Good Morning. We just had to wait 90 years, but we finally did it. We finally posted the best 100..
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.
| | Good morning. We just had to wait 90 years, but we finally did it. We finally posted the best 100-day performance in nine decades. What an accomplishment? This rally has come at a huge cost to future growth potential as the economy is still waning. One big takeaway from this is that the market isn't as dependent on income and economic growth when the Fed can print trillions in a few months.
Now here's the rest of the news: | | | | | | | | | | DOW 25,734.97 | -0.30% | | | | S&P 3,115.86 | +0.50% | | | | NASDAQ 10,154.63 | +0.95% | | | | *As of market close | | • | Stocks rose yesterday, as Pfizer's vaccine trial sparks hope, and tech stocks hit new record. | | • | Oil rose 1.12%, as oil inventories post a surprisingly large draw. | | • | Gold fell 1.11%, , as virus hopes allay immediate fears of second wave. | | • | Cryptocurrencies traded higher, with Bitcoin finishing 1.63% higher and closing at $9335. | | | | | | | | 8 High Quality Companies with Upside Potential | | | | In the difficult economic environment that we're in that is full of uncertainty, considering "quality" companies is important. The term "quality" can be very subjective, and it isn't perfectly defined. However, there are specific things to consider that are generally defined as ways to find good companies. These areas are tied to a company's balance sheet, profitability, and consistency. » FULL STORY | | | | | | Insiders Went from Selling to Buying of this COVID-19 Vaccine Stock: Nantkwest Inc Stock (NASDAQ: NK) | | | | Nantkwest Inc (NASDAQ: NK) is a clinical stage immunotherapy company that uses the natural killer cell to treat cancer, infectious and inflammatory diseases. The company's affiliate, ImmunityBio, has been selected to participate in Operation Warp Speed that aims to produce an effective vaccine by January 2021. The Chairman and CEO Patrick Soon-Shiong is a 10% owner in the company and purchased 3.71 million shares on June 29 at $12.12. The total acquisition is worth over $44.9 million. » FULL STORY | | | | | | | TOP | | FDX | 11.724% | | | AMGN | 8.166% | | | NFLX | 6.725% | | | STZ | 6.248% | | | ABMD | 5.6558% | |
| BOTTOM | | LNC | 5.762% | | | CMA | 5.669% | | | FANG | 5.309% | |
| XLNX | 5.204% | | | AIG | 5.132% | | | | | | | | | I would say that I was not happy with him at the beginning. And I'm getting more and more happy with him. I think he's stepped up to the plate. He's done a good job…He's had to liquefy a little bit, let us liquefy, let the economy I mean put out that money that you need. | | - President Donald Trump, quoted by Reuters | | |
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