Markets roared higher on Friday thanks to strong jobs numbers. Even better, the manufacturing sector, which has generally been slowing for over a year now, showed a big jump.
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|  Good morning, Markets roared higher on Friday thanks to strong jobs numbers. Even better, the manufacturing sector, which has generally been slowing for over a year now, showed a big jump. With over 54,000 jobs added there in November, it's the best showing for the sector since 1998.
Of course, of those 51,000 jobs, 41,000 represented workers at General Motors heading back to work, putting the real job growth in manufacturing at a much lower 10,000 jobs. That's still showing some growth in the manufacturing sector, however, and a much-needed boost to the markets after another round of trade-war fears.
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 | DOW 28,015.06 | +1.22% | | |
| S&P 3,145.92 | +0.91% | | |
| NASDAQ 8,656.53 | +1.00% | | |
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| *As of market close |
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| • | Markets rallied strongly into the weekend, on solid jobs numbers. | | | • | Oil prices rallied 1.1 percent, to $59.07 per barrel. | | | • | Gold declined 1.2 percent, moving to $1,465 per ounce. | | | • | Cryptocurrencies generally traded flat, with Bitcoin moving 0.12 percent higher to $7,456. | | |
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| Two Payment Processing Companies Worth Buying Now | |
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The finance sector is a broad one.
With banks being subject to the volatility of the credit market and comments by the Federal Reserve, and with insurance companies being great companies to own over long periods of time but not short ones, payment processors fill a nice niche in the sector.
Payment processing companies provide growth with the overall economy, and are also coming into their own as a place to invest in the finance space.
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| Insider Trading Reports: Cleveland-Cliffs (CLF) | |
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Robert Fisher, a director at Cleveland-Cliffs (CLF) recently added 5,000 shares to his holdings. While only increasing his share stake by less than 5 percent, he did shell out nearly $39,000 of his own money to do so.
Fisher joins a number of insiders who have bought shares of the company, largely in a cluster back in late August when shares were priced much higher.
Shares of the iron ore producer recently fell on their offer to purchase AK Steel.
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| Unusual Options Activity: Seaspan Corporation (SSW) | |
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Nearly 4,000 contracts traded on the May 2020 $15 call options on Seaspan Corporation (SSW). Compared to the prior open interest of 553 contracts, it's a seven-fold surge in volume.
Shares trade in the low $13 range, meaning they need to move $2 higher, or about 15 percent, before expiration in May to close in-the-money.
The option price of around $0.50, or $50 per contract, means the buyer starts to make money if shares hit $15.50.
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| TOP | | | PVH | 11.092% | | | | BIIB | 7.589% | | | | RL | 6.023% | | | | SWK | 5.28% | | | | GD | 4.848% | | | | BOTTOM | | | ALXN | 3.916% | | | | BF.B | 2.798% | | | | FFIV | 2.79% | | | | LB | 2.435% | | | | KTX | 1.812% | | | |
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| The bottom line is the labor market is cooking. It clearly says the Fed should not do anything more. The Fed can now sit back on the shelf, not have to worry about having to be pestered about lower rates |
- Ward McCarthy, chief financial economist at Jefferies, on what the job market means for other economic factors like how the Federal Reserve will act.  |
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