🙁How Bad Is the Contagion from Evergrande?🙁

Good morning. Chinese markets finally opened today after two days of... 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. Chinese markets finally opened today after two days of holidays. The time off couldn’t have come at a worse time, given the deteriorating situation at Evergrande. News came out that the property developer missed two debt payments on Monday, sparking even more concern that this could be China’s “Lehman Brothers Moment.” When a company goes under, the real question is how interconnected it is to other companies, particularly banks. Should a bank end up going under or needing a bailout thanks to the collapse of Evergrande, it’s possible that the fear in the markets of the past few days will continue. Eventually, China will likely step in at some point, but it’s a question of how far things will go first. Continue to expect volatility, with some bigger intra-day swings in the market as well. Now here's the rest of the news: Sponsored Content [Urgent New Crypto Alert – BUY BUY]( Silicon Valley millionaire Jeff Brown called it in 2014, when he first bought Bitcoin. In 2015, he called it again, when he publicly recommended Bitcoin at $240... In 2016, he recommended Nvidia at $25... before it hit $799... and he predicted the #1 returning tech stock in 4 years out of 5... In 2017, he called it again – when he recommended Bitcoin again along with two other cryptocurrencies, which have since soared as high as 924.3%... Now he believes THIS could be his most profitable public recommendation to date! [Click here for the full details on his urgent new buy alert before it expires.]( MARKETS DOW 33,922.54 -0.14% S&P 4,354.15 -0.08% NASDAQ 14,746.40 +0.22% *As of market close • Stocks had a choppy trading session Tuesday, with mixed results overall. • Oil rose 0.3 percent, closing at $70.51 per barrel. • Gold rose 0.7 percent, last going for $1,775 per ounce. • Cryptocurrencies continued declining, with Bitcoin at $42,074 at the stock market close. Today’s TOP TIPS [A Buying Opportunity Emerges as This Long-Term Trend Takes a Breather]( The real estate market has started to show some signs of slowing down. Homebuilding stocks, which delivered big returns while home prices were rising, have started trending lower in recent sessions. It also doesn’t help that a number of homebuilding firms have now started to lower sales forecasts as well. While supply and labor issues are part of the problem in the short-term, it’s likely that today’s sales trends will rebound in the months to come. » [FULL STORY]( [Insider Trading Report: Enterprise Products Partners (EPD)]( AJ Teague, Co-CEO of Enterprise Products Partners LP (EPD), recently picked up 23,300 shares. The buy increased his stake by just over 1 percent, and came to a total cost of just under $499,000. This adds to other insider buying so far this year, at prices near where shares currently trade. That includes a 10,000 share buy from a director in just the prior week, at a cost of just over $222,000. » [FULL STORY]( [Unusual Options Activity: Gilead Sciences (GILD)]( Shares of biotech firm Gilead Sciences (GILD) have been trending slightly higher in the past year. One trader sees the opportunity for shares to move higher in the months ahead. That’s based on the June $75 calls. With 268 days until expiration, over 30,430 contacts traded against ta prior open interest of 1,121, for a 29-fold jump in volume. The buyer of the calls paid $4.80 to make the trade. » [FULL STORY]( IN OTHER NEWS • [J&J Reports on Booster Shot]( Johnson & Johnson (JNJ) reported that a booster shot given two months after the initial shot offers 75% protection against moderate to severe Covid in a global study, and 94% protection in the US. The company reiterates that the vaccine remains effective without a booster. Johnson and Johnson currently offers the only Covid vaccine that needs only 1 shot, not two. • [Google Expands Presence in Manhattan]( Google has made a $2.1 billion purchase on the West Side of Manhattan. The company, owned by Alphabet (GOOG) states that the new office building will be an anchor for the regional workforce, totaling 12,000. The company is still embracing a hybrid work model, with some time in the office and some time working remotely. • [DraftKings Makes $20 Billion Offer for Entain]( Digital sports betting firm DraftKings (DKNG) is making a $20 billion offer to buy Entain. Entain is a UK-based online sports betting company. Entain rejected an offer earlier in the year from MGM Resorts (MGM) valued at $11 billion. Entain’s current market cap is closer to $18 billion, making the offer a slight premium. • [Apple Improving Facial Recognition Patterns in iPhone]( Apple (AAPL) is working on facial recognition technology for its iPhone. The technology would help diagnose depression and cognitive decline via sensor data using facial patterns, but also data such as sleep patterns and physical activity. The software greatly expands the size of the company’s health tracking software. • [MarketFinance Raises $383 Million]( MarketFinance, a UK-based online loan platform, has raised $383 million in recent funding. The funding is a mix of debt and equity. The money will be used to grow the business, which has built a platform allowing small and medium businesses (SMBs) to acquire cash when needed. S&P 500 MOVERS TOP COP 3.96% AZO 3.653% TWTR 3.003% USB 2.55% MRNA 2.53% BOTTOM LVS 5.572% PENN 4.389% DIS 4.166% ATVI 4.135% WYNN 4.068% Quote of the Day The market sell-off that escalated overnight we believe is primarily driven by technical selling flows (CTAs and option hedgers) in an environment of poor liquidity, and overreaction of discretionary traders to perceived risks… our fundamental thesis remains unchanged, and we see the sell-off as an opportunity to buy the dip. - Marko Kolanovic, analyst on JP Morgan, on the market selloff Monday and why it likely represents a longer-term buying opportunity for US investors with a longer-term view. Sponsored Content [Urgent New Crypto Alert – BUY BUY]( Silicon Valley millionaire Jeff Brown called it in 2014, when he first bought Bitcoin. In 2015, he called it again, when he publicly recommended Bitcoin at $240... In 2016, he recommended Nvidia at $25... before it hit $799... and he predicted the #1 returning tech stock in 4 years out of 5... In 2017, he called it again – when he recommended Bitcoin again along with two other cryptocurrencies, which have since soared as high as 924.3%... Now he believes THIS could be his most profitable public recommendation to date! [Click here for the full details on his urgent new buy alert before it expires.]( Not sure the best way to get started? 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