Archive for the ‘Phil’s Favorites’ Category

Will omicron – the new coronavirus variant of concern – be more contagious than delta? A virus evolution expert explains what researchers know and what they don’t


Will omicron – the new coronavirus variant of concern – be more contagious than delta? A virus evolution expert explains what researchers know and what they don’t

The omicron variant possesses numerous mutations in the spike protein, the knob-like protrusions (in red) that allow the virus to invade other cells. Juan Gaertner/Science Photo Library via Getty Images

Courtesy of Suresh V. Kuchipudi, Penn State

A new variant named omicron (B.1.1.529) was reported by researchers in South Africa on Nov. 24, 2021, and designated a “variant of concern” by the World Health Organization two days later. Omicron is very unusual in that it is by far the most heavily mutated variant yet of SARS-CoV-2, the virus that causes COVID-19.

The omicron variant has 50 mutations overall, with 32 mutations on the spike protein alone. The spike protein – which forms protruding knobs on the outside of the SARS-CoV-2 virus – helps the virus adhere to cells so that it can gain entry. It is also the protein that all three vaccines currently available in the U.S. use to induce protective antibodies. For comparison, the delta variant has nine mutations. The larger number of mutations in the omicron variant may mean that it could be more transmissible and/or better at evading immune protection – a prospect that is very concerning.

I am a virologist who studies emerging and zoonotic viruses to better understand how new epidemic or pandemic viruses emerge. My research group has been studying various aspects of the COVID-19 virus, including its spillover into animals.

Why do new SARS-CoV-2 variants continue to emerge?

While the unusually high number of mutations in the omicron variant is surprising, the emergence of yet another SARS-CoV-2 variant is not unexpected.

Through natural selection, random mutations accumulate in any virus. This process is sped up in RNA viruses, including SARS-CoV-2. If and when a set of mutations provides a survival advantage to a variant over its predecessors, the variant will out-compete all other existing virus variants.

Does the omicron variant’s greater number of mutations mean it is more dangerous and transmissible than delta? We simply don’t know yet. The conditions that led to…
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LNG Shipper Flex LNG


Transformity's Tobin Smith is highlighting LNG Shipper Flex LNG (FLNG) today for his subscribers and us. The company goes ex-dividend tomorrow, so he's also suggesting reading this article and, if you're interested, buying shares today under $25. 

LNG Shipper Flex LNG

Courtesy of Tobin Smith, Editor-in-Chief, Transformity Investor PRO

Investment Idea: Buy $FLNG under $25 with $30-$34 target (buy today, shares go ex-dividend tomorrow) 

We have been waiting patiently for Flex LNG (too patiently, actually) to increase their nearly 3% dividend to what made sense given the huge demand for LNG imports into Europe and Asia (especially China) and our cash flow estimates.  Well…in the last few days, FLNG raised their dividend by 80%. If we act quickly, we can lock about a $3/year dividend and stock with ~30% upside potential. 

FYI while much of the US is having a post-Thanksgiving warming period, Europe and Asia are getting slammed with record cold temperatures--and that is where FLNG delivers LNG.

In addition to increasing its dividend 80% to12%-ish, FLNG also started stock buybacks . . . their recent Q3 earnings and forecast deck tells the big story very well. 


LNG raised its quarterly dividend to $0.75, from a previous level of $0.40 — meaning the dividend was hiked 87.5%. FLNG had already raised its dividend by 33% in Q2. 

With the annualized dividend payout at $3.00 on a forward basis, FLNG is now offering a dividend yield of 12.6% ish, based on the current share price of $24 ish. The dividend looks sustainable for the foreseeable future, given the strong balance sheet, significant debt refinancing at 2% ish lower rates, and the new longer-term time charters recently agreed to. 

Upside Thesis: We believe that in a 3-5% dividend world, once more income investors hear about the huge dividend yield available in FLNG, increased demand for FLNG's shares could propel shares to $30. Just a competitive yield of 7% or 8% would see FLNG trade at even higher prices.

Why is FLNG able to achieve much higher financial returns than say Teekay LNG? I called a few friends in Houston where most of the spot and long-term LNG tanker brokerage occurs. While smoking cigars and lighting them with $100 bills (my inference--they are KILLING IT right now),…
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Market Correction Before The Santa Rally Has Started


Market Correction Before The Santa Rally Has Started

Courtesy of Lance Roberts, Real Investment Advice

Last week, we asked if there would be a market correction before “Santa visits Broad and Wall?”

