| | Good morning. One sign of the economy's health is the unemployment rate, which remains near historic lows of just 3.7 percent. Another is the total number of vacant homes and condos.
About 1.6 percent of the nation's housing lies vacant, according to Attom Data Solutions. This is about 1.53 million homes, including about 300,000 homes that have been abandoned following a foreclosure notice in recent months. That's after 2018 posted a 13-year low for foreclosures. That's one powerful statistic that makes the market look healthy—even if transactions start to slow.
| | | | Now introducing the Trading Tips Podcast, bringing you the best unconventional moneymaking strategies available to the individual trader. Stock Picks, Options Trades, Market News and Actionable Commentary. Now available on Spotify, Itunes and so much more. | | | | | | | | | | | DOW 25,898.83 | +1.05% | | | | S&P 2,878.38 | +1.10% | | | | NASDAQ 7,853.74 | +1.32% | | | | *As of market close | | • | Stocks rallied on Monday, on optimism regarding U.S./China trade relations. | | • | Oil dropped 0.7 percent, to $53.80 per barrel. | | • | Gold moved one dollar higher, to $1,538 per ounce. | | • | Cryptocurrencies moved modestly higher, on average. | | | | | | Markets Rally as U.S./China Look to Restart Trade Talks | | | | Stocks jumped higher on Monday, as President Trump announced at the G7 meeting in France that Chinese officials called on Sunday night to restart talks on trade.
This ended a slump in market futures over the weekend, following the market's steep drop last Friday. "They want to make a deal," stated Trump, and that the calls were "very productive."
Although some Chinese officials stated that they were unaware of any calls, officials stated that they remain opposed to new tariffs.
» FULL STORY | | | | | | RBC Capital Reiterates Outperform Rating on Netflix (NFLX) | | | | On Monday, RBC Capital reiterated their existing Outperform rating on Netflix (NFLX) shares. The investment firm cited a survey on Netflix's customer penetration in the United States, the United Kingdom, and the subscriber churn rate.
RBC capital reiterated their existing $450 price target on shares, about 50 percent higher than the current share price and far higher than the average price target by other financial firms around $390 per share.
» FULL STORY | | | | | | Insider Activity: Fossil Group (FOSL) | | | | On Friday, August 23rd, Gregory McKelvey bought 200,000 shares of Fossil Group (FOSL), where he serves as Executive Vice President. The total purchase price came out to just over $2 million, and increases his stake in the company by nearly 60 percent to over 536,000 shares.
This follows on a 20,000 share buy on August 22nd by EVP Darren Hart, and an EVP buy back in May for 5,000 shares.
» FULL STORY | | | | | | | Unusual Options Activity: Kraft Heinz (KHC) | | | On Monday, over 2,900 contracts traded on the October $35 put options on Kraft-Heinz (KHC). This represented a 23-fold surge in volume on the options, which had a prior interest of 126 contracts outstanding.
With shares around $25.50, the put options traded at $9.50, all in-the-money. With 52 days left to go on the trade, the option appeared to offer investors nearly no time premium.
» FULL STORY | | | | | | | TOP | | DISH | 3.93% | | | CTL | 3.479% | | | BMY | 3.285% | | | CELG | 3.203% | | | AMGN | 3.18% | | BOTTOM | | PM | 4.297% | | | LB | 3.48% | | | GTX | 3.368% | | | GPS | 3.192% | | | ALXN | 3.182% | | | | | | | | | I think we are going to have a deal…They [China] have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States by the way, we are going to get a lot of them too. | | - President Trump at the G7 conference on Monday, citing the prospect of a trade deal with China and walking back his belligerent tweets on Friday | | | | FREE SESSION: The "Flipping Stocks" Method | | | A new and unconventional way to "flip stocks" is quickly catching on across the country. And the man who developed this method has made nearly $25 million with it. What he's teaching could help even novice investors earn an extra $15,000 in the next 30 days alone.
And he recently got on camera near his home in Florida to explain exactly how it works. Click here to watch his free session | | | |
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