Good Morning. I hope everyone had a chance to wish their fathers happy Father's Day over the weekend
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| |  Good morning. I hope everyone had a chance to wish their fathers happy Father's Day over the weekend. We can't always be with the one's we love, but hopefully you had an opportunity express your gratitude for all the sacrifice that's been made on your behalf. While I lost my father nearly four years ago, the things he taught me always come to mind. I am where I am today because of him.
Now here's the rest of the news: | | | | | |
| | |  | DOW 25,871.46 | -0.80% | | | | S&P 3,097.74 | -0.56% | | |  | NASDAQ 9,846.13 | +0.03% | | | | | *As of market close | | | • | Stocks fell on Friday, as COVID-19 concerns weigh on prices. | | | • | Oil rose 1.2%, as it finishes over 10% higher on the week. | | | • | Gold rose 1.33%, as it posts its second weekly climb. | | | • | Cryptocurrencies traded lower, with Bitcoin finishing 1.12% lower closing at $9305. | | | | | |
| | | 4 Software Companies with a Breakout Week | | | | Drilling down on top performing areas of the market, one area that really stood out was the Packaged Software industry. Software falls within the technology sector and the Technology services Industry group. For last week, Technology Services posted a gain of 4.29%, followed by Retail Trade with a 4.06% gain and Health Technology with a 3.95% gain. Within Technology Services, Packaged Software was the standout with a 5.19% weekly gain with I.T. Services coming next with a 3.77% gain.
» FULL STORY | | | | |
| | Option Traders See a Slippery Slope Ahead for Theme Parks | | | | With all of the drama and uncertainty surrounding the surge in COVID cases, a company like SeaWorld Entertainment, Inc (NYSE: SEAS) is also in jeopardy not reopening its California park any time soon. While the company has opened its Orlando park and San Antonio park, the increased scrutiny being born as the case count rises may even place those facilities in jeopardy or expanding the number of visitors. It's with this backdrop that the price action and option activity suggest near-term weakness for SEAS on Thursday.
» FULL STORY | | | | |
| | Insiders of this Recent IPO Load Up After Trading on Secondary Market | | | | Generation Bio Inc (NASDAQ: GBIO) is a biotech company that specializes in gene therapy treatments for rare diseases that just had its IPO on June 12. The IPO had planned to offer 10 million shares priced at $18 to $19. In the end, the company sold 10,526.316 shares at $19 per share. On June 16, there were over 3.6 million shares purchased at $19 by insiders totaling nearly $68.5 million in value.
» FULL STORY | | | | |
| | | | TOP | | | BMRN | 9.04% | | | | INCY | 8.258% | | | | REGN | 7.796% | | | | WBA | 5.122% | | | | VRTX | 5.043% | | | | BOTTOM | | | VTR | 9.022% | | | | WELL | 8.619% | | | | LB | 7.298% | | | | RCL | 6.875% | | | | UAL | 6.355% | | | | |
| | |  | | You've got these dueling forces with Fed stimulus and the consumer spending again on one side, and on the other side the resurgence (of COVID-19) in pockets of areas around the globe… Apple is the canary in the coalmine with respect to other businesses," Keator added. You'll start to see other businesses do similar things in some of the states where we're seeing the virus reemerge…(But) there's also a feeling that the Fed is acutely aware of what's going and will help where and when needed. | | - Matthew Keator, managing partner in the Keator Group, quoted by Reuters.  | |
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