A new study from Bank of America shows that only 11 percent of actively-trading funds managed to beat their benchmark in the past decade.
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| |  Good morning. It's still a job hunter's market. The Labor Department reported that initial jobless claims fell to 214,000 in the most recent week—a 9,000 drop over the 223,000 the prior week.
With an expectation of 220,000 claims, it's better than expected. But with unemployment already near all-time lows, we'll either start to see the job market start to slow this year—or we'll start to see a rise in wages. A slowing job market is usually perceived as a problem, but rising wages aren't, as it means workers can buy more goods and services.
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| | |  | DOW 28,957.24 | +0.74% | | | | S&P 3,274.70 | +0.67% | | | | NASDAQ 9,203.43 | +0.81% | | | | | *As of market close | | | • | Stocks continued higher yesterday, once again hitting new all-time highs. | | | • | Oil prices rose two cents, to $59.63 per barrel. | | | • | Gold declined another half a percent, , to $1,551.60 per ounce. | | | • | Cryptocurrencies mostly continued lower, with Bitcoin dropping 2.5 percent to $7,860. | | | |
| | | Two Plays for a Cyber Attack | | | | Although the saber-rattling between the United States and Iran has seemed to die down as quickly as it started, chances are there will be further geopolitical challenges in the year ahead.
One major concern is that of a cyber attack. The United States has an increasing amount of wealth stored digitally—as opposed to Iranian oil and gold—and cyber attacks are already a common occurrence without foreign state action.
Fortunately, a number of companies exist to meet this rising threat.
» FULL STORY | | | | |
| | Insider Trading Reports: Lamb Weston Holdings (LW) | | | | William Jurgensen, a director at Lam Weston Holdings (LW), recently bought 18,000 shares. The buy increased his stake by 14 percent.
At a price just over $92 per share, the buy also came in north of $1.6 million.
Insider activity for the past few years shows a number of insider sales already year-to-date, although not quite as much in total as this one insider buy. All told, insiders own less than 1 percent of the company.
» FULL STORY | | | | |
| | Unusual Options Activity: The TJX Companies (TJX) | | | | The February $65 call options on The TJX Companies (TJX) saw nearly 8,900 contracts trade hands. With a prior open interest of just 160 contracts, that's a 56-fold rise in volume.
Traders are betting that the company, currently trading around $62.50, to rally another $2.50 in the next 42 days until expiration.
The traders paid just $0.65 for the trade, so shares would need to trade a bit closer to $66 at expiration to profit.
» FULL STORY | | | | |
| | | | TOP | | | LB | 4.463% | | | | ALGN | 3.685% | | | | BLL | 3.49% | | | | ABMD | 2.748% | | | | HII | 2.621% | | | BOTTOM | | | KSS | 6.541% | | | | GPS | 3.542% | | | | CPRI | 3.394% | | | | ARNC | 3.092% | | | | UAA | 3.085% | | | | |
| | |  | | North America is clearly the place where companies are continuing to increase their investment focus…There's still a high level of caution…. If we can get these trade deals done, that would be the biggest thing. Uncertainty of having to price your supply chains makes budgeting and forecasting extremely difficult. From a CFO's perspective, naturally they are going to be a bit on the conservative side, which they should be. But if they can get some clarity behind that, I would view that as a tailwind. | | - Sandy Cockrell, Deloitte Global CFO program leader, on why corporate CFOs are still cautious on the economy and the market until a trade deal is done.  | |
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