Good Morning. The market finished last week on a high note as Gileadâs remdesivir trial data..
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[Trading Tips]
Good morning. The market finished last week on a high note as Gileadâs remdesivir trial data appeared to lift the spirits of aging bulls. While not a vaccine, the ability to treat patients and lessen the impact helps limit the stress on hospitals and will continue to lower the fatality rate. This is good news for the areas most greatly impacted by restrictions.
Now hereâs the rest of the news:
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MARKETS
DOW 26,075.30 +1.44%
S&P 3,185.04 +1.05%
NASDAQ 10,617.45 +0.66%
*As of market close
⢠Stocks rose yesterday, as Gileadâs remdesivir news.
⢠Oil rose 2.35%, as outlook for demand improves on COVID therapy.
⢠Gold fell 0.11%, as investors moved away from safety as the market advanced.
⢠Cryptocurrencies traded higher, with Bitcoin finishing 0.27% higher closing at $9280.
Todayâs TOP TIPS
[3 Stocks Setup to Make Big Moves](
Too often, people find themselves focusing on stocks that have already moved significantly for opportunities. Thereâs always the chance that they can keep moving and, in this market, it is something that has done well. However, with each advance the risk and reward relationship get more lopsided. You end up risking more for every dollar of potential gain with every advance. The focus of this post is to identify companies that are about to make big moves.
» [FULL STORY](
[The Options Market Just Put Up an Inflation Signal: iShares Barclays TIPS Bond ETF (NYSEARCA: TIP)](
The very first auction of Treasury Inflation-Protected Securities (TIPS) occurred in 1997. That was at a point where the Asian financial crisis and just before Lon-Term Capital Management went down. The Federal Reserve was about to ramp up its monetary printing, called the âFed Put.â One way to trade TIPS is through the iShares Barclays TIPS Bond ETF (NYSEARCA: TIP) and option traders have been making significant bullish bets the past two days.
» [FULL STORY](
[Insiders Signaling a Potential Trend Reversal: Switch Inc Stock (NYSE: SWCH)](
Switch Inc Stock (NYSE: SWCH) is an information technology services company to technology and digital media companies. The stock price had been rising quickly off its March low as it rallied from around $10.50 to over $19. However, since late April the company has been struggling to advance. The resulting range that has been forming has seen the price fluctuate between $17 to $19 may be indicating a reversal. As the price nears resistance, insiders have been selling shares over the past couple months.
» [FULL STORY](
IN OTHER NEWS
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[Wells Fargo names new head of mortgage](
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[Stock market news live updates: Stocks mostly lower after Nasdaq sets record high](
â¢
[Oil futures retreat from a 4-month high, pulling U.S. prices back below $40 a barrel](
â¢
[U.S. Supreme Court to weigh shareholder suit over Fannie Mae, Freddie Mac](
â¢
[PRECIOUS-Gold's rally loses steam as investors drift towards dollar](
⢠[TREASURIES-Yields fall as 30-year bond auction shows strong demand](
â¢
[Gold futures ease back from a 9-year high, but hold above $1,800 an ounce](
â¢
[New York Zoos and Aquarium Plan to Open this Month](
⢠[Hereâs what happened to the stock market on Thursday](
â¢
[U.S. recovery in limbo as retail traffic falls in virus hot spots](
S&P 500 MOVERS
TOP
CCL 10.837%
TSLA 10.785%
RCL 9.868%
MPC 8.546%
UAL 8.286%
BOTTOM
MHK 3.624%
SNPS 3.197%
REGN 3.086%
INCY 2.883%
PYPL 2.636%
Quote of the Day
A mismanaged health crisis across many states means short-term gains will transform into medium-term sluggishness as social distancing relaxation is reversed and virus fear lingersâ¦Itâs now evident that the economy is entering Q3 (third quarter) with much less momentum than previously anticipated.
- Gregory Daco, chief U.S. economist at Oxford Economics, quoted by Reuters
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