With 39 days until expiration, over 4,230 contracts traded, a 42-fold rise in volume from the prior open interest of 101 contracts.
» FULL STORY | | | | | | • | Why July 27th Could Set Off A "Tech Boom" In Stocks
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.) | | | | • | Bond Market Hints at Economic Slowdown
Investors were worried about rising bond markets at the start of the year. But that trend has flatlined. Given rising inflation fears, that only makes sense if economic growth is likely to slow. That's certainly an outcome that's being priced into bond markets, and answers the question as to how the economy's growth will fare once everything is fully reopened. | | | | • | Bipartisan $1 Trillion Infrastructure Deal Planned
A group of 10 Senators has come up with a $1 trillion infrastructure package, coming in roughly between the latest partisan proposals. The White House is assessing the plan, which would include about $579 billion in new money total. Senate Democrats are also looking into the possibility of coming up with a plan that they can pass with their slim majority. | | | | • | Private-Label Bills Could Break Up Tech Giants
A bipartisan bill working its way through Congress could require big tech companies to shed their private label products. That would eliminate a conflict of interest and potential antitrust issues that have been rising from the rise of private-label products from big tech companies, particularly Amazon (AMZN) over the years. | | | | • | Tesla Reveals Model S Plaid
After being rescheduled, Tesla Motors (TSLA) has unveiled its Model S Plaid. The product is the latest version of the Model S, featuring an improved battery design and heat pump, as well as a record-low drag coefficient for a car. The company has made its first 25 deliveries, and will scale up production to one thousand cars per week in the next quarter. | | | | • | McDonald's Latest Company to Face Data Breach
Fast food chain McDonald's (MCD) revealed that it was affected by a data breach, involving the information of customers and employees in South Korea and Taiwan. The company believes that thanks to improved cybersecurity spending, it was able to avoid a wider breach of data, and that payment information wasn't impacted by the breach. | | | | | | TOP | | ZM | 5.743% | | | VFC | 4.558% | | | PVH | 3.974% | | | TPR | 3.669% | | | GPS | 3.194% | | | BOTTOM | | VRTX | 10.956% | | | INCY | 5.655% | | | BIIB | 4.357% | | | LLY | 4.046% | | | PRGO | 2.333% | | | | | | | | | A lot of the surge in prices are for things that are just normalizing. ... Hotels and rental cars and used vehicles, sporting events, restaurants. Everyone is just getting back to normal, so pricing is just returning to what it was pre-pandemic. | | - Mark Zandi, chief economist at Moody's Analytics, on why the latest inflation numbers are likely transitory, given that the biggest moving components are in areas that are reopening after a year of lockdowns. | | |
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