Good morning. 14 months ago, an $8,000 bet was made on the Shiba Inu cryptocurrency (SHIB)...
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 35,730.48 | +0.68% | | | | S&P 4,596.41 | +0.98% | | | | NASDAQ 15,448.12 | +1.39% | | | | | *As of market close | | | • | Stocks roared higher on Thursday, with the Nasdaq hitting a new all-time high. | | | • | Oil rose 0.5 percent, closing at $83.11 per barrel. | | | • | Gold gained slightly, last going for $1,800 per ounce. | | | • | Cryptocurrencies trended higher, with Bitcoin at $61,671 at the stock market close. | | | | | | | |
| | | The Pandemic Permanently Thinned the Ranks of This Rare Type of Stock | | | | Studies have shown that as much as half of an investor's total return over a lifetime can come from receiving and reinvesting dividends. Combined with the timing of a trader, investors who buy into out-of-favor income stocks can lock in relatively high yields and see further capital gains.
The pandemic caused a number of companies to reduce or even cut dividends entirely. Some have brought them back, some haven't. The overall result? A fewer number of companies defined as dividend aristocrats.
» FULL STORY | | | | |
| | Insider Trading Report: Paramount Gold Nevada Corp (PZG) | | | | Christopher Reynolds, a director at Paramount Gold Nevada Corp (PZG), recently picked up 4,600 shares. The buy increased his stake by nearly 15 percent, and came to a total price of just under $4,000.
This marks the second insider buy this month, following a 2,000 share buy from another director back on October 1. Insiders have been buyers going further back over the past three years, with no insider sales.
» FULL STORY | | | | |
| | Unusual Options Activity: Pinterest (PINS) | | | | Shares of social media firm Pinterest (PINS) saw some volatility last week. The stock soared on a potential takeover rumor, only to drop a bit when the potential for a deal passed. One trader sees further upside to shares in the month ahead.
That's based on the November 19 $48 calls. With 21 days until expiration, 4,016 contracts traded against a prior open interest of 124, for a 32-fold rise in volume. The buyer of the calls paid $2.01.
» FULL STORY | | | | |
| | • | GDP Growth Slows to 2 Percent
The US economy slowed to a 2 percent annualized growth rate in the third quarter. That's the slowest rate since the start of the pandemic. The slowdown occurred thanks to declines in consumer spending and residential investment, two areas that have been running hot over the past year. | | | | • | Chip Shortage May Last Longer
The global computer chip shortage started about a year ago as demand surged for a number of key pieces of technology. Now, some buyers of chips are reporting that wait times for supplies continue to increase. A number of companies have already warned the shortage may last into 2023. | | | | • | US Buys 50 Million Child-Size Covid Vaccine Doses
The US has bought 50 million doses of the Covid-19 vaccine developed by Pfizer (PFE). The deal is happening just before the CDC will further discuss whether or not children should receive the vaccine. Children have had the lowest mortality rate to Covid. | | | | • | A Buyback Tax May Hit Stocks
Part of the latest tax plan may involve a 1 percent surcharge on companies undertaking stock buybacks. Based on the latest numbers, such a plan would raise as much as $5.6 billion in taxes annually, provided the tax didn't cause the current amount of stock buybacks from companies to slow down. The tax plan currently has an estimated $1.75 trillion price tag. | | | | • | Apple Launches Beta Privacy Report
Apple (AAPL) has launched the beta for its Privacy Report app. The app is designed to show you what your apps are up to in terms of data collection and what is being shared with third parties. The app is available through the iOS 15 update, and should be available to the general public following the beta. | | |
| | | | TOP | | | AOS | 10.911% | | | | TER | 10.823% | | | | BMRN | 8.91% | | | | F | 8.188% | | | | NLSN | 6.617% | | | | BOTTOM | | | EBAY | 7.198% | | | | TFX | 6.244% | | | | MO | 6.072% | | | | RE | 5.058% | | | | NEM | 4.858% | | | | |
| | |  | | Earnings have helped and a reminder that US reporting so far has been better than the long-term average in terms of beats. It has still been healthier relative to some of the stagflationary gloom stories seen through September and early October which has perhaps helped the relief rally. | | - Jim Reid, head of thematic research at Deutsche Bank, on why the overall earnings picture has been great for stocks, helping push the market back to all-time highs, despite a few high-profile misses. | |
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