| | | | DOW 34,793.06 | -0.92% | | | | S&P 4,402.69 | -0.46% | | | | NASDAQ 14,780.53 | +0.13% | | | | *As of market close | | • | Stocks traded mixed on Wednesday, with a slight rally in tech leading the Nasdaq higher. | | • | Oil declined 3.5 percent, closing at $68.06 per barrel. | | • | Gold traded flat, last going for $1,815 per ounce. | | • | Cryptocurrencies generally traded higher, with Bitcoin at $39,808 at the stock market close. | | | | | | | | | | Insider Trading Report: Aflac Inc (AFL) | | | | Karole Lloyd, a director at Aflac Inc (AFL), recently bought another 1,000 shares. The buy increased her stake by just under 3 percent, and came to a total cost of just over $55,000. This marks the second buy from a company insider this year, following another director buy back in early June. However, company insiders, including directors and executives, have overall been large sellers of shares over the past 3 years. » FULL STORY | | | | | | Unusual Options Activity: MasterCard (MA) | | | | Shares of credit card giant MasterCard (MA) have been heading gradually higher over the past few months, but recently slumped following lackluster earnings. One trader sees a rebound in shares in the coming months. That's based on the November $375 calls. With 106 days until expiration, over 9,140 contracts traded against a prior open interest of 173, for a 53-fold rise in volume. The buyer of the calls paid about $10.50 to make the trade.
» FULL STORY | | | | | | • | Job Growth Remains Slow in July
Private companies added a total of 330,000 jobs in July, based on the numbers crunched by ADP (ADP). That's far short of the 653,000 estimate, and the slowest growth since February. Leisure and hospitality companies led the growth, with 139,000 new jobs created. | | | | • | Household Debt Rises to Nearly $15 Trillion
Rising home prices as well as increased credit card spending caused household debt to rise 2.1 percent, or $313 billion, in the second quarter, coming in at nearly $15 trillion. The increase is the largest in seven years, and the largest nominal jump since 2007. Mortgage debt was the largest contributor. | | | | • | Meme Stocks Create New Winners in the Fund Manager Universe
Value investor Joel Tillinghast of Fidelity Investments is leading fund managers over the past year, in large part to investments in stocks like GameStop (GME) which have been strong performers over the past year as retail investors have piled in. | | | | • | Shortages Likely to Continue Thanks to Shifting Consumer Tastes
The percentage of household spending on a number of items such as cars and kitchenware was on the decline for decades prior to the pandemic. That shifted largely during the pandemic, and shows no signs of abating. That's why a number of shortages today appear likely to continue for some time, as producers shift resources. | | | | • | FullStory Hits $1.8 Billion Valuation
Privately-held FullStory has raised $103 million in its Series D funding, giving the company a potential valuation of $1.8 billion. The company is a startup that works with developers to optimize sites to ensure that the flow of sites isn't buggy, resulting in what's called "rage clicks." | | | | | | TOP | | PAYC | 10.704% | | | DVA | 8.632% | | | MRNA | 8.419% | | | ZM | 6.856% | | | UA | 6.712% | | | BOTTOM | | GM | 8.915% | | | LUMN | 8.863% | | | UNM | 8.844% | | | GPS | 8.011% | | | FMC | 7.633% | | | | | | | | | The charts, as interpreted by the legendary Tom DeMark, suggest that the market's getting close to a top, especially the S&P 500 and the Nasdaq 100. He's not too keen on the Dow Jones Industrial Average, either. | | - Jim Cramer, CNBC analyst, on the possibility that the stock market may be due to start seeing small pullbacks and overall flatten out over the next several months. | | |
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