šŸ’£Market goes three of four…losing weeks

5 Retail Trade Companies Having a Breakout Week
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Good morning. I hope you had a great weekend. It's great to see people out and about, masked or not. I happen to live where things are opening up more quickly, and I have to tell you, it's a relief. The only problem is that what is true for one, is not true for the whole. The fallacy of composition across states is leading to a lot of uncertainty. That uncertainty is what's holding the bulls at bay.  There needs to be another bullish catalyst or the bears will want to come out of quarantine as well.
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Collapse of 2020: What's Coming Next Is Even Worse...
The destructive impact of the coronavirus has all but frozen commercial activity across the nation. Even as the pandemic recedes, we could see wave after wave of bankruptcies. And that's just the tip of the iceberg… Unless you prepare now, everything you've worked for all your life could be lost forever.

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MARKETS
DOW 23, 685.42 +0.25%
S&P 2,863.70 +0.39%
NASDAQ 9,014.56 +0.79%
*As of market close
Stocks rose yesterday, as it posted the third weekly decline in four weeks.
Oil rallied 6.81%, as it breaks $25 and closes in on $30.
Gold rose 0.76%, as it closed above recent highs near $1735
Cryptocurrencies traded lower, with Bitcoin finishing 4.42 % lower closing at $9295.

Today's TOP TIPS
5 Retail Trade Companies Having a Breakout Week

The S&P 500 has finished lower in three of the last four weeks, with last week's performance being on the weakest since the week of MARCH 30 and the biggest intraweek losses since the week of March 16.

The weakness in the broader market isn't necessarily being felt in all industries and certainly not in every stock. For the week, Health Services posted the best weekly performance at 1.73%, followed by Health Technology at 0.98% and Retail Trade at 0.89%.

» FULL STORY

China Better Watch Out, the Option Market is Coming for You
The rhetoric is heating up between the U.S. and China over the virus, Huawei, renegotiating the Phase 1 trade deal, and the halting of U.S. pension investment in Chinese companies. As all the news is swirling around and the potential impact on Chinese companies could be big. The option market has been taking notice and has made large bearish bets in the past couple weeks. The big bearish trades reemerged again on Friday.

» FULL STORY

This Company Claims the Prize for Insider Selling for Last Week
YETI Holdings, Inc (YETI) announced a secondary offering of 15 million shares priced at $28.20 a share. The offering was expected to have closed last week as well. The desire to raise capital came after the company posted earnings that beat analyst estimates. The company has beaten estimates for four quarters in a row. Based on insider trading data available for last week, YETI led optionable companies with over $384.26 million in insider trading value on 13.7 million shares.

» FULL STORY

IN OTHER NEWS
Dow rises slightly, but loses more than 2% on week
House aims to pass a $3 trillion coronavirus relief package Friday
NYSE owner declines comment on coronavirus stock probe as CEO's wife Sen. Loeffler gives documents to FBI
GDP could decline by 42% in the second quarter, according to the Atlanta Fed
Stocks Rise With Weak Data Set Aside; Oil Jumps: Markets Wrap
Norfolk Southern's stock falls to lead the Dow transports' losers after downbeat volumes outlook
U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation
Gold futures end at highest since mid-April, up 2.5% for the week
Trump says he isn't concerned about Abbott's coronavirus test as FDA probes accuracy
Shale Explorers Slash Drilling to Decade-Low to Weather Crash  

S&P 500 MOVERS
TOP
UAL 21.13%
EXPE 18.62%
NCLH 17.95%
LB 17.59%
ADS 17.42%
BOTTOM
CPD -4.84%
CTXS -4.66%
DPZ -3.07%
AMGN -2.92%
REGN -2.85%

Quote of the Day
There has been a very highly technical loophole through which Huawei has been in able, in effect, to use U.S. technology with foreign fab producers.
- Wilbur Ross, U.S. Commerce Secretary, quoted by Reuters

Sponsored Content
Collapse of 2020: What's Coming Next Is Even Worse...
The destructive impact of the coronavirus has all but frozen commercial activity across the nation. Even as the pandemic recedes, we could see wave after wave of bankruptcies. And that's just the tip of the iceberg… Unless you prepare now, everything you've worked for all your life could be lost forever.

Here's how to protect yourself and prosper.


 
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