👆 Materials stocks post weekly gains as Energy and technology fade

Good Morning. Coming off a holiday-shortened week, the stock market had plenty of drama for..

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.

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Good morning. Coming off a holiday-shortened week, the stock market had plenty of drama for investors. As you look at the sector performance of the S&P 500, it was Materials that posted the only weekly gain, followed by Industrials and Utilities. That's quite an unusual grouping on the down week. At the bottom of the sector list was Energy, Technology and Communication which all lost over 5% on the week. If the market can find its bullish footing next week, it will be interesting to see if Utilities and Staples moves up the list or will it be Technology and Communications. Now heres the rest of the news: Sponsored Content NEW: Top 6 Stocks to Buy Now He found Apple at $1.49… Oracle at $0.51… Amazon at $46. Marketwatch call him "The Advisor Who Recommended Google Before Anyone Else." Now, investing legend Louis Navellier is revealing his Top 6 Stocks to Buy Now. Download your FREE copy here. MARKETS DOW 27,665.64 +0.48% S&P 3,340.37 +0.05% NASDAQ 10,853.55 -0.60% *As of market close • Stocks fell on Friday, as the S&P 500 posts second consecutive weekly decline. • Oil rose 0.03%, as it posts its first two-week decline since mid-March. • Gold fell 0.78%, but finished the week higher compared to last week's close. • Cryptocurrencies traded higher, with Bitcoin trading 0.29% higher, closing at $10,345. Today's TOP TIPS 4 Materials Stocks That are Bucking the Trend of the Market The S&P 500 continued its uncertain ways last week as technology shares struggled to find any footing. While the bearishness was the story of the week for most of the market, that wasn't true for all of the market. Thursday and Friday saw buyers in the materials space perk up and was the only S&P 500 sector to finish in the green for the week. By Friday, it was the Construction Materials along with Metals and Mining that shined. » FULL STORY Option Traders Just Made a Big Bearish Bet on Chinese Stocks As stocks struggled to end the week in the green, it is leading investors to try to figure out where the market will be at the end of the year. As investors are looking around, trades are being made based on these expectations. For the Chinese equity markets some answers are coming in based on Friday's option activity. The iShares China Large-Cap ETF (NYSEARCA: FXI) saw a surge in put option activity that is anticipating FXI will test its march low by the beginning of 2021. » FULL STORY Microsoft On Pace for Big Month of Insider Selling With the month of September only half-way through, Microsoft Corporation (NASDAQ: MSFT) is on pace for a big month of insider selling. Looking back over the past three years, Microsoft is pacing to have its biggest month in terms of sale transactions and selling volume by insiders. The selling comes at an interesting time as the tech rally fades and investors are left wondering if there is a bigger pull-back in store. » FULL STORY IN OTHER NEWS • U.S. Tech Stocks Decline in Worst Week Since March: Markets Wrap • Stock market news live updates: Nasdaq posts worst weekly loss since March as tech stocks extend declines • Nikola threatens Hindenburg with litigation, short-seller 'welcomes it' • Dow ends higher but Wall Street posts second straight weekly drop on tech slide • Kroger projects 50% profit growth as digital sales boom during coronavirus • Oil ends lower for second week as stockpiles rise, demand weakens • JPMorgan creates new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb • Instagram CEO says Apple has 'an immense amount of power' as app makers worry over impending iPhone software update   • UBS doubles price target for Tesla stock as Battery Day innovations materialize   S&P 500 MOVERS TOP HII 6.943% UAA 5.4% HWM 4.829% LYB 4.751% UA 4.43% BOTTOM NLOK 5.964% M 4.73% COTY 4.098% KIM 3.875% PAYC 3.63% Quote of the Day You have to take (the data) with a grain of salt, because there's a lot of dislocation that's going on because of the virus and the lockdown…The last three consumer price index numbers were stronger than expected, and I think that it's interesting that in spite of that, the 10-year is still sitting right around 0.67%. - Lou Brien, a market strategist at DRW Trading, quoted by Reuters Sponsored Content 5 Tech Stocks to Buy Immediately Eric Fry has identified five stocks that are growing fast... and gaining momentum. These hot tech companies will be booming for a long time. Don't miss out. Download this hot-off-the-presses research report now. It's yours FREE.   Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks   › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow   › Step #3 - Connect With The Community: Trading Tips Official Facebook Group   Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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