🚶 Tech Walks Off the Crash

Good morning. The Nasdaq added to its prior weekly gains on Thursday. The tech-heavy index has.. 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. The Nasdaq added to its prior weekly gains on Thursday. The tech-heavy index has now recovered about half of its recent decline. The move comes as Washington approved a $1.9 trillion stimulus plan, and as 10-year bond rates came down slightly from their recent spike higher. Market drops aren’t unusual, and neither is a recovery. The question is where stocks will go from here. If history is any guide, this recent selloff will simply look like one of the market’s more random fluctuations, although prices may bounce around until the market finds a reason to definitively move higher. Are tech stocks heading back up? About to drop again? Or are they now in a sideways trend? Hit reply and share your thoughts. Now here's the rest of the news: Sponsored Content ["Tesla Killer" Stock Set to Skyrocket 1,000 Times Over]( My friends complain all the time about charging their Teslas. It takes hours. Imagine their surprise when I told them about a [brand-new green technology]( that charges in less than five minutes! It lasts hundreds of miles longer, is cheaper than batteries and can charge forever. And best of all, the tiny little-known stock behind it trades for only a few bucks. [Click HERE for the full story.]( MARKETS DOW 32,485.59 +0.58% S&P 3,939.27 +1.04% NASDAQ 13,398.67 +2.52% *As of market close • Stocks pushed higher on Thursday, with the Nasdaq roaring higher. • Oil rose 2.6 percent, last trading at $66.10. • Gold traded flat, at $1,722 per ounce. • Cryptocurrencies traded mixed, with Bitcoin up again to $57,534. Today’s TOP TIPS [This Overlooked Software Play is Set to Reward Investors]( Tech stocks may be off their lows, but traders aren’t quite ready to embrace the space quite yet. That’s resulted in a few relative bargains. Especially when a company is capable of posting massive growth right now. That’s the case with Oracle (ORCL). The software giant has been shifting to a subscription revenue model, which has made for stronger and more consistent earnings. Profits are now up 20 percent compared to a year ago. » [FULL STORY]( [Insider Trading Report: Gold Resource Corp (GORO)]( Alex Morrison, a director at Gold Resource Corp (GORO), just picked up 17,900 shares. The buy increased his stake to over 51,500 shares in total, and came to a total cost of just over $47,000. This marks the first insider buy at the company this year. Insiders have been both buyers and sellers over the past few years, with company insiders generally having the edge over sellers. » [FULL STORY]( [Unusual Options Activity: DraftKings (DKNG)]( Sports gambling firm DraftKings (DKNG) saw shares soar higher following a positive investor’s day presentation. One trader is betting on a further move even higher. That’s based on the August $90 calls. With 160 days until expiration, and with shares near $70, the option would move in-the-money if shares moved about $20 higher. Over 16,300 contracts traded, a 37-fold rise over the prior interest of 435 contracts. » [FULL STORY]( IN OTHER NEWS • [Rising Mortgage Rates May Curb Refinancing Boom]( The Mortgage Bankers Association reports that refinancing volume has dropped in recent weeks. The news comes as rising interest rates have pushed mortgage rates higher. Volumes were down 43 percent for the first week in March compared to the same week a year ago. A refinancing boom has allowed homeowners to lower costs or cash out equity during the pandemic. • [China Sets Low GDP Target]( China set a GDP target of just 6 percent, low for the fast-growing country. That comes as the country has hinted that it may reduce support for markets following the end to the pandemic. The concern over a slowdown in stimulus has led to a drop in Chinese stocks. However, like U.S. stocks, markets have been running hot in recent months. • [Lithium Prices Soar on Electric Vehicle Demand]( Since the start of the year, lithium prices are up 68 percent. The culprit? Demand for the metal used in batteries for electric vehicles is strong. Meanwhile, new supplies are looking hard to find, following a glut of the metal in 2018 as new mines came online. With electric vehicles starting to replace fossil fuel vehicles on the road, higher prices are likely to continue into the future. • [Zillow and Trulia Hit with Antitrust Suit]( Zillow and Trulia Hit with Antitrust Suit Real estate site Trulia and Zillow (Z) (both owned by Zillow) are being sued thanks to a change in how listings are viewed on their site. As some real estate agents charge less than the full six percent, the claim is that listings from these agents are less likely to be seen than full-commission ones. Zillow states that the claims are without merit and they will defend themselves. • [Facebook Challenges FTC’s Antitrust Case]( Social media giant Facebook (FB) is fighting back against FTC monopoly charges. The company claims that the agency’s definition of monopoly is out of date and, arguably, doesn’t apply to the company. The biggest claim is that the company hasn’t had a monopoly, and has never been able to charge a monopoly price as a result. The argument is standard fare for big tech defending against such claims. S&P 500 MOVERS TOP MELI 9.419% FCX 8.735% ENPH 8.47% ETSY 7.24% TRIP 6.776% BOTTOM GE 7.396% ORCL 6.531% NVR 4.013% SEE 3.33% VZ 2.751% Quote of the Day We’ve got the pandemic winding down, a boatload of fiscal support coming and we’ve got a lot of folks who have pent up demand and a lot of savings that they’re going to unleash. Growth is going to be very, very strong – lots of jobs, falling unemployment [and] wage growth. - Moody’s Analytics economist Mark Zandi, on why job growth is likely to strengthen this year, potentially pushing inflation rates higher by the end of the year. Sponsored Content [Do You Have This Weird Tech on Your Phone?]( “What is that thing for?” my friend Dave asked when he saw my new iPhone 12 Pro. He was talking about the weird extra lens on the back. It has nothing to do with taking pictures... But it is the [key to a $350 billion tech revolution.]( And this technology will make today’s smartphones and computers obsolete by 2022. Let me show you what this lens does (it will blow your mind!) and why it holds the potential for up to 10,000% gains. [Click HERE for the full story.]( Not sure the best way to get started? 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