Thursday, September 2, 2021

😨Will World War 3 Be Fought Over this Tech?😨

Good morning. The United States was brought into World War II after...
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.

Good morning. The United States was brought into World War II after the Japanese bombed Pearl Harbor. But that move occurred months after the US, a major oil exporter at the time, cut off supplies to Japan. The next shooting war may also start off over a battle for resources. In this case, the most likely resource to be fought over is semiconductor chips.

disproportionate amount of global production occurs in Taiwan, an island that mainland China views as its own. With the US withdrawal from Afghanistan being executed poorly, some see a conflict between Taiwan and China as the next geopolitical flare-up. If so, a quick takeover of Taiwan by China would put it in a position to dominate tech production until more facilities are built in friendlier areas.

Now here's the rest of the news:

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MARKETS
DOW 35,313.19 +0.13%
S&P 4,524.13 +0.03%
NASDAQ 15,309.38 +0.33%
*As of market close
Stocks traded mixed on Wednesday, with a slight loss for the Dow.
Oil dropped 0.3 percent, closing at $68.33 per barrel.
Gold declined 0.1 percent, last going for $1,817 per ounce.
Cryptocurrencies generally rose, with Bitcoin at $48,184 at the stock market close.

Today's TOP TIPS
Investor Knee-Jerk Reactions Create Buying Opportunities

Some investors are a nervous bunch. They're always looking for a reason to sell off shares. They can be human, or simply algorithms looking for trading opportunities based on negative headlines.

The latter may have recently prevailed, when a high-end semiconductor firm saw its shares drop 5 percent on a day. The reason? Some company insiders sold shares. Never mind that most tech executives are given shares for performance, and have many reasons to sell.

» FULL STORY


Insider Trading Report: FMC Corporation (FMC)
Carol Davidson, a director at FMC Corporation (FMC), recently picked up 1,500 shares. The buy increased her stake by nearly 50 percent, and came to a total purchase price of just over $140,000.

She was joined by the company CEO, who bought shares last week, picking up 1,1100 shares at a price of nearly $100,000. This marks the first insider buy at the company since late 2018. Otherwise, company insiders have been steady sellers of shares.

» FULL STORY

Unusual Options Activity: Vinco Ventures (BBIG)
Shares of product research company Vinco Ventures (BBIG) have quadrupled in recent sessions. One trader sees the possibility for a surge even higher.

That's based on the October $20 calls. Over 10,173 contracts traded against a prior open interest of 111, for a 92-fold jump in volume. The buyer of the calls paid about $1.33 to make the trade.

» FULL STORY

IN OTHER NEWS
Latest Jobs Report Misses Expectations

Private payroll provider ADP (ADP) reported that 374,000 jobs were added last month. That's far less than the 600,000 expected by economists. July's initial 330,000 read was also revised lower to 326,000. The slowing recovery of the job market in recent months could weigh on the economy, although it's also possible the slowdown is seasonal and that trends toward the end of the year will accelerate.
Mortgage Finance Demand Drops

Applications to refinance a home dropped 4 percent last month, more than offsetting a 1 percent rise in applications to finance the purchase of a home. That may indicate that the housing market is still strong, but that many who wish to refinance their mortgages have already done so.
Retails Beef Up Measures to Combat Theft

Organized rings sealing from stores in bulk is leading to a $45 billion annual business for the thieves. Companies are beefing up their security to offset in-store thefts of goods on a large scale that end up being resold online.
Walmart Looks to Hire 20,000 Supply Chain Workers

Retail giant Walmart (WMT) is looking to hire 20,000 workers, primarily in its fulfillment and distribution centers. The jobs are permanent, with a mix of full-time and part-time roles. The hiring demonstrates the company's push into online sales and home deliveries as a way of better competing with others in the retail space.
Google to Appeal French Copyright Fine

Tech giant Alphabet (GOOG) is appealing a $592 million fine given to its Google division by France in July. The fine was given by the country's competition authority on how the company paid news publishers for content reuse. The company is characterizing the fine as "disproportionate."

S&P 500 MOVERS
TOP
PVH 14.372%
BIDU 5.369%
TCOM 3.864%
KSU 3.7%
BFB 3.66%
BOTTOM
ABBV 7.516%
DXC 5.052%
WFC 4.694%
DVN 4.336%
MRO 4.17%

Quote of the Day
Although this bull market has laughed at nearly all the worry signs in 2021, let's not forget that September is historically the worst month of the year for stocks. Even last year, in the face of a huge rally off the March 2020 lows, we saw a nearly 10% correction in the middle of September.
- LPL Financial Chief Market Strategist Ryan Detrick, reinforcing a point we've made about the market's seasonal weakness over the past few days, and that it doesn't signify the end of the market rally.

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