Good Morning. If you were told that we would enter the quarter in recession and see multiple..
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.If you were told that we would enter the quarter in recession and see multiple bankruptcies by large companies, around 20 million people on continuing unemployment claims nd myriads other data points that would typically be negative for equities would you have though the market would post a near record quarterly advance?
What if I told you that the Federal Reserve would have increased its balance sheet by $3 trillion? Would that have changed your mind?
Now here's the rest of the news: | | | | | | | | | | DOW 25,812.88 | +0.85% | | | | S&P 3,100.29 | +1.54% | | | | NASDAQ 10,058.77 | +1.87% | | | | *As of market close | | • | Stocks rose yesterday, with the S&P 500 posting its biggest quarterly advance since 1957. | | • | Oil rose 0.30%, as it continues to test $40. | | • | Gold rose 0.95%, as closes at the highest price since 2011. | | • | Cryptocurrencies traded lower, with Bitcoin finishing 0.05% lower closing at $9195. | | | | | | | | 4 COVID-19 Stocks for the 'Second Wave' | | | | You might be asking yourself, "what is a COVID-19 stock?" While there isn't a standard definition, it is generally a company that may benefit in terms of earnings or price performance by an increase in cases, hospitalizations, policies, closures, etc. The probably seems pretty broad and that's because it is. The focus of this article is on four companies that manufacture hospital beds, IV bags, do COVID-19 testing and make equipment that help with respiratory issues. » FULL STORY | | | | | | Option Traders Appear to Like ArcelorMittal SA Stock (NYSE: MT) Net Zero Plan | | | | ArcelorMittal SA Stock (NYSE: MT) is Europe's largest steelmaker and the company just unveiled technology that will reduce CO2 emissions by 30% by 2030. The company's path to carbon neutrality has two routes that they are investing in. As the trading range of the price keeps narrowing, the option activity began to indicate a potential directional bias on Tuesday. The option volume was about 33 times the average with the call volume coming in over 40 times the average. » FULL STORY | | | | | | Insiders are Buying Escalade, Inc Stock (NASDAQ: ESCA) and It's not Just for Sport | | | | Escalade, Inc (NASDAQ: ESCA) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The company was part of a group of companies that received money as part of the Federal Government's small-business loan program but was able to repay the $5.63 million government loan. While the company applied for the funds, they remain a well-capitalized company with relatively little debt and high cash levels. Since June 22, 2020, insiders have been accumulating shares. Cumulatively, 120,103 shares were purchased totaling $1.46 million. » FULL STORY | | | | | | | TOP | | CFG | 7.267% | | | XLNX | 6.992% | | | TSLA | 6.981% | | | HOLX | 6.882% | | | LULU | 6% | |
| BOTTOM | | BA | 5.754% | | | COTY | 5.696% | | | TAP | 2.993% | |
| LHX | 2.935% | | | LUV | 2.454% | | | | | | | | | There is a huge game of musical chairs going on here and that is really favoring the Nasdaq and it is really punishing the indices that have the megacap and very familiar names like Boeing." | | - Peter Kenny, founder, Kenny's Commentary LLC and Strategic Board Solutions LLC, quoted by Reuters | | |
No comments:
Post a Comment