“Investors’ ‘wish lists’ are hung by the chimney with care, hopeful the ‘Santa Claus rally’ will soon be there. While they remain ‘snug in their beds, the historical data dances in the heads.’ The chart below from @themarketear shows the annual “seasonality” from 1985 through 2019.

It certainly seems there is little to worry about. However, notice that dip at the beginning of December.“

Market Correction, Market Correction Before The Santa Rally Has Started

We made the case that mutual fund distributions would provide additional selling pressure on a market already plagued by weak internals. To wit:

However, there is potentially a negative impact on the market. Such is particularly the case when volumes are weak, liquidity is low, and breadth is poor. As shown, during the entire advance from the September lows, the volume declined. Importantly, over the last week, breadth deteriorated.

All that was missing was a catalyst to create a market correction.

“Over the last couple of weeks, the market has been warning to the risk of a downturn, all that was needed was a catalyst to change sentiment.” – The Real Investment Report

Chart updated through Friday.

Market Correction, Market Correction Before The Santa Rally Has Started

The Lack Of Liquidity

On Friday, news of a new “Covid” variant broke, and stocks marked “Black Friday” by plunging firmly through the 20-dma and support at recent lows.

“Notably, that downside break broke the consolidation pattern (blue box in the chart below) that began in early November. While there is some minor support around 4550, critical support lies at the 50-dma at 4527. That support level also corresponds to the September peak.” – Real Investment Report

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This Chart Explains President Biden’s Strange Remarks at Yesterday’s Press Conference on the Omicron Variant

Courtesy of Pam Martens

Closing Prices of Bank Stocks on June 11, 2020

By Pam Martens and Russ Martens

President Joe Biden Speaking at Press Conference on New COVID Variant, Omicron, on Monday, November 29, 2021

President Joe Biden Speaking at Press Conference on New COVID Variant, Omicron, on Monday, November 29, 2021

President Joe Biden clearly needs a new communications team that can explain to him the meaning of “under promise, outperform.” Biden began yesterday’s press conference on the newly discovered COVID variant, Omicron, stating that he had promised to always tell the American people the truth. Then he proceeded to deliver a pep talk devoid of hard evidence for the rosy promises he was making about his strategy for fighting the new Omicron variant.

At one point, Biden told reporters that this Thursday he would be “putting forth a detailed strategy on how we’re going to fight COVID this winter – not with shutdowns or lockdowns, but with more widespread vaccinations, boosters and testing and more.” At this point, there is zero hard evidence that the current vaccines provide significant immunity against the Omicron variant. Scientists around the world have said that it will take two to three weeks to determine existing vaccine effectiveness against the new variant.

A reporter asked Biden why he would take shutdowns and lockdowns off the table. Biden responded that if the American people are vaccinated and wearing their masks there’s no need for the lockdown, but as of Monday’s press conference, even Pfizer and Moderna, the makers of the two major vaccines used in the U.S., had no idea if their vaccines were effective against this new strain of COVID.

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Omicron: why the WHO designated it a variant of concern


Omicron: why the WHO designated it a variant of concern

Courtesy of Ed Feil, University of Bath

The World Health Organization (WHO) has announced that the B.1.1.529 lineage of Sars-CoV-2, thought to have emerged in southern Africa, is to be designated as a variant of concern (VoC) named omicron. This decision has already precipitated a broad shift in priorities in pandemic management on a global scale.

The WHO has recommended, among other things, increased surveillance, particularly virus genome sequencing; focused research to understand the dangers posed by this variant; and ramping up mitigation measures, such as mandatory mask wearing. Greater restrictions on international travel have already come into force in the UK and many other countries. Indeed, Japan has closed its borders to all foreign visitors.

The speed with which the omicron variant was designated a VoC was dizzying. A little over two weeks passed since the first known infections in Botswana and South Africa. Contrast this with the delta variant that is currently dominant in Europe and many other parts of the world. This variant was first reported in India in October 2020, but despite causing a tremendous surge in cases in the country (as well as spreading to many others), it did not receive the elevated status of VoC until at least six months later.

There was certainly sluggishness in recognising the danger posed by the delta, and lessons have no doubt been learned of the importance of acting quickly to nip dangerous new variants in the bud, or at least to slow their spread to buy the world some time. But this delay also reflected the difficulties in generating robust evidence as to what a new variant is capable of.

