As the markets continue to churn higher, the performance of the S&P 500 has slowed as the..
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| | Good morning. I hope you all had a great long weekend and had an opportunity to visit family and become connected with loved ones that have passed on. The open on Tuesday looked so promising going into the cash open, but immediately started wilting and never regained its overnight footing.
It was a unique session in that tech behemoths were lower, and financials shined. As a result, it was a mixed picture on the S&P 500 as it finished 1.23% higher with the VIX also rising on the session.
Now here's the rest of the news: | | | | | | | | | | DOW 24,995.11 | +529.95 | | | | S&P 2,989.74 | +34.29 | | | | NASDAQ 9,340.22 | +15.64 | | | | *As of market close | | • | Stocks rose yesterday, as financials led the way on hopes of recovery. | | • | Oil rose 2.8%, as production cuts is reducing supply. | | • | Gold fell 1.71%, as its price was hammered lower throughout the session to just above $1700. | | • | Cryptocurrencies traded lower, with Bitcoin finishing 3.76 % lower closing at $8830. | | | | | | | | 3 Emerging Market Stocks Trading at Big Discounts | | | | As the markets continue to churn higher, the performance of the S&P 500 has slowed as the volatility has remained high. As a result, the market as a whole is maintaining its level of risk without the same reward and its performance is resting on the shoulders of fewer stocks. As a stock picker, it's important to find areas where the risk and reward proposition is more positive. One of the areas where this is best exhibited is with emerging markets. » FULL STORY | | | | | | Option Traders Begin Carrying a Torch for this Solar Company | | | | SunPower Corporation (SPWR) saw significant option volume on Tuesday that was 5 times the average, with most activity occurring on the call side. The volume was split evenly with nearly a third of volume occurring at the bid and ask. However, there was significant buying interest for this week's expiration on the 29 MAY 20 $7.5 call that traded over 10,000 contracts against an open interest of 719. » FULL STORY | | | | | | Insiders Adding Shares of this Motorcycle Company Just in Time for Summer | | | | In their recent shareholder meeting, Harley-Davidson Inc (HOG) discussed their COVID-19 response and business priorities. The big takeaway is the desire to become leaner, more liquid and focus on products that will sell. As a company is taking a new direction, it's good to see that management is on board, not just rhetorically but also with their money. After seeing mostly insider selling for virtually all of the past 7 years or more, there is finally some significant insider buying activity. » FULL STORY | | | | | | | TOP | | ADS | 17.527% | | | UAL | 16.299% | | | NCLH | 15.324% | | | RCL | 14.882% | | | AAL | 14.845% | | | BOTTOM | | TTWO | 7.338% | | | VRTX | 6.478% | | | NEM | 6.09% | | | DXCM | 5.789% | | | REGN | 4.334% | | | | | | | | | People have been locked up and when they see sparkles of hope like vaccines, that drives optimism probably ahead of where it should be and clearly ahead of the economy. | | Richard Steinberg, chief market strategist at the Colony Group, quoted by Reuters | | |
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