We're often reminded that the stock market isn't the economy. That's true. But the stock market does price in expectations about the economy.
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| |  Good morning. We're often reminded that the stock market isn't the economy. That's true. But the stock market does price in expectations about the economy.
Right now, it's working in some of the uncertainty from the coronavirus outbreak. There will be more days ahead with big rallies and big drops.
These are the kinds of moves that make for great trading opportunities. Stay cautious, but remember, no market selloff lasts forever.
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| | |  | DOW 26,957.59 | -0.46% | | | | S&P 3,116.39 | -0.38% | | |  | NASDAQ 8,980.77 | +0.17% | | | | | *As of market close | | | • | Stocks gave up strong early gains for slight losses, as companies raised concerns over the coronavirus. | | | • | Oil prices dropped 2.5 percent, closing at $48.65 per barrel. | | | • | Gold prices dropped 0.4 percent, hitting $1,642 per ounce. | | | • | Cryptocurrencies likewise declined, with Bitcoin sliding 5.7 percent to $8,811. | | | | | |
| | | Two Beaten-Down Blue Chips to Buy Now | | | | We're firm believers that investing is most successful when it's most businesslike. One way to do that is to find companies that are attractively valued, and then buy them when they're on sale.
It's a lot like buying groceries and taking advantage of the occasional offer that allows you to stretch your dollars further.
Of course, in the real world, it's tough. Our emotions come into play. But we need to set those aside and look at the facts.
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| | Insider Activity Report: Sally Beauty Holdings (SBH) | | | | Christian Brickman, President and CEO at Sally Beauty Holdings (SBH), recently bought 7,650 shares. The buy cost just under $95,000, and increased his shares by 1.8 percent.
This marks the second insider buy at the company this year, following a director buy of 9,000 shares earlier in the month.
Insider activity at the company over the past three years shows large numbers of insider buys on a regular basis, as well as the occasional small insider sale.
» FULL STORY | | | | |
| | Unusual Options Activity: The Walt Disney Company (DIS) | | | | Over 1,050 contracts traded on the March $136 call options on The Walt Disney Company (DIS). This is an eight-fold rise from the prior open interest of 135 contracts.
The option, expiring in 22 days, is a play on shares moving $5 higher from around $130 right now. That's about a 5 percent jump.
Shares have sold off heavily recently as coronavirus fears are likely to impact tourism and travel, in turn lowering revenues at the company's theme parks.
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| | | | TOP | | | REGN | 7.15% | | | | GILD | 6.562% | | | | NEM | 5.693% | | | | CLX | 5.318% | | | | MOS | 3.52% | | | | BOTTOM | | | RCL | 8.051% | | | | NCLH | 7.886% | | | | CCL | 7.534% | | | | EXPE | 7.088% | | | | M | 6.918% | | | | |
| | |  | | The sensitivity to what we don't know has really been revealed. These last couple of sessions have really brought out to the surface the potential worst-case scenarios that the virus can spread from continent to continent. | | - Jeff Kilburg, CEO of KKM Financial, on the coronavirus outbreak's impact in terms of creating market fear and volatility.  | |
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