There are three types of behaviour (“phenotypes”) that determine the threat posed by a new variant. These are transmissibility (the rate at which it spreads from one person to another), virulence (the seriousness of disease symptoms) and immune evasion (the degree of protection a person receives from the vaccine or natural infection). The underlying genetics and evolutionary interactions among these three phenotypes are complex, and unpicking them requires both detailed real-world clinical and epidemiological data and careful experiments in the laboratory.

So what is it about the omicron variant that has led the WHO,…
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Wall Street Has Deployed a Dirty Tricks Playbook Against Whistleblowers for Decades – Now the Secrets Are Spilling Out

Courtesy of Pam Martens

Carmen Segarra, a Bank Examiner, Was Fired by the New York Fed for Refusing to Change Her Negative Examination of Goldman Sachs

Carmen Segarra, an Attorney and Bank Examiner, Was Fired by the New York Fed after Refusing to Change Her Negative Examination of Goldman Sachs

For more than two decades, the general counsels of Wall Street’s mega banks have been meeting together secretly once a year at ritzy hotels and resorts around the world. This would appear to be a clear violation of anti-trust law but since Wall Street’s revolving door has compromised the U.S. Department of Justice over much of that time span, there has been no pushback from the Justice Department to shut down these clandestine meetings.

Wall Street insiders say that among the top agenda items at this annual confab are strategy sessions on how to keep Congress from enacting legislation that would bring an end to Wall Street’s privatized justice system called mandatory arbitration. This system allows the most serially corrupt industry in America to effectively lock the nation’s courthouse doors to claims of fraud from its workers and customers. This private justice system also keeps the details of many of Wall Street’s systemic crimes out of the press.

Wall Street’s McJustice system is just one element of a fully-loaded dirty tricks playbook that Wall Street uses to crush an honest worker who is intent on holding the firm to account. The playbook includes gaslighting; a campaign of ordered ostracizing by coworkers; demotion; an internal investigation with a preordained outcome to malign the reputation of the whistleblower; blackballing in the industry; and, frequently, the ultimate humiliation of being escorted out of the building by security guards. As the dirty campaign unfolds in front of colleagues, it achieves the intended additional goal of silencing any coworkers who might be thinking about reporting illegal activities.

Following this psychological warfare inside the Wall Street firm, the honest whistleblower will be met with the next chapter of the sociopathic playbook: Wall Street’s star chamber (mandatory arbitration) tribunals if he or she attempts to get compensated for damages, lost compensation and so forth. The Wall Street firms frequently bring current employees who were friends with the fired whistleblower to testify to outrageous lies about the honest worker in an effort to inflict more emotional damage to ensure this individual will look for future employment anywhere but Wall Street.

In one…
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Red Friday


Red Friday

Courtesy of Scott Galloway, No Mercy/No Malice@profgalloway

Smoking wasn’t popular among women until Edward Bernays, the father of public relations, rebranded it. In 1929 he capitalized on the feminist movement and repositioned cigarettes with a “torches of freedom” campaign. Bernays hired women to march down Fifth Avenue smoking as a public display of emancipation and rebellion. Within six years, women were purchasing 1 in 5 cigarettes, up from 1 in 20 in 1923.

The strategy is simple: If people associate something negative with your product (e.g., cancer), change the conversation — “You’ve come a long way, baby.”

Facebook’s rebranding to Meta is your mom at Thanksgiving when your brother begins bragging about all the “honk” he was making selling meth in rehab … just ignore all actions and words leading to that point, and change the subject as if the entire natural state has been suspended. Philip Morris and Blackwater are also good at this. New names attempt to divert our attention from teen depression, lung cancer, and murder, respectively.

A low-calorie version of this is unfolding in the payments space. The stale product formerly known as a loan has been rebranded as “Buy Now Pay Later,” or BNPL. The premise is simple: Buy a product for a fraction of its cost at checkout and pay the rest of it off over a few weeks or months. The good news: Debt is not as bad as cancer. Though it can trigger depression and even revolution. But that’s another post.

