Good morning. Treasury cash levels dropped from a peak of $1.8 trillion back in February to...
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.
| | Own shares in the company revolutionizing the $9.4B digital verification market. | | | | | Trust Stamp is using AI-powered identity and trust solutions that can keep your data and money safe by using your very own biology. By transforming your biometric data into a proprietary token called the IT2, Trust Stamp allows you to authenticate yourself without the need for sensitive passwords or other identifiers. In other words, you are the key. Reasons to Invest: - Nearly $3 million in gross revenue to-date
- Expanding relationships with customers including Mastercard
- Estimated $9.4B spend on digital verification by businesses in 2021
Learn more and invest in Trust Stamp right here. | | | | | | DOW 35,294.76 | +1.09% | | | | S&P 4,471.37 | +0.75% | | | | NASDAQ 14,897.34 | +0.50% | | | | *As of market close | | • | Stocks continued their rally on Friday, with markets posting their best week since July. | | • | Oil rose 1.72 percent, closing at $82.66 per barrel. | | • | Gold dropped 1.7 percent, last going for $1,768 per ounce. | | • | Cryptocurrencies moved higher, with Bitcoin at $61,343 going into the weekend. | | | | | | | | | | When a Rising Tide Lifts All Boats, Buy the Best Boat | | | | Investors have to pay up for quality. That tends to be worth it in time, as buying the best company in a sector can provide excess returns.
In the past few trading sessions, the biggest Wall Street banks have been reporting earnings. Most have beaten earnings, as well as provided a buoyant outlook and reduced loan loss reserves, a sign of long-term financial health. » FULL STORY | | | | | | Insider Trading Report: Riley Exploration Permian (REPX) | | | | Alvin Libin, a major owner at Riley Exploration Permian (REPX), recently added 7,500 shares. The buy increased his stake by 0.2 percent, and came to a total price of just over $187,000. This insider has been a buyer back in August with multiple buys back at a lower price than where shares trade today. Another major holder has also been a buyer over the past few months, with insiders picking up over 200,000 shares in that timeframe. » FULL STORY | | | | | | Unusual Options Activity: Lumen Technologies (LUMN) | | | | Shares of telecommunications company Lumen Technologies (LUMN) have risen about in-line with the overall market in the past year, but shares have been trending down in recent months. One trader sees the downtrend in shares continuing.
That's based on the December $12 puts. With 60 days until expiration, 5,020 contracts traded hands, a 35-fold rise in volume from the prior open interest of 142. The buyer of the puts paid $0.73.
» FULL STORY | | | | | | • | 40 Percent of Households Face Financial Difficulties Due to Pandemic
A recent survey shows that 40 percent of US households face financial difficulties over a year and a half since the start of the pandemic. 30 percent of households say their situation is worse, and nearly one in five report that the pandemic depleted their savings. For those earning under $50,000 per year, the number is as high as 60 percent. | | | | • | Deere Workers Go on Strike
About 10,000 workers have gone on strike against John Deere & Company (DE). The strike comes after the United Auto Workers union representing the workers had reached a tentative agreement on a six-year contract before about 90 percent of members rejected the deal and a new one couldn't be reached. | | | | • | McDonald's Unveils McPlant Burgers
Fast food giant McDonald's (MCD) has announced that some of its plant-based Beyond Beef burgers, dubbed McPlant burgers, will be available in eight select locations next month. The early-stage rollout could lead to further expansion in the months ahead. | | | | • | Coinbase Calls for Crypto Czar
Cryptocurrency brokerage firm Coinbase (COIN) has called upon Congress to create a cryptocurrency czar tasked with overseeing the industry. That could help cut through the current regulatory uncertainty, as Congress has yet to even establish a definition of what a digital asset even is within the framework of existing regulation. | | | | • | Virgin Galactic Delays Commercial Spaceflights to Q4 2022
Space tourism company Virgin Galactic (SPCE) has announced that it is delaying the start of its commercial space tourism company into the 4th quarter of 2022. That will allow the company time to refurbish and improve its carrier craft now, at a cost of delaying the next spaceflight. | | | | | | TOP | | JBHT | 8.68% | | | WFC | 6.82% | | | HAL | 4.94% | | | FLT | 4.31% | | | GNRC | 4.187% | | | BOTTOM | | WRK | 5.586% | | | DPZ | 4.676% | | | IP | 4.515% | | | PKG | 3.882% | | | WBA | 3.664% | | | | | | | | | The banks painted a strong and healthy picture of the US consumer. Wall Street can't turn negative on the economy after seeing reserve releases, moderating trading revenue, mixed loan growth, and a consumer willing to take on debt. | | - Edward Moya, senior market analyst at Oanda, on why last week's big-bank earnings point to an economic recovery and continued overall move higher in the stock market, even if such a move may be uneven. | | | | Own shares in the company revolutionizing the $9.4B digital verification market. | | | | | Trust Stamp is using AI-powered identity and trust solutions that can keep your data and money safe by using your very own biology. By transforming your biometric data into a proprietary token called the IT2, Trust Stamp allows you to authenticate yourself without the need for sensitive passwords or other identifiers. In other words, you are the key. Reasons to Invest: - Nearly $3 million in gross revenue to-date
- Expanding relationships with customers including Mastercard
- Estimated $9.4B spend on digital verification by businesses in 2021
Learn more and invest in Trust Stamp right here. | | |
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