↗ Markets Continue Gains Despite Soft Jobs Numbers

Good morning. Every year, companies face shareholders during annual meetings. As many executives will also take questions from shareholders, it can often garner media attention as well.

Good morning. Every year, companies face shareholders during annual meetings. As many executives will also take questions from shareholders, it can often garner media attention as well. It's usually dry and non-political. But that's changing. At this year's annual meeting, Wal-Mart got to listen to Vermont senator and avowed socialist Bernie Sanders make the pitch for paying its workers $15 an hour. Considering that Wal-Mart in particular has been in favor of higher minimum wages in the past—they can afford them while mom-n'-pop retail operations can't—the senator should have done some basic research before attending. Federal minimum wage is $7.25 an hour. Wal-Mart starts payment at $11.00. Was this email forwarded to you? Get your own! Sign up here. MARKETS DOW 30, 25,539.57 +207.39%   S&P 2,826.15 +22.88%   NASDAQ 7,575.48 +2.65%   *As of market close • Stocks continued higher with all quiet on the trade war front and the bullish news Tuesday that the Fed may cut rates to support the economy, should it weaken, despite soft jobs numbers.   • Oil inventories continued to show a rise, reflecting higher production, lower demand, and a potential sign of weakness in the economy. Today's TOP TIPS Markets Continue Gains Despite Soft Jobs Numbers Unemployment fell to 3.6 percent, but jobs growth was slower than expected. Markets continued higher on Wednesday, adding to their gains from Tuesday. However, economic news was far from good. Payroll data came in weaker than expected, showing that the economy could be slowing down. Given the low rate of unemployment right now, however, slowing job growth could simply reflect an economy running at full speed. That kept stocks from selling off despite the headline payroll data. » FULL STORY SPONSORED CONTENT The No. 1 Pot Stock of 2019 Is Set to Be Bigger Than Cronos, Canopy Growth and Tilray - COMBINED! And right now, you can get in for less than $3. Check out the details here. Oil Prices Slump on Inventory Build Oil prices continue sliding into summer driving season. Crude oil prices dropped to five-month lows on Wednesday. This followed a report from the EIA showing that oil inventories rose more than expected last week. In total, inventories rose by 6.8 million barrels, compared to expectations for a 900,000 barrel decline. This build in inventory was in line with data released on Tuesday from the API, which also showed a rise in stockpiles. Oil prices tend to reflect energy demand. An inventory build suggests lower demand and a potential danger to the economy. » FULL STORY Insider Activity: American Airlines (AAL) Half a dozen insiders get bullish on American Airlines this week. Six different insiders bought near the recent market bottom for American Airlines (AAL). From the Chairman and CEO, to the company President to several Executive Vice Presidents, over $2.4 million in shares were bought by insiders on Tuesday, just before shares started rallying. The largest buy came from CEO Douglas Parker, who bought 50,000 shares, spending over $1.4 million alone. Based on the price he paid per share, he fared the worst among insiders so far. » FULL STORY Unusual Options Activity: Target (TGT) Traders make a big bet on Target shares rallying into the fall. At least one trader is betting on a big rally in retailer Target (TGT). On Wednesday, a large number of contracts traded on a September $95 call option. With shares trading around $86, this represents a bet that shares will move up at least 10 percent over the summer. The option contract had over 10,000 trades, against an open interest of 104. » FULL STORY IN OTHER NEWS   • In another potential escalation of the trade war, China rules that Ford Motors is running a monopoly.     • U.S. and Mexican officials meet to discuss trade ahead of new tariffs next week.     • SEC officials are set to unveil a new regulation requiring brokers to disclose more conflicts of interest.     • Despite a rise in sales, pot stocks remain in a slump this year.     • Amazon CEO Jeff Bezos closes an $80 million deal on three condos in NYC.     • Besides Quest Diagnostics, medical test firm LabCorp also reports that it was hacked.     • In an effort to protect privacy by third parties, China unveils higher data security standards.     • Taking an opposite tack on privacy, Russia tells Tinder to share data with its spy agencies.     • Peloton, a manufacturer of high-tech exercise equipment, files for an IPO.     • In earnings news, Five Below beats on earnings and expectations.   S&P 500 MOVERS TOP CPB 10.024%   CRM 5.059%   BF.B 4.817%   MSCI 4.301%   UAA 4.292%   BOTTOM XEC 5.382%   OXY 4.548%   HAL 3.506%   NOV 3.471%   NCLH 3.465%   Top Rated Technology Stocks 1. EGAN: eGain Communications Corp. 97 2. AMSC: American Superconductor Corporation 94 3. NICE: NICE-Systems Limited 92 4. HMNY: Helios and Matheson Analytics Inc 92 5. NXPI: NXP Semiconductors N.V. 82 Quote of the Day US employment is at a high, the labour market is tightening, there is minimal real inflation and the stock market is off to the races because the Fed says its ready to ease if trade tensions impact the stock market economy. In 35 years of markets, this is perhaps the stupidest moment I've ever seen. - Shard Capital strategist Bill Blain SPONSORED CONTENT Retire Rich on One Stock! Virginia stock-picking millionaire says, Forget diversification! Buy one single $3 stock - that trades under a secret name - and you could retire rich. His instructions are here.   Not sure the best way to get started? 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