Good morning. The stock market has a number of seasonal patterns to it. While it's well-known...
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 35,458.37 | +0.57% | | | | S&P 4,519.76 | +0.74% | | | | NASDAQ 15,129.09 | +0.71% | | | | *As of market close | | • | Stocks closed higher on Tuesday, with all three indices showing strong gains. | | • | Oil rose 0.5 percent, closing at $82.88 per barrel. | | • | Gold rallied 0.3 percent, last going for $1,770 per ounce. | | • | Cryptocurrencies moved higher, with Bitcoin at $63,957, just under its prior all-time high. | | | | | | | | | | The SEC's Retail Report Leaves Out this One Key Detail that Creates an Opportunity | | | | After a failure to deliver on time, the SEC finally released a report on January's "meme stock" activity in the market, primarily centered around the explosive move higher in GameStop (GME). The report came out with a statement that the regulator will try and use the event as a way to ensure markets remain fair for the little guy.
But what's more important is what didn't make the headline of the report. » FULL STORY | | | | | | Insider Trading Report: Owens & Minor (OMI) | | | | Robert Henkel, a director at Owens & Minor (OMI), recently picked up 1,000 additional shares. The buy increased his stake by over 4 percent, and came to a total purchase price of just over $33,000.
The director has previously been a buyer in September, and in May, also in increments of 1,000 shares. Over the past three years, sellers have exceeded buyers, particularly in the past year as shares rallied before coming down in recent weeks. » FULL STORY | | | | | | Unusual Options Activity: Faraday Future Electric (FFIE) | | | | Shares of electric vehicle manufacturer Faraday Future Electric (FFIE) have been trending down for several months. However, one trader sees a strong rebound in the coming months.
That's based on the December $10 calls. With 58 days until expiration, over 10,930 contracts traded, a 70-fold jump in volume from the prior open interest of 156 contracts. The buyer of the calls paid $0.70 for the trade.
» FULL STORY | | | | | | • | Housing Starts and Permits Decline
Supply chain constraints continue to impact the housing market, with new permits and housing starts declining in September. The latest data shows a 1.6 percent seasonally-adjusted drop in starts, and a 7.7 percent seasonally-adjusted drop in permits. Housing supply still remains tight, and construction still remains higher compared to pre-pandemic levels. | | | | • | P&G Warns on Rising Prices for Consumer Staples
Procter & Gamble (PG) has joined a number of companies announcing price hikes recently. The company states that the rising costs of both materials and freight charges have risen more than expected, and price hikes for many consumer goods are likely to continue. | | | | • | Southwest Drops Unpaid Leave Plan for Unvaccinated Employees
Southwest Airlines (LUV) is dropping a plan that would require unvaccinated employees with pending exemptions to take unpaid leave starting December 8. As a federal contractor, the airline is subject to a Biden administration order for employees to be vaccinated, or have an exemption for medical or religious reasons. | | | | • | Zillow Slows Down Homebuying Plans
Zillow Group (Z) has announced that it will not contract to buy any more homes in 2021 as it works its way through a backlog of inventory it has already purchased through its iBuying program. The company been buying homes, making some cosmetic improvements, and reselling at a higher price, and can't find materials or labor to resell at the speed they initially hoped. | | | | • | Toyota To Invest $3.4 Billion for EV Battery Production in the US
Toyota Motors (TM) is investing $3.4 billion to improve its battery development and production in the United States. The investment will occur over the rest of the decade, and includes a plan for a $1.3 billion EV battery plant. This is part of a global $13.5 billion plan by the company to increase its electric vehicle production. | | | | | | TOP | | PENN | 5.226% | | | BIDU | 4.654% | | | D | 4.53% | | | ENPH | 3.94% | | | EW | 3.52% | | | BOTTOM | | ULTA | 10.582% | | | M | 6.124% | | | WU | 5.261% | | | CCL | 3.416% | | | MAR | 2.632% | | | | | | | | | The financials got earnings season off to another strong start, but let's be honest, COVID and supply chain issues aren't going to impact this group. Now it gets very interesting to see what other industries will have to say about the health of the economic recovery. | | - Ryan Detrick, chief market strategist at LPL Financial, on why earnings season may surprise even after some solid readings from the big banks last week. | | | | 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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