BNPL is one of the hottest trends in finance: 1 in 5 Americans used one of these services in the past year, with U.S. spending on BNPL increasing 230% since 2020. By 2025 global BNPL spending is projected to double to $680 billion. In August, Square acquired BNPL pioneer Afterpay for $29 billion in the largest-ever acquisition of an Australian firm. (We had the Founder/CEO of Afterpay on the Prof G Pod, and he’s an impressive young man.) Swedish BNPL giant Klarna is getting ready for a $50-billion-plus IPO, with…
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So You Wanna Be a Stock Picker


So You Wanna Be a Stock Picker

Courtesy of 

The stock market has been a treacherous place for the last few months. You wouldn’t know it by looking at the indexes.

I wrote this opening salvo earlier in the week when the S&P 500 was hovering near all-time highs. This morning, due to a new variant in South Africa, stocks are selling off sharply. The Dow Jones Industrial Average, the people’s index, is down over 1,000 points, sitting 5% below the all-time highs from earlier this month.

It’s been a while since we’ve seen these names on the leader and laggard board and I was hoping to never see it again. Unfortunately, here we are.

This post was initially intended to look at the difficulty of owning individual stocks, so that’s what I’m going to do.

The inspiration for this came from all the carnage that we’re seeing in growth stocks. 2020’s darlings are getting absolutely annihilated. And then there is the retail wreckage that’s currently going on. Nordstrom fell 29% on Wednesday after reporting disappointing earnings. Gap fell 24% that same day. Both stocks are sliding further today. What do you do when a name you own sheds a quarter of its value while you sleep? Do you buy bail? Do you buy more?

Seeing this type of wreckage is the periodic reminder I personally need that stock picking is really, really hard.

I’m a big proponent of index funds. This doesn’t mean I disavow active management, but I think most people should get most of their exposure to stocks through an index.  Picking stocks is hard, time-consuming, and emotionally exhausting. Even if you are able to outperform, it’s probably not worth the time necessary to achieve said outperformance. Tens and hundreds of hours to maybe beat the benchmark by a few percent doesn’t seem like a great trade. Unless it’s your passion, in which case you probably already stopped reading.

My favorite piece ever on the difficulty of stock picking, one that I’ve referenced several times on this blog, comes from the team at JPMorgan. This data point hit me over the head the first time I read

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The hunt for coronavirus variants: how the new one was found and what we know so far


The hunt for coronavirus variants: how the new one was found and what we know so far

Scientists find variants by sequencing samples from people that have tested positive for the virus. Lightspring/Shutterstock

Courtesy of Prof. Wolfgang Preiser, Stellenbosch University; Cathrine Scheepers, University of the Witwatersrand; Jinal Bhiman, National Institute for Communicable Diseases; Marietjie Venter, University of Pretoria, and Tulio de Oliveira, University of KwaZulu-Natal

Since early in the COVID pandemic, the Network for Genomics Surveillance in South Africa has been monitoring changes in SARS-CoV-2. This was a valuable tool to understand better how the virus spread. In late 2020, the network detected a new virus lineage, 501Y.V2, which later became known as the beta variant. Now a new SARS-CoV-2 variant has been identified, known as B.1.1.529. To help us understand more, The Conversation Africa’s Ozayr Patel asked scientists to share what they know.

What’s the science behind the search?

Hunting for variants requires a concerted effort. South Africa and the UK were the first big countries to implement nationwide genomic surveillance efforts for SARS-CoV-2 as early as April 2020.

Variant hunting, as exciting as that sounds, is performed through whole genome sequencing of samples that have tested positive for the virus. This process involves checking every sequence obtained for differences compared to what we know is circulating in South Africa and the world. When we see multiple differences, this immediately raises a red flag and we investigate further to confirm what we’ve noticed.

Fortunately South Africa is well set up for this. This is thanks to a central repository of public sector laboratory results at the National Health Laboratory Service, (NGS-SA), good linkages to private laboratories, the Provincial Health Data Centre of the Western Cape Province, and state-of-the-art modelling expertise.

In addition, South Africa has several laboratories that can grow and study the actual virus and discover how far antibodies, formed in response to vaccination or previous infection, are able to neutralise the new virus. This data will allow us to characterise the new virus.

Viruses on a white background

3d Variants of Covid-19 Virus (Sars-COV-2). Alpha,

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This is why you don’t run off and join the circus


This is why you don’t run off and join the circus

Courtesy of 

Today’s mini-panic over the new variant of COVID has been rocking the markets all morning, around the world. Stocks are lower for the most part, as the Vix has spiked from high teens to high twenties. I don’t know whether or not this new strain of the disease will be something we’ll be talking about for six months or six days. You don’t either. Which is why the durable, balanced portfolio you’ve built for yourself was the right answer last week and is still the right answer this week. It will be the right answer next week too.

