🌞 Gone, but not forgotten

Memorial Day became an official holiday in 1971 but was originally known as Decoration Day and..
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Good morning. Memorial Day became an official holiday in 1971 but was originally known as Decoration Day and began following the Civil war. It began as communities organically began to offer remembrances of those that were lost.

One of the earliest such gatherings recorded was organized by a group of freed slaves in Charleston, South Carolina in 1865. This is a wonderful time to remember family members, visit grave sites and become reacquainted with our history.

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MARKETS
DOW 24,465.16 -8.96
S&P 2,952.57 +4.06
NASDAQ 9,324.59 +39.71 
*As of market close
Stocks rose Friday, as the S&P 500 held the $2950 level.
Oil fell 1.50%, as buyers came in to drive the price toward the highs as it approached $30.
Gold rose 0.73%, as gold continues its holding pattern just above $1700.
Cryptocurrencies traded higher, with Bitcoin finishing 0.72 % higher closing at $9140.

Today's TOP TIPS
3 Discount Retailers for the Impending Depression
The term depression may sound a little harsh, but the statistics are pointing that direction. The closures over the past couple months and the continued throttling of the economy is only going to keep any ability to truly normalize at bay. All the restrictions mean that fewer companies will make it and provides opportunity for the survivors as their market share increases.

» FULL STORY

Option Traders May Have Found a Whale of an Opportunity with this Theme Park
Seaworld Entertainment Inc (SEAS) is hoping to begin opening some Florida facilities in mid-June. On Friday, the option market started to pick up for SEAS. The option volume was over 3 times the average with over 50% of trades occurring at the ask or higher. There was significant buying on the ITM 29 MAY 20 $17 calls that traded around $1.

» FULL STORY

CEO Buys this Healthcare REIT Near 52-Week Lows
The GEO Group, Inc (GEO) CEO George C. Zoley currently owns 2.6 million shares. In May alone, he's added 254,850 shares in two different transactions at a price of $11.31 and $10.37. That amounts to a $2.88 million investment and a 10.8% increase in his holdings of GEO. He also added an additional 615,000 shares between February 24 and March 12, 2020.

» FULL STORY

IN OTHER NEWS

Stocks Close the Week Higher; Crude Oil Falls: Markets Wrap

Wall Street ends mixed as China-U.S. tensions weigh

Netflix's stock falls again, heads for longest losing streak in 3 months

All 50 U.S. states shed jobs in April: Labor Departmen

Facebook rallies toward longest win streak in 3 years, and 3rd-straight record close

American Tower REIT's stock surges to pace gains among its peers, after Oppenheimer turns bullish

Farmers Splurging on High-Tech Machines Eases Pain for Deere

Muni Bonds Set for Best Month Since 2009, Shaking Off Fiscal Hit

America's Shale Drillers Extend Their Retreat for a 10th Week

U.S. Treasury's New 20-Year Bond Is a Hit, Outperforming 30-Year


S&P 500 MOVERS
TOP
COTY  12.613%
AMT  6.254%
5.238%
AMBD  5.012%
LB  4.36%
BOTTOM
HPE  11.487%
WYNN  5.893%
STT  4.769%
VNO  4.476%
UA  4.156%

Quote of the Day
We still think COVID-19 concerns are in the driver's seat, but we could see U.S.-China relations move back into the front seat.
- Eric Freedman, chief investment officer at U.S. Bank Wealth Management, quoted by Reuters

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