↘️ The Dip’s Not Gonna Buy Itself

Good morning. Conventional wisdom is to buy the dip in the markets. Conventional wisdom can.. 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. [Trading Tips] Good morning. Conventional wisdom is to buy the dip in the markets. Conventional wisdom can sometimes be wrong, but in the case of the stock market, is usually right. Those who bought stocks last year after the market dropped 10 percent might have had to sit tight for a few months, but have been richly rewarded a year down the line. Those who waited for a 20 or 30 percent drop did even better, but such big drops in the market occur typically about once a decade on average. Enter Cathie Wood of Ark Investments. The tech investor spent last week’s more modest 7 percent drop in tech stocks as an excuse to buy some more shares. Her rationale? All stocks need a periodic “reality check” and investors who take advantage of short-term drops can be set up for long-term success. How much does the market have to drop before you start adding to your positions? Hit reply and let us know how you’re handling the increased volatility. Now here's the rest of the news: Sponsored Content [The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of]( Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. [Watch his 32-second options trading "training video" HERE.]( MARKETS DOW 31,390.47 -0.46% S&P 3,870.36 -0.81% NASDAQ 13,358.79 -1.69% *As of market close • Stocks dropped slightly on Tuesday, giving back some of Monday’s large gains. • Oil prices slid 1.7 percent, closing the day at $59.62. • Gold rallied 0.6 percent with the metal trading at $1,733 per ounce. • Cryptocurrencies dropped slightly, with Bitcoin last at $47,531. Today’s TOP TIPS [Retail Enters the Buy Range as Companies Continue to Pass on Guidance]( The latest retail company to report earnings has continued the trend of failing to report guidance. And that’s once again spooked the market into a selloff. With where stocks are at right now, the move has created some opportunities to buy near the lows of the year. The latest player? Target (TGT). The company earned $2.73 per share for the last quarter of 2020, a massive jump from the $1.65 per share in the fourth quarter of 2019. » [FULL STORY]( [Insider Trading Report: Cree Inc (CREE)]( Loan Le Duy, a director at Cree (CREE), recently bought 1,000 shares. The buy increased her stake by over 6 percent, and came to a total cost of just over $105,000. This marks the first insider buy at the company since late 2019. As with many tech names, insiders are generally sellers, although all insider activity over the past few years have been from directors, rather than C-suite executives. » [FULL STORY]( [Unusual Options Activity: Aurora Cannabis (ACB)]( Cannabis stocks surged in the first half of February, but sank in the second half of the month. At least one trader still sees an uptrend in the space, however. That’s based on the April $15 calls on Aurora Cannabis (ACB). Shares would need to move 27 percent higher for the trade to move in-the-money, suggesting a big move here. Over 6,475 options traded against a prior interest of 405, for a 16-fold rise in volume. » [FULL STORY]( IN OTHER NEWS • [Goldman Expects A Further 15% Rally in Commodities]( Goldman Sachs (GS) raised its outlook for the commodity space, expecting a further “reflation trade.” Loose monetary policy and a recovering global economy are likely to push prices higher for a number of goods. The bank specifically cited oil, metals, and grains as likely winners. With a 15 percent expected rally from here, the commodity space would likely end the year up about 30 percent, given its year-to-date move. • [China Warns on Asset Bubble]( A key policymaker in China warned that market valuations are reminiscent of a bubble. He further warned that global volatility could impact Chinese markets, as traders rush capital into the country looking for further profits. Local governments in China are likewise worried to the point where they’ve taken action to step back on spending there. • [Uber Spins Off Delivery Startup Serve Robotics]( Last year, Uber (UBER) acquired Postmates X, a robotics delivery company. Now, Uber is spinning of f the firm as an independent entity, Serve Robotics. The mobility robots are designed to deliver goods and services (starting with food) to their final destination, going places even self-driving cars might not be able to reach with sidewalk delivery. • [Rocket Mortgage Becomes Latest Short Squeeze Play]( Shares of Rocket Mortgage (RKT) took off yesterday, continuing with strong gains from Monday. The company has been increasingly popular among retail investors, noting that this play too has a large amount of short interest held by hedge funds. With nearly 40 percent of the stock’s float sold short, it may not have the squeeze potential of GameStop (GME), but shares are already on track for a stellar week. • [Real Estate Investors Focus on the Drive Thru]( Fast food companies have weathered the pandemic well, thanks to drive thrus, which already offer the ability to socially distance. Now, real estate investors are looking at these companies as well, given that the open-for-business operations are still bringing in sufficient cash flow to make rental payments. New products are being developed to focus just on this small aspect of the commercial real estate space. S&P 500 MOVERS TOP FOXA 9.083% FOX 9.967% NLSN 7.563% TRIP 6.667% CCL 4.865% BOTTOM ZM 9% ENPH 7.916% TGT 6.771% TER 5.373% TWTR 5.101% Quote of the Day Investors should expect moments of market indigestion as good news slows, but stick with the fundamentals: accommodative policy and improving earnings are good news for risk assets. - Lauren Goodwin, economist and portfolio strategist at New York Life Investments, on why the stock market’s recent gains may slow, but why investors should still expect the market to fare well in the months ahead. Sponsored Content [Man Gets Into a Tesla… What Happens Next Will Shock Everyone (Video)]( "Hi, I'm Jeff Brown… I'm about to get in this Tesla and drive up to a location just a few miles from here to show you Elon Musk's next big project… What happens next will shock you…" [Click HERE to see what happened.]( 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 Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( 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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