The S&P 500 was up 27% on the year heading into this morning’s down two percent open. We have plenty of room to give some of those gains back if that’s what is necessary for the new uncertainty to ripple through the markets and for risk to be repriced. We have been through this process many times. It used to take months, now it takes days or hours. Stop logging into your accounts during these days or hours. Do yourself that favor.

The Dow is down more than 900 points today as I write this post. A 900 point down day used to be a generational market crash not long ago. In 2021 it’s just a rough day. Ten years ago this fall, the Dow Jones was regularly fluctuating by 500-700 points each day as the European Union’s debt crisis had the ability to roil each morning’s headlines for months on end. The Dow was 11,000 and change at the time. 700 points was a big deal. It would trip a circuit breaker and shut the market down temporarily. Today, the Dow sits in the 32,000-35,000 range. It has tripled. The Nasdaq has more than quintupled. Nine hundred points up or down just ain’t what it used to be.

Now, imagine someone who had run off to join the circus this year. Someone who had thrown out all their bond exposure and went all-in on high growth, high beta stocks. Did their…
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Phil's Favorites

Wall Street Is Sweating Biden's Nominee to Head Bank Supervision at the Fed

Courtesy of Pam Martens

Richard Cordray, Former Director of the Consumer Financial Protection Bureau (CFPB)

By Pam Martens and Russ Martens: December 3, 2021 ~

Progressives are waiting with bated breath to see if President Joe Biden will show more moxie than former President Barack Obama when it comes to Wall Street regulation. So far, the record has been nothing short of bizarre. See ...

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Zero Hedge

FDA Expedites Review Process For Omicron Vaccines And Drugs

Courtesy of ZeroHedge View original post here.

It's been one week since the omicron variant first rattled markets and prompted the Federal Reserve's latest rethink of its plans for rolling back its monetary stimulus. And in that time, vaccine-makers have talked their book by sharing plans to produce new omicron-targeted vaccines, while others claim that there are no data suggesting the Pfizer-BioNTech jab is less effective against omicron.

Assuming the world still does care about omicron three months from now (the first cases of the variant have only just been confirmed in the US in recent days), the FDA and its advisors are reportedly working on an expedited approval pro...

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Chart School

Gold and Silver stock cycle bottom near

Courtesy of Read the Ticker

There are some regular cycles at play with the Gold and Silver stock leaders.

The metal stocks cycles in Australia lead the rest of world metal stocks. This is because you can make gains on the stock prices as well as the currency price (AUDUSD), this is the worlds first go to gold stock.

The US FED has just announced inflation is not transitory but is structural. This opens the door for inflation hedging strategies, and gold and silver stocks will be part of this play.

Chart 1 - This shows ASX Newcrest Mining near cycle lows, this is important as Wyckoff logic investors will be watching for 'whale' buying and accumulation swings up and down. Yes we may see a few more weeks of price moving along range bound lows but the cycle does ...

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Omicron and market sell-off: don't be surprised if there's more turbulence to come


Omicron and market sell-off: don’t be surprised if there’s more turbulence to come


Courtesy of Arturo Bris, International Institute for Management Development (IMD)

Until the Omicron variant hit the headlines, the signs were that 2021 was going to close with a stellar stock-market performance. Most markets have been on the rise since the beginning of the year, with the S&P500 up about 25% and the FTSE All Share index up by about 10%.

There had ...

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The first Thanksgiving is a key chapter in America's origin story - but what happened in Virginia four months later mattered much more


The first Thanksgiving is a key chapter in America’s origin story – but what happened in Virginia four months later mattered much more

In the 19th century, there was a campaign to link the Thanksgiving holiday to the Pilgrims. Bettman/Getty Images

Courtesy of Peter C. Mancall, USC Dornsife College of Letters, Arts and Sciences

This year marks the 400th anniversary of the first Thanksgiving in New England. Remembered and retold as an allegory for perseverance and cooper...

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Digital Currencies

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them


Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

Safe as houses? iQoncept

Courtesy of Jean-Philippe Serbera, Sheffield Hallam University

Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having tim...

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Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:




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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...

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Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...

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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt


Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...

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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House


Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...

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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.