Good morning. There's a great investment saying when buying a great company at a great...
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 34,870.16 | +0.21% | | |  | S&P 4,443.18 | -0.28% | | | | NASDAQ 14,969.97 | -0.52% | | | | | *As of market close | | | • | Stocks traded mixed on Monday, with a slight drop in the tech space. | | | • | Oil rose 2 percent, closing at $75.43 per barrel. | | | • | Gold traded flat, last going for $1,750 per ounce. | | | • | Cryptocurrencies also traded flat, with Bitcoin at $43,003 at the stock market close. | | | | | | | |
| | | This Beaten-Down Sector Is Quietly Moving Higher | | | | Investing trends can sometimes start quietly before gaining a big interest. That's especially true when it's a trend that's been hot in the past, but has slowed down, leading overly speculative investors into losses.
One such area this year has been the automotive sector. Auto stocks were hot last year, particularly electric vehicle companies. But interest peaked at the start of the year before trading sideways or down.
» FULL STORY | | | | |
| | Insider Trading Report: National Fuel Gas Co (NFG) | | | | David Bauer, President and CEO at National Fuel Gas Co (NFG), recently added 3,000 shares. The buy increased his stake by nearly 5 percent, and came to a total purchase price of just over $154,000.
This marks the first insider buy at the company in the past three years. There has been some insider sales back in 2019, but otherwise insider activity at the company has been fairly quiet.
» FULL STORY | | | | |
| | Unusual Options Activity: UBS Group AG (UBS) | | | | Shares of megabank UBS Group AG (UBS) have been trending higher the past year, with a few sizeable drops during periods of market fears. One trader sees the possibility for another such drop in the next few months.
That's based on the February $12.50 puts. With 143 days left on the trade, over 6,025 contracts traded, a 54-fold jump in volume from the prior open interest of 112. The buyer of the puts paid $0.25 to make the trade.
» FULL STORY | | | | |
| | • | Market Prepares for US Government Shutdown
Federal agencies will begin preparing for a government shutdown next week if Congress cannot come to a consensus on funding. Such government showdowns have occurred before, and historically these shutdowns have led to increased market volatility, but haven't left a permanent impact on the market over time. | | | | • | Treasury Yields Rise as Fed Inches Towards Easing
US Treasury yields are on the rise again, as prices are falling. Investors are looking toward the Federal Reserve tapering its monthly purchase of Treasury bonds before year-end. The 10-year yield is back three-month highs of 1.5 percent, a level that once sparked some market fears earlier in the year. | | | | • | Goldman Predicts Oil Hitting $90
Goldman Sachs (GS) has upped its prediction on oil prices, from $77 to $90 by the end of the year. That's based on a recovery in the sector, inflationary support, and limited production levels from major global producers continuing to point to a deficit between supply and demand. Typically, oil prices are weaker going into winter in the northern hemisphere, so this prediction bucks the seasonal trend. | | | | • | Instagram Shelves Kid's Version of App
Instagram has announced that it's pausing a version of the software designed for youths under 13. The move comes as the company, owned by Facebook (FB), has had research into social media services and their impact on anxiety and mental health issues, particularly in teenage girls. | | | | • | Google Moves to Overturn EU Antitrust Fine
Google (GOOG) has started its appeal of a $5 billion antitrust fine imposed by the EU back in 2018. The EU issued the fine on the ground that the company's Android operating system restricted competition from non-Android devices. | | |
| | | | TOP | | | XEC | 8.515% | | | | COG | 8.456% | | | | FANG | 7.552% | | | | OXY | 7.224% | | | | MRO | 6.226% | | | | BOTTOM | | | GRMN | 5.718% | | | | CRL | 5.582% | | | | MTD | 5.213% | | | | IQV | 5.157% | | | | TECH | 5.118% | | | | |
| | |  | | Getting closer to the holidays, we have been working with retailers and what we see is, No. 1, they've got to be flexible with their supply chain. We've seen cost-of-good increases especially in apparel, also costs of inbound shipping with the costs of containers, increases with transportation, trucking to get into distribution centers… Retailers right now are really challenged with how much can I pass onto the consumer vs. can I get other efficiencies out of my operations in order to hit my total margin. | | - Keith Jelinek, managing director at Berkeley Research Group, on why inflationary pressures are likely to remain, and why rising inflation could also start to impact corporate earnings, even during a strong holiday sales season. | |
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